Bitdeer Announces December 2023 Operations Updates; 434 BTC Mined In December Vs 403 In November 2023
Portfolio Pulse from Benzinga Newsdesk
Bitdeer Technologies Group (NASDAQ:BTDR) reported a 7.7% increase in Bitcoin mined in December 2023 compared to November 2023, and a 149.4% increase from December 2022, totaling 434 BTC despite retiring 6,000 legacy mining machines. The Gedu Datacenter contributed 53.0% of the mined Bitcoins. Bitdeer is constructing a 175MW datacenter in Norway and plans a 221MW datacenter in Ohio, both expected to complete in 2025. The company also received NVIDIA DGX H100 systems and expects to launch its AI cloud service platform in Q1 2024.
January 05, 2024 | 1:34 pm
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POSITIVE IMPACT
Bitdeer's increased Bitcoin mining output and ongoing datacenter projects in Norway and Ohio, along with the upcoming launch of AI cloud services, indicate a strong operational performance and growth potential.
The positive mining update, with a significant year-over-year increase in Bitcoin mined, reflects operational efficiency and could attract investor interest. The progress in datacenter construction and the launch of AI cloud services with NVIDIA technology may also be viewed as steps towards diversification and long-term growth, potentially leading to a positive short-term impact on BTDR's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100