Bitcoin Mining Facility In Bhutan Is Set To Launch
Bitdeer Technologies Group has completed its state-of-the-art mining facility in Bhutan, with a significant portion of its mining machines already operational. Linghui Kong, CEO of Bitdeer, highlighted the company’s commitment to scaling its operations and the mining of 220 Bitcoins in July, a 41% increase year-over-year.
Key Points:
– Approximately 15,000 new mining machines arrived at the Gedu Datacenter in July, with around 11,000 already running stably.
– The newly-purchased mining machines are expected to contribute a hash rate of approximately 2.5 EH/s, representing 0.66% of the global hash rate.
– Bitdeer strategically expanded in Bhutan, leveraging the country’s abundant energy resources through a partnership with Druk Holding and Investments.
– The Bitdeer Green Bitcoin Fund aims to raise $80 million for its first-phase construction project, targeting a total hash rate of 20 EH/s.
– Bitdeer went public on Nasdaq in April and has experienced significant growth, with a total hash rate of 20.6 EH/s and 215,000 mining machines under management.
Hot Take:
The completion of Bitdeer’s mining facility in Bhutan solidifies its position as one of the biggest BTC miners. With its strategic partnerships and impressive growth in operations, Bitdeer is well-positioned to continue its success in the Bitcoin mining industry.
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