Bitdeer Announces Massive 100MW Gedu Datacenter Partnership With Bhutan

Key Points:

• Bitdeer Technologies Group mined 283 Bitcoins in May through its self-mining business, while maintaining stable operations and a total managing hash rate of 18.0 EH/s.
• The company primarily operates three distinct business lines: self-mining, hash rate sharing, and hosting, providing comprehensive digital asset mining solutions for its customers.

Bitdeer announced the 100MW Gedu mining datacenter, in cooperation with the Bhutanese government, is expected to be delivered in July 2023. Bitdeer mined 283 Bitcoins in May through its self-mining business. There are 129,000 mining machines for its hosting business.

Bitdeer Technologies Group, a world-leading technology company for the cryptocurrency mining community, has announced its unaudited mining and operations updates for May 2023. The company’s total managing hash rate held steady at 18.0 EH/s, and its aggregate electricity capacity remained at 795MW. The deployed fleet comprised approximately 191,000 ASIC mining machines, including 62,000 of the company’s own mining machines for its self-mining business and Cloud Hash Rate business and approximately 129,000 mining machines for the company’s hosting business. The company mined 283 Bitcoins in May through its self-mining business.

The company primarily operates three distinct business lines. Self-mining refers to cryptocurrency mining for the company’s own account, which allows it to capture the high appreciation potential of cryptocurrency directly. Hash Rate Sharing currently primarily includes Cloud Hash Rate, in which the company offers hash rate subscription plans and shares mining income with customers under certain arrangements. Hosting encompasses a one-stop mining machine hosting solution, including deployment, maintenance, and management services for efficient cryptocurrency mining.

Bitdeer’s Gedu mining datacenter in Bhutan is expected to be delivered in July 2023. Once in use, the Gedu datacenter will be the company’s first datacenter in Asia and will contribute an additional 100MW to the company’s aggregate electricity capacity. This will support the operation of 30,000 mining machines which will supply another 3.3 EH/s to the company’s proprietary hash rate. The datacenter will operate at carbon neutrality as a result of Bhutan’s extensive hydroelectric power generation.

Bitdeer focuses on providing comprehensive digital asset mining solutions for its customers. The company handles complex processes involved in mining, such as miner procurement, transport logistics, mining datacenter design and construction, mining machine management, and daily operations. Bitdeer has mining datacenters deployed in the United States and Norway.

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