Bitdeer Announces October 2023 Operations Updates; Bitcoin Mined In October 2023 Increased By 173.4% Compared To October 2022
Portfolio Pulse from Benzinga Newsdesk
Bitdeer Technologies Group (NASDAQ:BTDR) announced its unaudited mining and operations updates for October 2023, revealing a 173.4% increase in Bitcoin mined compared to October 2022. The company's Gedu Datacenter in Bhutan contributed to this strong performance, providing a 3.3EH/s hash rate and mining 211 Bitcoins. Bitdeer is also advancing the construction of a 175MW immersion cooling datacenter at its Tydal, Norway mining facility, expected to be completed in 2025.
November 07, 2023 | 1:32 pm
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Bitdeer's strong performance in Bitcoin mining and ongoing expansion efforts may boost investor confidence and potentially drive the stock price up in the short term.
The significant increase in Bitcoin mined indicates a strong operational performance, which is likely to be viewed positively by investors. Additionally, the ongoing construction of a new datacenter signifies the company's commitment to growth and expansion, which could further boost investor sentiment.
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