Bitdeer Technologies (BTDR) has released an update.
Bitdeer Technologies Group has provided its August 2024 update, revealing a decrease in Bitcoin mining to 166 BTC due to higher network difficulty and temporary setbacks, alongside the successful $172.5 million convertible notes offering for expansion purposes. Key operational highlights include ongoing SEALMINER A1 mass production and SEAL02 chip development with TSMC, and near-complete utilization of Bitdeer’s AI cloud services. Infrastructure developments in Texas, Norway, and Bhutan are on track, with various construction and energization milestones expected to be completed between Q4 2024 and Q1 2025.
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