what's Bitdeer Technologies Group?
Bitdeer Technologies Group is a leading cryptocurrency mining company headquartered in Singapore, specializing in Bitcoin mining services, cloud hashing power, and high-performance computing solutions. Founded in 2018 as a spin-off from Bitmain, it provides proprietary mining hardware like the SEALMINER series and operates large-scale data centers across regions including the United States, Europe, Bhutan, and Ethiopia. The company focuses on efficient, sustainable mining operations powered by renewable energy sources and has expanded into AI infrastructure to leverage its computing expertise. Bitdeer's platform allows users to access mining without owning hardware through cloud-based services, where participants can rent hashrate for Bitcoin production. It emphasizes proprietary technology for low-energy ASIC miners, aiming to optimize performance and reduce costs in the competitive mining landscape. The firm also engages in hardware manufacturing and strategic partnerships to support the broader blockchain ecosystem. As a publicly traded entity on Nasdaq, Bitdeer continues to innovate in the intersection of cryptocurrency mining and emerging technologies like AI, positioning itself as a key player in decentralized computing infrastructure.
Bitdeer became the largest bitcoin miner by total capacity, surpassing MARA.
Became the largest bitcoin miner by total capacity, overtaking MARA.
Tether makes additional investment in BTDR, described as "reupping its BTDR investment" in mining industry podcast discussion.
Company dumps 385.6 BTC totaling roughly $34.7 million in Bitcoin holdings.
Announces $400M convertible notes offering creating 13-14% dilution while Tether exits position, accompanied by facility fire with minimal damage and construction site delays.
CEO confirms fire at 221 MW Massilon, Ohio facility damages 2 buildings with contained impact that primarily delays the planned 21MW expansion, while all personnel remain safe.
Tether sells 7.7 million shares for $166 million gross earnings through multiple tranches between September and October 2025 at prices ranging from $16 to $27 per share.
Company tripled its self-mining capacity during October.
Shares drop 20% following Q3 earnings report showing $266M net loss due to non-cash losses from convertible debt revaluation, despite 174% revenue growth.
Third-quarter revenue totals $169.7 million, representing 173% year-over-year growth.
Stock price declines -9.5% in sector-wide bitcoin mining selloff extending last week's decline, though outperforms most competitors which experienced losses ranging from -12.7% to -27.1%.
Benchmark issues coverage noting in-house AI expansion improves margins and speeds revenue timeline.
Bitdeer increases Bitcoin holdings to 2,126.8 BTC on its balance sheet.
Stock experiences strong price performance alongside broader mining sector rally as market responds to AI/HPC positioning.
Company targets 40 EH/s self-mining hashrate by October end and secures utility clearance for 570 MW Ohio HPC/AI facility available by Q3 2026 end, with SEALMINER A2 production reaching 34.2 EH/s and 2.8 EH/s in final assembly.
Market valuation at $3M per MW trades at discount to $8M per MW data center benchmark from BlackRock/Nvidia $40B acquisition, with 150-500% upside potential through project finance access.
Drops partner LOI to pivot to direct-build AI data center model; expands pipeline to 3 GW including 300 MW Niles, OH facility with $2B ARR guidance by end-'26, while self-mining hashrate grows 20% m/m to 35 EH/s and SEAL04 chips tape out at sub-10 J/TH.
US governors threaten to pull out of PJM Interconnection grid due to volatile pricing, potentially forcing operational changes for mining operations in the region.
New SEALMINER A3 rigs launched with mass production starting this month, featuring 660 TH/s performance matching Bitmain's S21 XP, while developing A4 rigs targeting ~5 J/TH efficiency.
Company announces redemption of all $7.7M convertible notes due 2029, scheduled for September 23rd with noteholders having conversion option until September 19th, to be settled in Class A shares at 100% principal plus accrued interest.
Holdings increase by approximately 217 BTC to reach 1,934.9 BTC total, with current weekly mining production at 100.6 BTC.
Partnership with Nvidia established; aggressive expansion targets 2.5 GW capacity by Q1 2026 with majority allocated to HPC and data centers.
Mining revenue reaches $59.3 million, marking 43% year-over-year growth from $41.6 million in the previous year.
Q2 revenue surges 121% to $155.6M despite widening losses; enters AI hosting talks with 40 EH/s mining goal.
Holdings increase by 42.2 BTC to reach new high of 1,718.1 BTC total.
Monthly BTC production surges to record 650 BTC in July, marking 220% increase from June levels.
Holdings increase by 38 BTC to reach 1,675.9 BTC total.
Tether announces investment position, adding major institutional backing to existing venture capital support.
Monthly BTC production reaches 203 in June as mining hashrate climbs 21% to 16.5 EH/s. Added to Russell 2000 and 3000 indices.
Weekly mining production reaches 57 BTC with total holdings at 1,527.5 BTC
$330M convertible bond issuance priced with 2031 maturity, marking third such raise in under 12 months.
$50M raised from Tether warrant exercise while launching AI cloud service with 10+ LLMs, demonstrating successful execution of AI pivot strategy.
Q1 2025 prepayments to TSMC for Seal Miner production reach $335.1M, indicating significant production scaling.
Major crypto ETF $BITQ ($200M+ AUM) holds 5.10% position in $BTDR as sixth-largest holding.
Q1 mining revenue falls 41% YoY while net income increases from derivative gains success.
Major 570MW mining facility in Ohio gains UBS recognition as significant natural gas demand driver.
Matrix Finance extends $200M credit facility to affiliated Bitcoin mining operation under common ownership.
Mining production share continues to decline since July 2023 while competitors MARA, CLSK, and RIOT gain market share.
U.S.-based mining hardware manufacturing planned for late 2025, with focus on self-mining operations using in-house equipment.
Mining operation expanding to US production in H2 2023, leveraging tariff suspension to relocate machines from Southeast Asia.
Demand weakness triggers wafer capacity disclosure halt and AI pivot strategy, alongside new 50MW Ethiopia power agreement at $0.036/kWh.
Tether increases ownership stake to 22.8% from 21% according to SEC filing.
Pre-order campaign for SEALMINER A2 Pro Hyd launches April 1-3, 2025, offering 2,000 units at $15.5/T with 530TH/s hashrate.