Bitdeer Technologies' Bitcoins Mined in June Jumps 35.8% Y/Y
Portfolio Pulse from Nabaparna Bhattacharya
Bitdeer Technologies Group (NASDAQ:BTDR) reported a 35.8% YoY increase in Bitcoin mined in June 2023. The company's proprietary hash rate also increased by 0.8 EH/s from May 2023 due to the arrival of 8,000 new mining machines at its Gedu mining data center in Bhutan. The Gedu Datacenter is expected to commence operations in July 2023, contributing an additional 100MW to the company's electricity capacity. The company is also constructing a 175MW immersion cooling data center in Tydal, Norway, expected to be completed in 2025. BTDR shares are trading higher by 5.78% to $13.37.
July 10, 2023 | 2:32 pm
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Bitdeer Technologies reported a significant increase in Bitcoin mined and an increase in its proprietary hash rate. The company is also expanding its operations, which could lead to further growth. BTDR shares are trading higher.
The increase in Bitcoin mined and the proprietary hash rate indicates strong operational performance. The expansion of operations, including the construction of a new data center, suggests potential for further growth. This positive news is likely driving the increase in BTDR's share price.
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