Bitdeer Technologies Group announced its unaudited mining and operations updates for November 2024, highlighting strong market interest in its SEALMINER A2 mining rigs. The initial plan to sell approximately 30,000 units to external customers has been fully reserved, indicating robust demand for its cutting-edge technology and a diversified supply chain.
In response to this demand, Bitdeer increased its SEALMINER A2 production target through Q3 2025 to 35 EH/s, up from the previous 18 EH/s, based on secured wafer capacity. This expansion significantly boosts the company's ability to scale its self-mining hashrate and increase sales inventory.
The company also confirmed the closing of its US$400 million convertible note offering in November, with net proceeds earmarked for datacenter expansion, ASIC-based mining rig development and manufacture, and general corporate purposes. Bitdeer self-mined 150 Bitcoin in November and remains on track to bring 1.1 GW of new power capacity online in 2025, including progress on its Tydal, Norway, and Rockdale, Texas, sites.
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