Bitdeer Announces April 2024 Operations Updates; Bitcoin Mined In April 2024 Increased By 13.7% Compared To April 2023
Portfolio Pulse from Benzinga Newsdesk
Bitdeer Technologies Group (NASDAQ:BTDR) reported a 13.7% increase in Bitcoin mined in April 2024 compared to April 2023, despite a 9.9% decrease from March 2024 due to the Bitcoin halving event. The company's total hash rate and mining machines under management showed growth year-over-year. Bitdeer is advancing in the construction of datacenters in Norway, the United States, and Bhutan, with completion expected by mid-2025. Additionally, the company is progressing with its mining machine project, planning trial production in May and June 2024.
May 07, 2024 | 12:48 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Bitdeer Technologies Group reported a significant year-over-year increase in Bitcoin mining output and is expanding its datacenter infrastructure and mining machine projects.
The reported increase in Bitcoin mined, despite a recent halving event, indicates operational efficiency and growth potential. Expansion of datacenters and the advancement of mining machine projects suggest strategic investments in infrastructure and technology, likely to enhance Bitdeer's market position and financial performance in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100