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Bitdeer Technologies Group - $BTDR STOCK NEWS

Welcome to our dedicated page for Bitdeer Technologies Group news (Ticker: $BTDR), a resource for investors and traders seeking the latest updates and insights on Bitdeer Technologies Group stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Bitdeer Technologies Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Bitdeer Technologies Group's position in the market.

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Bitdeer Technologies Group (NASDAQ: BTDR) provided an update on its operations for April 2024. The company mined 265 Bitcoins, a 13.7% increase from the same period last year but a 9.9% decline from March 2024 due to the Bitcoin halving event. Infrastructure projects in Norway, the United States, and Bhutan are progressing, with the Jigmeling Datacenter expected to be completed in mid-2025.

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-1.54%
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Bitdeer Technologies Group (BTDR) announces strong mining and operations updates for March 2024, including plans for hash rate expansion and infrastructure development.
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1.44%
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Bitdeer Technologies Group (BTDR) reported its financial results for 2023 with total revenue of US$368.6 million, a net loss of US$56.7 million, and adjusted EBITDA of US$100.3 million. The company achieved a 74.8% increase in Bitcoin mining, launched a new ASIC chip, and expanded its global mining operations. Despite revenue growth, the net loss was impacted by share-based payment expenses and listing fees.
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Bitdeer Technologies Group (NASDAQ: BTDR) announces a hash rate expansion plan to increase its self-mining capacity. The Company plans to add approximately 3.4 EH/s initially and aims to reach a total hash rate of 46 EH/s by the end of 2025. The expansion will involve retiring older mining rigs and replacing them with newer, more efficient ones.
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-3.88%
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Bitdeer Technologies Group (BTDR) completes deployment and testing of NVIDIA DGX SuperPOD H100 system, offering advanced computing resources and services in the Asian region. The collaboration with NVIDIA aims to provide high-performance computing solutions for various industries.
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-7.5%
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Bitdeer Technologies Group (BTDR) announced its unaudited mining and operations updates for February 2024, showcasing advancements in technology with the successful testing of the SEAL01 Bitcoin mining chip. The company mined 287 Bitcoins, marking a 64.0% increase from the previous year. Bitdeer also made progress in infrastructure development, with datacenter constructions in Ohio and Norway underway. The Company operates in self-mining, hash rate sharing, and hosting services, with a focus on efficiency and sustainability.
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4.25%
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Bitdeer Technologies Group (BTDR) announced estimated unaudited preliminary financial results for Q4 2023. Total revenue was approximately US$114.8 million, with self-mining revenue at US$46.9 million. Adjusted EBITDA was in the range of US$32.1 million to US$38.1 million. Cash and cash equivalents were around US$144.7 million. Operational highlights included total Bitcoin mined, power usage, cost of electricity, and miner efficiency.
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1.04%
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Bitdeer Technologies Group (BTDR) successfully tests the SEAL01 Bitcoin mining chip, boasting an exceptional power efficiency of 18.1 J/TH. The chip is set to be integrated into the upcoming SEALMINER A1 mining machines, showcasing Bitdeer's commitment to innovation and sustainability in the evolving Bitcoin mining landscape.
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1.04%
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Bitdeer Technologies Group (NASDAQ: BTDR) reported a 123.0% increase in Bitcoin mining in January 2024 compared to the same period last year. However, month-over-month production declined due to lower average transaction fees and curtailments at its datacenter in Bhutan. The company aims to minimize future curtailments and expand its infrastructure, including the construction of a 221MW datacenter in Ohio. Bitdeer is also making progress in the construction of a 175MW immersion cooling datacenter in Norway. The company was named one of Singapore’s Fastest Growing Companies 2024 and appointed Mr. Jihan Wu as its new Chief Executive Officer effective March 1, 2024.
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-2.16%
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Bitdeer Technologies Group (BTDR) announced its participation in a virtual fireside chat hosted by H.C. Wainwright & Co. to discuss the Company’s Bitcoin mining operations and expansion into high performance computing and AI. Haris Basit, Bitdeer’s Chief Strategy Officer, and Jeff LaBerge, Bitdeer’s Head of Capital Markets & Strategic Initiatives, will be the speakers at the event.
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Bitdeer Technologies Group

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1.93%
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