Bitdeer provides September 2024 production and operations update

Bitdeer announced its unaudited mining and operations updates for September 2024. The operational update includes self-mined Bitcoin of 164 Bitcoins; in mining rig manufacturing, the Sealminer A1 mass production remains on schedule for Q4 2024 and is expected to contribute 3.4 EH/s to Bitdeer’s proprietary hashrate; Seal02 chip initial tape-out wafers were received from TSMC in mid-September and will be integrated into Bitdeer’s Sealminer A2 mining machines, with mass production scheduled to commence in November 2024; design of Seal03 remains on track to tape-out in Q4 2024 with a chip efficiency of 10 J/TH. TLM Group completed its feasibility assessment of Bitdeer’s Massillon and Clarington/Hannibal sites in Ohio, reporting positive results regarding suitability for Tier 3 HPC/AI datacenters. The company has commenced discussions with development partners and potential end users for these sites. TLM Group’s feasibility assessments of Bitdeer’s other global sites is ongoing. Bitdeer AI cloud services remained near 100% average utilization for this month. Launched pilot H100 capacity in Canada. Launched AI Workflow platform, providing quick model inference capabilities. Client-hosted mining machine numbers remained steady from August, with the overall hash rate increase of 0.3 EH/s. The company expects the remaining excess capacity to be filled over the next two quarters. Construction of the Tydal, Norway, 40 MW phase 1 expansion remains on track to be energized in December 2024. Rockdale, Texas, USA, 100 MW hydro-cooling conversion is planned for phased completion between December 2024 and February 2025. Jigmeling, Bhutan, 500 MW construction remains on track with the primary substation expected to be completed by Q1 2025.