Bitcoin
BTC$109,866.51 mining firm Bitdeer (BTDR) increased its self-mining capacity and expanded its international operations in May, according to the company’s monthly update.
The Singapore-based firm mined 196 BTC last month — up 18% from April — as it pushed forward the deployment of its SEALMINER A2 rigs across data centers in the U.S., Norway, and Bhutan.
The company’s proprietary hashrate now sits at 13.6 exahashes per second (EH/s), thanks to the energization of 3.9 EH/s worth of SEALMINER A1 machines and the ongoing rollout of the A2 line.
Bitdeer also shipped 1.6 EH/s of SEALMINER A2 units to external customers during the month, signaling growing adoption of its mining hardware.
The firm’s infrastructure buildouts are also gaining pace. In Norway, 70 megawatts (MW) of a planned 175 MW expansion at Tydal are already online, with the remaining 105 MW expected to be energized by the end of June.
In Bhutan, the Jigmeling site has begun energization, with plans to bring an additional 368 MW online for a total of 500 MW. A 221 MW facility in Massillon, Ohio, remains on track for phased completion through the second half of the year.
The company’s reach is extending into new markets. Bitdeer is preparing a 50 MW site in Ethiopia with support from a local partner and has secured a fully licensed property in Alberta, Canada, where it will build a natural gas power plant to support mining operations.
In May, Tether exercised warrants from a previous financing round, providing Bitdeer with $50 million in cash in exchange for over 5 million shares. Looking ahead, Bitdeer says it remains on track to reach 40 EH/s in self-mining capacity by October.
