Bitdeer provides September 2023 operations update

Bitdeer reported unaudited mining and operations updates for September 2023. The number of Bitcoin mined through its self-mining business increased by 25.8% from the previous month, and almost tripled from the same period of the previous year, to 482 Bitcoins. During September, 217 Bitcoins were mined at the Gedu mining datacenter, approximately 45% of total Bitcoin being mined for the month. Proprietary hash rate as of September 30, 2023 was 8.7 EH/s, equivalent to proprietary hash rate as of August 31, 2023. Aggregate electrical capacity remained steady, totaling 895MW across six mining datacenters as of September 30, 2023. Bitcoin mined in September 2023 increased by 195.7% compared to September 2022. Bitcoin mined in September 2023 increased by 25.8% compared to August 2023, primarily attributable to the stable operation of the company’s 100MW Gedu mining datacenter in Bhutan through the full month of September. The Company has continued to make progress in the construction of a 175MW immersion cooling datacenter at its mining facility in Tydal, Norway. The expansion of the Tydal Datacenter is expected to be completed in 2025.