Bitdeer Announces February 2024 Operations Updates; Mined 287 Bitcoins In Total, An Increase Of 64% From The Same Period Last Year
Portfolio Pulse from Benzinga Newsdesk
Bitdeer Technologies Group (NASDAQ:BTDR) reported a 64% increase in Bitcoin mined in February 2024 compared to the previous year, totaling 287 Bitcoins. The company introduced its first Bitcoin mining chip, the 4nm SEAL01, designed for the new SEALMINER A1 machines, marking its entry into the ASIC production space. Bitdeer also announced progress on its infrastructure projects, including the commencement of land preparation for a 221MW datacenter in Ohio and the ongoing construction of a 175MW immersion cooling datacenter in Norway, both expected to be operational by mid-2025.
March 07, 2024 | 1:44 pm
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Bitdeer Technologies Group announced a significant increase in Bitcoin mining, the introduction of a new mining chip, and progress on datacenter construction projects in Ohio and Norway.
The 64% increase in Bitcoin mining and the introduction of the SEAL01 chip indicate strong operational performance and technological advancement, likely to attract investor interest. The progress on datacenter projects in Ohio and Norway demonstrates Bitdeer's commitment to expanding its infrastructure, potentially leading to increased capacity and efficiency in mining operations. These developments are positive indicators for Bitdeer's future growth and profitability, likely resulting in a positive short-term impact on its stock price.
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