Bitdeer to expand operations with $150M convertible notes offering

Bitdeer Technologies Groups stock price dropped to $6.33 after it announced a senior convertible notes offering. 

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Bitdeer introduces energy-efficient Bitcoin mining chip

The chip will enhance Bitcoin mining performance, minimize power consumption, lower costs and reduce its environmental footprint.

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Bitdeers stock climbs after revealing 570 MW expansion in Ohio

Bitcoin miner Bitdeer has announced a 570 MW strategic partnership with the Monroe County Port Authority in Ohio to boost its power capacity, according to a June 28 statement shared with CryptoSlate. Under this arrangement, Bitdeer will lease the land in the county’s Hannibal Industrial Park in Clarington for 30 years. The site is a […]

The post Bitdeer’s stock climbs after revealing 570 MW expansion in Ohio appeared first on CryptoSlate.

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Bitdeer gains $150 million from Tether for ASIC-based mining rig development

Stablecoin issuer Tether has entered into an agreement to acquire up to $150 million worth of shares from prominent Bitcoin mining firm Bitdeer via a private placement deal, according to a May 31 statement. Under the agreement, Tether has acquired 18,587,360 Class A ordinary shares from the BTC miner for $100 million. It could purchase […]

The post Bitdeer gains $150 million from Tether for ASIC-based mining rig development appeared first on CryptoSlate.

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Tether invests $150M in Jihan Wus crypto mining firm Bitdeer

Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said.

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Bitdeer sees over 40% drop in Q1 revenue compared to last year

The first-quarter revenue of Bitdeer has dropped by 40% compared to the previous year. The decline can be attributed to various factors affecting the cryptocurrency mining industry, such as market fluctuations and regulatory changes. Despite this decrease, Bitdeer remains committed to providing efficient and reliable mining services to its customers. Cryptocurrency mining is a complex [...]

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Bitdeers $60 Million Funding Boosts Bitcoin ASIC Production Amidst Record Hashrate

BitDeer, a leading computing power-sharing platform, has recently secured a $60 million loan to fuel its expansion plans. This capital injection comes at a critical time as BitDeer aims to accelerate the growth of its Bitcoin ASIC mining operations. This loan will enable BitDeer to further increase its Bitcoin hashrate, setting new records in the [...]

The post Bitdeer’s $60 Million Funding Boosts Bitcoin ASIC Production Amidst Record Hashrate appeared first on Crypto Breaking News.

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Bitdeer Reports Mining of 1,299 Bitcoins in Q4 2023

Bitdeer showcases robust Q4 financials with soaring revenues and mining efficiency, reinforcing its status as a leading blockchain tech company. (Read More)

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Bitdeer Announces New 4nm Bitcoin Mining Chip SEAL01

The SEAL01 chip features a 4-nanometer process technology and indicates a power efficiency of 18.1 J/TH.

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Bitdeer Launches Innovative 4nm SEAL01 Bitcoin Mining Chip

Bitdeer introduces the SEAL01, a 4nm Bitcoin mining chip, promising high efficiency and sustainability in the face of the 2024 Bitcoin halving challenges. (Read More)

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The Kingdom of Bhutan’s Business Division Explores Crypto Ventures With Bitdeer Partnership

A recent report reveals that Druk Holding & Investments (DHI), the business division of Bhutan’s Royal Government, is exploring crypto initiatives to enhance its portfolio expansion. DHI recently teamed up with Singapore-based crypto company Bitdeer to “jointly develop green digital asset mining operations in the Kingdom of Bhutan.” Bhutan’s DHI Executive Says the Kingdom Is

The post The Kingdom of Bhutan’s Business Division Explores Crypto Ventures With Bitdeer Partnership appeared first on BTC Ethereum Crypto Currency Blog.

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Zhidu Technology Takes Impairment Provision for Bitcoin Investment, Totaling $16M

Zhidu Technology, a listed company in China, has announced its plans to make an impairment provision for Bitcoin worth $16 million generated from cloud mining purchased from Bitmain. Zhidu is a shareholder of both Bitmain and BitDeer. The 9th board of directors’ 16th meeting and the 9th supervisory board 10th meeting, held on January 30, reviewed and […]

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Crypto Miner Bitdeer Buys Storage Facility Le Freeport for $28M

Crypto miner Bitdeer spent about $28.4 million in July to acquire Le Freeport, the highest-security storage facility in Singapore. (Read More)

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Bitdeer Buys $21M Land in Canada for 99MW Bitcoin Mining Facility

Bitdeer plans to invest $90M in the power plant and $30M in the mining facility, reducing energy costs and optimizing sustainability.

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Bitcoin Miners Struggle: Puell Multiple Indicates Ongoing Financial Stress

CryptoVizArt, a senior researcher at Glassnode, recently took to Twitter to share some concerning news about Bitcoin miners. According to their Puell Multiple ratios, miners are still under a significant amount of financial stress, despite the recent uptick in the price of Bitcoin. For those unfamiliar, the Puell Multiple ratios measure the daily USD value […]

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Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining firm is scheduled to go public through a special purpose acquisition company (SPAC) deal with Blue Safari

The post Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal appeared first on BTC Ethereum Crypto Currency Blog.

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Bitdeer’s losses widen in Q2 after one-time $33M listing fee, shares up 44%

Bitcoin miner Bitdeer Technologies, a firm spun-off from prominent Bitcoin Application-Specific Integrated Circuit (ASIC) manufacturer Bitmain, recorded a net loss of $40.4 million in Q2 2023, up from a net loss of $15.6 million in Q2 2022. The company disclosed in its earnings report published on Aug. 11 that the losses were largely attributed to [...]

The post Bitdeer’s losses widen in Q2 after one-time $33M listing fee, shares up 44% appeared first on Crypto Breaking News.

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Bitcoin Proponents Accuse the New York Times of Publishing One-Sided ‘Hit Piece’ on Bitcoin Mining

After the New York Times was accused of writing favorable pieces about disgraced FTX co-founder Sam Bankman-Fried and inviting him to speak at the news outlet’s Dealbook Summit, it is once again being criticized for publishing a “hit piece” about bitcoin mining. The article’s authors claim that bitcoin mining is harmful to the environment, while [...]

The post Bitcoin Proponents Accuse the New York Times of Publishing One-Sided ‘Hit Piece’ on Bitcoin Mining appeared first on Crypto Breaking News.

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Bitdeer Mined 220 Bitcoin in July

Bitdeer Technologies Group announced mining 220 Bitcoins in July 2023, reaching a total hash rate of 20.6 EH/s, and completing the Gedu Datacenter in Bhutan. (Read More)

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Bitdeer Partners With Druk Holding & Investments For Bitcoin Mining Operation In Kingdom Of Bhutan

The mining operations will be “carbon-free” according to the firms and the first expansion by Bitdeer into Asia.

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