- Bitdeer is reporting a 195% increase in the number of Bitcoins they are mining. So, this data is their year-to-year percentage increase.
- They are also reporting a 35% monthly increase in the Bitcoin mining rate.
Bitdeer is a Bitcoin mining company with the goal of changing how certain things work with BTC mining. So, they recently saw a massive surge in their Bitcoin mining for the year and monthly data. Brace up as we dive deep into the details.
Bitdeer: Bitcoin Mining Company Grows Grows By Nearly 200%
- Bitdeer Technologies Group is a Bitcoin mining company based in Singapore. So, according to their latest revelations, they mined about 482 Bitcoin within a period of one year. With this amount of Bitcoin, it was almost triple the number of Bitcoin for the last year.
- Furthermore, this represents about a 195% increase in the number of Bitcoins compared to last year’s. So, since this was for September, there was around a 35% increase in the monthly data. However, there are some reasons for this massive increase in mining capacity.
Reason for the Increase in Mining Capacity For this Bitcoin Mining Company
- According to reports, there were certain factors contributing to the massive increase in Bitdeer Bitcoin mining. So, the operational efficiency, strategic business focus, and the stable operations of its new Gedu mining data center in Bhutan are contributors. Having all these in place is helping this Bitcoin mining company to meet its goals. So, this Bitcoin mining company is also expanding its self-mining operations.
- According to their reports, their self-mining business experienced an impressive 25.8% increase in comparison to last month. So, they are also planning on maintaining its aggregate electrical capacity at a steady 895MW. This Bitcoin mining company is constructing a 175MW immersion cooling data center at its mining facility in Tydal, Norway. Now, one of the major questions here is the eco-friendliness of this Bitcoin mining company.
Is Bitdeer Green?
- Fortunately, Bitdeer is one of the Bitcoin mining companies pushing for the acceptance of green energy in BTC mining. So, we previously provided coverage of how BTC mining helps to make the ecosystem better. This company wants to change the Bitcoin mining industry, paving the way for sustainable and profitable mining operations. Hence, they created an eco-friendly Bitcoin mining private equity fund, the Bitdeer Green Bitcoin Fund (BGB).
- With the creation of this equity fund, other institutions can come together to create a better environment for Bitcoin mining. So, there’s a minimum investment requirement of $5 million to join this equity fund. Nevertheless, the primary thing is it helps make Bitcoin mining better.
Conclusion
Bitdeer is a Bitcoin mining company with the goal of changing many things within the BTC mining industry. So, their recent reports show they are having a close to 200% year-to-year increase in their Bitcoin mining. This Bitcoin mining company is also eco-friendly with the establishment of its Bitdeer Green Bitcoin Fund (BGB).
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The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
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