Bitdeer Technologies Group - Ordinary Shares (BTDR)
16.25
-0.64 (-3.79%)
Bitdeer Technologies Group is a prominent technology company focused on cryptocurrency mining and related services
It specializes in providing infrastructure and support for cryptocurrency miners, enabling them to optimize their operations and enhance efficiency. The company offers solutions such as mining hardware, hosting services, and strategic partnerships, positioning itself as a key player in the rapidly evolving blockchain and digital currency landscape. Through its innovative approach, Bitdeer aims to simplify the complexities of cryptocurrency mining and support the growth of the digital economy.
SINGAPORE, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQBTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced the successful close of the acquisition of a fully licensed and permitted 101 MW site and gas-fired power project situated on 19 acres of land near Fox Creek, Alberta in an all-cash transaction for $21.7 million. The site has potential to scale to 1 GW of power, reflecting Alberta’s abundant energy resources, supportive regulatory posture and pro-business environment.
Retail sentiment has weakened across all three stocks over the past month, dragged by uncertainty surrounding U.S. crypto policy under President Donald Trump and Federal Reserve rate changes.
- Production of approximately 35 EH/s of SEALMINER A2s through Q3 2025 remains on track.- ~7 EH/s of SEALMINER A2s allocated for external sale have been ordered by customers, including the full receipt of related down payments.- SEAL03 sample wafers with an anticipated chip efficiency of 10 J/TH expected in Q1 2025.- SEAL04 R&D remains on track to achieve industry leading efficiency of 5 J/TH with anticipated initial tape-out in Q3 2025.
U.S.-listed Bitcoin (CRYPTO: BTC) miners have increased their share of the global network hashrate to approximately 29%, up by 7.8% since the Bitcoin halving earlier this year, according to a JP Morgan report.
