Bitdeer’s Record Growth in Bitcoin Mining
Bitdeer Technologies is solidifying its position as a global leader in Bitcoin mining. The company recently reported significant jumps in self-mining capacity and infrastructure development, showcasing its commitment to scaling operations and achieving technological excellence.
Bitcoin Mining Capacity Surges
In August, Bitdeer raised its self-mining hashrate to 30 EH/s, marking a remarkable 35% increase compared to July. This growth was fueled by the deployment of 7.8 EH/s of SEALMINER rigs across strategic locations, including the United States, Norway, and Bhutan. The company’s Bitcoin production surged by 33%, producing 375 BTC for the month, and bringing its total BTC holdings to an impressive 1,934 BTC.
Bitdeer also ramped up its operational scale, managing 229,000 mining rigs—143,000 of which are self-owned. Manufacturing efforts remained robust with 27.8 EH/s of rigs produced, including 6 EH/s shipped to external clients while the rest supported internal operations. These advancements emphasize Bitdeer’s role as a pioneer in Bitcoin mining technology.
Global Expansion Highlights
To support its growing operations, Bitdeer has been making major investments in infrastructure. Notable updates include:
- Norway: Tydal’s operations saw 161 MW go online with an additional 14 MW planned by Q3 2025.
- Bhutan: The company energized 367.5 MW of capacity, with further progress expected in phases by 2025.
- United States: Preparations continue at its Ohio sites in Massillon and Clarington, with some delays in energization due to transformer delivery setbacks. However, 21 MW is expected to be operational by October 2023.
Bitdeer remains dedicated to its ambitious goal of achieving a 40 EH/s self-mining hashrate by October, with plans for more growth in the quarters ahead.
Advances in AI Cloud Services
Expanding beyond Bitcoin mining, Bitdeer is investing heavily in the AI cloud space. In August, the company generated $8 million in annualized revenue through GPU cloud services. It also launched a relational database service and is developing cutting-edge AI-agent tools and retrieval-augmented generation capabilities to enhance its technological offerings.
Takeaway
Bitdeer’s exceptional August performance highlights its resilience and determination to lead the Bitcoin mining industry. The company’s strategic expansions, technological advancements, and diversification into AI services reflect a forward-thinking approach that investors are closely monitoring.
If you’re interested in understanding Bitcoin mining technology further, consider purchasing the Antminer S19 Pro, a high-efficiency mining rig known for its industry-leading performance.
