Bitdeer announces mining expansion with SEALMINER mining machines

Bitdeer Technologies announced a hash rate expansion plan of approximately 3.4 EH/s as a first step in a plan to expand its self-mining. The Company intends to install its own recently announced SEALMINER A1 miners at its mining datacenters in Rockdale, Texas in the United States; and, Norway in Q3 and Q4 2024 to accomplish this initial 3.4 EH/s expansion. Bitdeer will add approximately 4.8 EH/s of hash rate and retire 1.4 EH/s of older mining rigs. This expansion is expected to grow the total proprietary hash rate from 8.4 EH/s to approximately 11.8 EH/s. Several similar expansions for its mining hash rate are expected to follow in subsequent quarters until the end of 2025. Linghui Kong, Chief Business Officer of Bitdeer, commented, “We expect our fleet efficiency to greatly improve by using our own miners. We have full faith in the capability of the SEALMINER A1 and are demonstrating this trust by installing it in volume at our own facilities first. We can ensure the quality of our products sold to customers by field testing the mining rigs first in our mining datacenters.”