Bitdeer Announces Mining Expansion With SEALMINER Mining Machines; Hash Rate Expansion Plan Of ~3.4 EH/s As A First Step In A Plan To Expand Its Self-Mining
Portfolio Pulse from Benzinga Newsdesk
Bitdeer Technologies Group (NASDAQ:BTDR) announced a hash rate expansion plan of approximately 3.4 EH/s as part of its strategy to expand self-mining. The company plans to install SEALMINER A1 miners in its datacenters in Texas, USA, and Norway in Q3 and Q4 2024, aiming to increase its total proprietary hash rate from 8.4 EH/s to about 11.8 EH/s. This expansion is the first step in a broader plan to add 30-40 EH/s by the end of 2025, replacing older rigs and potentially exceeding a total hash rate under management of 46 EH/s. The SEALMINER A1 is powered by the SEAL01 chip, noted for its power efficiency.
March 26, 2024 | 12:06 pm
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Bitdeer Technologies Group plans to significantly expand its hash rate for self-mining, aiming to increase its total proprietary hash rate from 8.4 EH/s to about 11.8 EH/s in the short term, and potentially exceeding 46 EH/s by the end of 2025.
The announcement of a significant expansion in Bitdeer's self-mining capabilities, including the installation of its own SEALMINER A1 miners, is likely to be viewed positively by investors. The use of the power-efficient SEAL01 chip and the planned increase in hash rate signal a strong growth trajectory and operational efficiency, potentially leading to increased investor confidence and a positive impact on BTDR's stock price in the short term.
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