Bitdeer (BTDR) is significantly expanding its proprietary Bitcoin mining operations to counteract weak demand in the mining equipment market. According to documents cited by Bloomberg, Bitdeer plans to nearly triple its self-owned computing power to 22.5 EH/s by July 2025, aiming to become one of the top five Bitcoin mining companies globally. In August, Bitdeer mined 375 BTC, ranking sixth worldwide, just behind MARA, IREN, Cango, CleanSpark, and Riot.
Bitdeer Expands Bitcoin Mining Capacity Amid Market Slump
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