Bitdeer Secures $50M From Tether: What This Means for Global Mining

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Bitdeer secures $50M from Tether, abstract digital currency flow.

Bitdeer’s Expanding Horizons: A $50M Boost from Tether

In a significant move for the cryptocurrency mining industry, Bitdeer Technologies has secured $50 million from Tether, propelling its ambition to reach a hashrate of 40 EH/s by October. This investment comes at a time when Bitdeer has seen remarkable growth, with a monthly mining output of 196 BTC in May, which is an impressive 18.1% increase.

Innovative Mining Solutions Through SEALMINER

The company’s self-mining hashrate surged to 13.6 EH/s, thanks in large part to the deployment of their state-of-the-art SEALMINER A1 and A2 rigs. Notably, they manufactured an impressive 9.0 EH/s worth of these machines while successfully selling and delivering 1.6 EH/s just in May. This rapid deployment not only emphasizes their growth but also their commitment to advancing mining technology.

Global Expansion Initiatives

Bitdeer is not just focused on increasing its mining output; it is also broadening its global footprint. New mining sites have been established in various countries, including Norway, Bhutan, the United States, Canada, and Ethiopia. This diversity not only strengthens their operational base but also harnesses different resources available in these regions.

AI Cloud Service Launch

In a bold step towards integrating technology with cryptocurrency mining, Bitdeer has launched an AI Cloud service featuring over ten large language models. This innovative approach reflects a growing trend in the industry to utilize technology for operational efficiency and smarter decision-making.

Looking Ahead: The Future of Mining

As Bitdeer moves closer to its ambitious goals, mining enthusiasts and investors alike are keenly watching. The company is set to test its new SEALMINER A3 units, with the A4 chips expected to hit the market by Q4 2025. With these advancements, Bitdeer represents the exciting potential of the cryptocurrency sector!

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