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.
Bitdeer Technologies Group (BTDR) delivers cutting-edge blockchain solutions through its proprietary digital asset mining operations and ASIC technology innovations. This page serves as the definitive source for official company announcements, operational updates, and strategic developments across its global data center network.
Investors and industry observers gain centralized access to critical updates including quarterly earnings reports, ASIC chip advancements, and data center expansions in strategic markets like the United States and Norway. The curated news collection enables efficient tracking of Bitdeer's vertical integration progress across self-mining operations, cloud hosting services, and hash rate sharing solutions.
Regular updates cover technological milestones in high-performance computing, partnership announcements, and sustainability initiatives within energy-efficient mining operations. All content undergoes strict verification to ensure compliance with financial disclosure standards and operational transparency requirements.
Bookmark this page for real-time access to verified Bitdeer news, or check back regularly to monitor the company's leadership in blockchain infrastructure development and ASIC-driven mining efficiency.
Bitdeer (BTDR) has launched ReMine, a new peer-to-peer marketplace feature that enables users to transfer idle mining machine orders and associated rights. The platform specifically allows for the transfer of SEALMINER orders and priority purchase rights, aiming to create a transparent and efficient transfer market for mining machine buyers and sellers.
The feature is accessible through both Bitdeer's official website and mobile app, designed to streamline the process of trading mining machine-related assets and benefits. ReMine's introduction focuses on providing users with a quick and hassle-free experience to help them maximize their mining potential.
Bitdeer Technologies Group (NASDAQ: BTDR) released its December 2024 operations update, highlighting significant progress across multiple initiatives. The company self-mined 145 Bitcoins and maintained strong production targets, with 35 EH/s of SEALMINER A2s production on track through Q3 2025. Notably, ~7 EH/s of SEALMINER A2s have been pre-ordered for external sale with full down payments received.
The company's infrastructure expansion continues with 1.1 GW of new power capacity expected online in 2025. Key developments include progress in multiple locations: Tydal, Norway (40 MW expansion), Rockdale, Texas (100 MW hydro-cooling conversion), Jigmeling, Bhutan (500 MW construction), and Massillon, Ohio (221 MW facility). The company's AI cloud services maintained a ~90% utilization rate, and SEAL03 and SEAL04 development remains on schedule, targeting 10 J/TH and 5 J/TH efficiency respectively.
Bitdeer Technologies Group (NASDAQ: BTDR) released its November 2024 operations update, highlighting significant expansion plans. The company expects to achieve ~35 EH/s of SEALMINER A2 mass production through Q3 2025, up from 18 EH/s. An initial allocation of ~30,000 units (~7 EH/s) has been fully reserved by customers.
Key operational metrics include 150 self-mined Bitcoins and a total hash rate under management of 20.7 EH/s. The company closed a US$400 million convertible note offering to accelerate SEALMINER development. Infrastructure developments include 1.1 GW of new power capacity scheduled for 2025, with major projects in Norway, Texas, Ohio, and Bhutan progressing.
Bitdeer Technologies Group (BTDR) has announced the pricing of US$360.0 million in 5.25% Convertible Senior Notes due 2029. The notes will bear interest semiannually and can be converted into cash, Class A ordinary shares, or a combination of both. The initial conversion price is US$15.95 per share, representing a 42.5% premium over the last reported share price. The company plans to use the proceeds for datacenter expansion, ASIC mining rig development, and working capital. Additionally, Bitdeer has entered into a zero-strike call option transaction worth approximately US$160.0 million and concurrent note exchange transactions for existing 2029 notes.
Bitdeer Technologies Group (BTDR) announced plans to offer US$360.0 million in Convertible Senior Notes due 2029 through a private placement to qualified institutional buyers. The company will grant initial purchasers an option for an additional US$40.0 million in notes. The notes will be senior unsecured obligations with semiannual interest payments.
The proceeds will fund datacenter expansion, ASIC mining rig development, and working capital. Bitdeer will enter a zero-strike call option transaction and concurrent note exchange transactions with holders of existing 8.50% convertible senior notes due 2029.
Bitdeer Technologies Group (NASDAQ: BTDR) reported Q3 2024 financial results with total revenue of $62.0 million, down from $87.3 million in Q3 2023. The company recorded a net loss of $50.1 million compared to $1.8 million loss in Q3 2023. Key operational metrics showed total hash rate under management at 17.1 EH/s, with 8.1 EH/s in self-mining. The company maintains a strong cash position of $291.3 million. Notable developments include progress in SEALMINER mining rigs commercialization, with A1 sample batch energized and A2 series launched in October, expected to deliver 18 EH/s. The company's Cloud HPC and AI business achieved 98% utilization in Singapore.
Bitdeer Technologies Group (NASDAQ: BTDR) released its October 2024 operations update, highlighting the launch of SEALMINER A2 mining machines with 226 TH/s (air-cooling) and 446 TH/s (hydro-cooling) capabilities. The company self-mined 174 Bitcoins and increased client-hosted mining machines by 3,000 units. Mass production of SEALMINER A1 and A2 is expected to generate approximately 21.7 EH/s combined. The company successfully taped out SEAL03 chip with 10 J/TH efficiency. Construction projects in Norway, Texas, and Bhutan are progressing, though the Rockdale facility faces a one-month delay due to dock workers' strike.
Bitdeer Technologies Group (NASDAQ: BTDR) has scheduled its third quarter 2024 earnings conference call for November 18, 2024, at 8:00 AM EST. The company will release its unaudited financial and operational results for the quarter ended September 30, 2024, before the call at approximately 7:00 AM EST. Management will discuss the results followed by a Q&A session. The conference call will be accessible via webcast and phone registration, with participants encouraged to connect 5 minutes before the scheduled time.
Bitdeer Technologies Group (NASDAQ: BTDR) has released its unaudited mining and operations updates for September 2024. Key highlights include:
- Self-mined 164 Bitcoins
- SEALMINER A1 mass production on schedule for Q4 2024, expected to add 3.4 EH/s to Bitdeer's hashrate
- SEAL02 chip initial testing showed 13.5 J/TH efficiency in ultra power-saving mode
- SEALMINER A2 mass production scheduled for November 2024
- SEAL03 chip design on track for Q4 2024 tape-out, targeting 10 J/TH efficiency
- Positive feasibility assessment for Ohio HPC/AI datacenters
- AI cloud services near 100% utilization
- Launched pilot H100 capacity in Canada and AI Workflow platform
- Hosting hashrate increased by 0.3 EH/s
- Infrastructure expansions progressing in Norway, Texas, Ohio, and Bhutan
Bitdeer Technologies Group (NASDAQ: BTDR) has successfully tested its latest Bitcoin mining chip, SEAL02, achieving an exceptional power efficiency ratio of 13.5 J/TH in low voltage, ultra power-saving mode. This milestone aligns with the SEALMINER technology roadmap announced in June 2024. The SEAL02 chip, developed in partnership with TSMC, uses one of the most advanced process nodes.
Key points:
- SEAL02 will be integrated into upcoming SEALMINER A2 mining machines
- Mass production is scheduled to begin in November 2024
- R&D work on SEAL03 chip is ongoing and on track
- Bitdeer has a dedicated team of engineers for R&D in ASIC design, algorithm development, and more
The company aims to set new benchmarks for efficiency and transparency in the mining ecosystem while contributing to the security of the Bitcoin decentralized network.
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