Bitdeer Mining Insights

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Bitdeer Technologies Group (Nasdaq: BTDR) has announced a cleanup redemption of all its $7.7 million outstanding 8.5% convertible senior notes due 2029. The redemption will take place on September 23, 2025, at 100% of the principal amount plus accrued interest. Holders may convert their notes into Bitdeer Class A shares before 5:00 p.m. (NYC time) on September 19, at a rate of 127.9743 shares per $1,000, reflecting a 10.9536-share incentive due to the early redemption. Bitdeer will settle conversions in shares plus cash for fractional shares. Interest ceases after the redemption date.

Canaan Inc. has partnered with Luxor Technology to provide non-dilutive financing for institutional Bitcoin miners, starting with a major transaction that enabled a U.S.-based miner to acquire more than 5,000 Avalon A15 Pro ASIC miners. This partnership allows Luxor to offer flexible equipment financing with low collateral requirements, aiming to reduce capital barriers for institutional-scale operations. Both companies see this collaboration as part of a broader strategy to support the next wave of industrial mining growth amid volatile market conditions.

Ocean Mining confirmed that block 913272 was discovered by a solo miner using a Nerdminer QAxe++ with just 5 TH/s hashrate. The miner, @snednode, used Start9labs infrastructure and the DATUM protocol via Ocean’s decentralized setup. Experts say this rare success—statistically expected once in over 3,500 years—highlights the power of decentralization and solo mining’s potential.

Hive Digital announced the rapid completion of Phase 2 at its Yguazú, Paraguay mining site, reaching 18 EH/s and producing over 8.5 BTC daily. The 200MW facility is fully powered by hydroelectric energy from the Itaipu Dam and operates using S21+ Hydro miners. Hive noted the site surpassed expectations, becoming its largest and most efficient installation to date.

Thumzup Media, linked to Donald Trump Jr., plans to acquire 3,500 Dogecoin mining rigs through its purchase of DogeHash. The company projects up to $103 million in annual revenue if DOGE hits $1. Thumzup recently raised $50 million and will rebrand as DogeHash Technologies Holdings.