Bitdeer Unveils Next-Gen Bitcoin Mining Machines Featuring Its Own Chip and Air and Hydro-Cooling Innovations

November 1, 2024 Bitcoin.com

bitcoin.com

Nasdaq-listed Bitdeer announced the launch of its second-generation Bitcoin mining machine, the SEALMINER A2 series, on October 31, 2024. The new machines feature a power efficiency ratio of 16.5J/TH, with the air-cooled model achieving a hashrate of 226TH/s and the hydro-cooled model reaching up to 446TH/s. Equipped with Bitdeer’s independently developed SEAL02 chip, the SEALMINER […]

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Meet the Sealminer A2: Bitdeer’s New ASIC in the Bitcoin Mining Arena

October 26, 2024 Bitcoin.com

bitcoin miner

This week, Bitdeer (Nasdaq: BTDR), a publicly listed firm in bitcoin mining and rig production, unveiled its latest product: the Sealminer A2. Bitdeer claims this machine clocks in at an impressive 226 terahash per second (TH/s) with a sleek energy efficiency of 16.5 joules per terahash (J/T). “Mass production introduction is in progress, coming soon […]

ECB Expands Digital Asset Settlement—A Major Shift in European Finance

Bitdeer Completes Testing of SEAL02 Bitcoin Mining Chip

September 27, 2024 Bitcoin.com

Bitcoin

Bitdeer Technologies Group has successfully completed prototype testing for its SEAL02 bitcoin mining chip, marking a pivotal advancement in the company’s technological development. The chip exhibited a power efficiency ratio of 13.5 joules per terahash (J/T) when operated in low-voltage mode, a key achievement in Bitdeer’s roadmap. Bitdeer’s SEAL02 Chip Achieves 13.5 J/T Efficiency in […]

ECB Expands Digital Asset Settlement—A Major Shift in European Finance

Bitcoin miner revenues dwindle as halving erodes mining volumes: Bitbo

September 2, 2024 Coin Telegraph

Mining revenues hit 12-month lows in August, according to Bitbo.

Bitcoin (BTC) miners saw mining revenues dwindle to 12-month lows as the Bitcoin network’s April halving continues to erode mining output and, in turn, revenues, according to data from Bitbo, a Bitcoin dashboard.

Monthly BTC mining revenues declined to approximately $827 million in August 2024, according to Bitbo. That’s lower than any month since September 2023 and far below pre-halving peaks of almost $2 billion in March 2024.

Roughly every four years, a halving event hardcoded into the Bitcoin network cuts the number of BTC mined per block in half. The April halving reduced mining rewards from 6.25 BTC to 3.125 BTC per block.

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Bitcoin Miner Bitdeer Unveils $150M Convertible Notes Offering With 8.5% Yield

August 17, 2024 Bitcoin.com

Bitcoin Miner Bitdeer Unveils 0M Convertible Notes Offering With 8.5% Yield

ASIC

Bitdeer Technologies Group has set the stage for a $150 million convertible notes offering, featuring an annual interest rate of 8.5%. The deal is scheduled to wrap up on Aug. 20, 2024. This move aligns with a broader trend in the bitcoin mining sector, where firms have collectively secured $2.1 billion through stock offerings since […]

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Bitcoin Mining Firm Bitdeer Partners With Ohio Port Authority for 570 MW Expansion

June 28, 2024 Bitcoin.com

Bitcoin mining

Bitdeer Technologies Group has signed a lease agreement with the Monroe County Port Authority to secure an additional 570 megawatts (MW) of power capacity. This expansion brings Bitdeer’s total global capacity to 2.5 gigawatts (GW). Bitdeer Expands Power Capacity With New Partnership in Ohio Bitdeer, a Nasdaq-listed company, has leased land at the Hannibal Industrial […]

ECB Expands Digital Asset Settlement—A Major Shift in European Finance

Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer Desiweminer

June 6, 2024 Bitcoin.com

Acquisition

Bitdeer Technologies Group announced its acquisition of Desiweminer, a noted player in the crypto ASIC design landscape. The agreement, finalized on June 3, 2024, involves the exchange of 20 million Bitdeer shares and introduces stringent transfer restrictions, with a vesting period extending up to seven years. Bitdeer and Desiweminer Join Forces in Multimillion-Share Acquisition Deal […]

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Bitdeer Announces $100 Million Investment From Tether

May 31, 2024 Bitcoin.com

Bitdeer Announces 0 Million Investment From Tether

ASIC development

On Friday, the publicly listed mining company Bitdeer Technologies Group revealed that the leading stablecoin firm Tether has purchased $100 million in Bitdeer shares. Additionally, Tether holds an option to acquire an additional $50 million in shares in the future. Bitdeer and Tether Forge Partnership With $100 Million Share Purchase Tether has acquired $100 million […]

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Tether invests $150M in Jihan Wu’s crypto mining firm Bitdeer

May 31, 2024 Coin Telegraph

Tether invests 0M in Jihan Wu’s crypto mining firm Bitdeer

ASIC Mining

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

Jihan Wu’s cryptocurrency mining firm Bitdeer is raising new capital from Tether, the operator of the world’s largest stablecoin, the eponymous Tether (USDT).

Tether has entered into a subscription agreement with Bitdeer to purchase up to $150 million worth of its shares in a private placement, according to an official announcement on May 31.

The private placement includes 18,587,360 Class A ordinary shares and a warrant to purchase up to 5,000,000 additional shares at $10.00 per share.

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Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production

April 5, 2024 Bitcoin.com

Bitcoin mining

According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in March, marking a 28.4% enhancement over March 2023’s earnings. Ahead of Bitcoin’s Next Halving, Bitdeer Taps TSMC for Proprietary Mining […]

BitDeer