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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Bitdeer Technologies Group | NASDAQ:BTDR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.10 | -0.54% | 18.48 | 18.39 | 18.50 | 18.79 | 16.89 | 18.0334 | 9,511,512 | 01:00:00 |
Operational Update
Management Commentary
“2025 is poised to be a transformative year for Bitdeer, marked by many exciting milestones,” stated Linghui Kong, Chief Business Officer of Bitdeer. “With the mass production of our SEALMINER A1 and A2 well underway, we are set to significantly expand our self-mining hashrate and commence miner sales to third party customers. Looking ahead, the planned releases of SEALMINER A3 and A4 in 2025 further strengthen our position to become an industry leading supplier in the multi-billion dollar ASICs market. Further, we are on track to energize over 1.1 GW of our 2.5 GW power portfolio over the next twelve months. Sustaining this momentum across multiple initiatives is a testament to our team’s dedication and belief in our mission. As we move into 2025, we are eager to solidify Bitdeer’s position as a leader in the crypto industry as well as the broader technology sector.”
Production and Operations Summary
Metrics | Dec 2024 | Nov 2024 | Dec 2023 |
Total hash rate under management1 (EH/s) | 21.6 | 20.7 | 21.0 |
- Proprietary hash rate | 8.9 | 8.8 | 8.4 |
• Self-mining | 8.5 | 8.2 | 6.7 |
• Cloud Hash Rate | 0.0 | 0.2 | 1.7 |
• Delivered but not hashing | 0.4 | 0.4 | - |
- Hosting | 12.7 | 11.9 | 12.6 |
Mining machines under management | 175,000 | 178,000 | 215,000 |
- Self-owned2 | 85,000 | 86,000 | 86,000 |
- Hosted | 90,000 | 92,000 | 129,000 |
Bitcoins mined (self-mining only) | 145 | 150 | 434 |
Bitcoins held3 | 594 | 443 | 43 |
1 Total hash rate under management as of December 31, 2024 across the Company’s three primary business lines: Self-mining, Cloud Hash Rate, and Hosting.
2 Self-owned mining machines are for the Company’s self-mining business and Cloud Hash Rate business.3 Bitcoins held do not include the Bitcoins from deposits of the customers.
Infrastructure Construction Update
Rockdale, Texas – 100 MW Hydro-cooling conversion to be energized in phases in Q1 2025:
Tydal, Norway – 175 MW site expansion anticipated to be fully energized by mid-2025:
Massillon, Ohio – 221 MW site construction has begun ahead of schedule:
Jigmeling, Bhutan – 500 MW site is progressing well, with the following key milestones achieved:
Site / Location | Capacity (MW) | Status | Timing4 |
Electrical capacity | |||
- Rockdale, Texas | 563 | Online | Completed |
- Knoxville, Tennessee | 86 | Online | Completed |
- Wenatchee, Washington | 13 | Online | Completed |
- Molde, Norway | 84 | Online | Completed |
- Tydal, Norway | 50 | Online | Completed |
- Gedu, Bhutan | 100 | Online | Completed |
Total electrical capacity | 8955 | ||
Pipeline capacity | |||
- Tydal, Norway Phase 1 | 40 | In progress | Pending Regulatory Approval |
- Tydal, Norway Phase 2 | 135 | In progress | Mid 2025 |
- Massillon, Ohio | 221 | In progress | Mid-to-late 2025 |
- Clarington, Ohio Phase 1 | 266 | In progress | Q3 2025 |
- Clarington, Ohio Phase 2 | 304 | Pending approval | Estimate 2026 |
- Jigmeling, Bhutan | 500 | In progress | Mid-to-late 2025 |
- Rockdale, Texas | 179 | In planning | Estimate 2026 |
Total pipeline capacity | 1,645 | ||
Total global electrical capacity | 2,540 |
4 Indicative timing. All timing references are to calendar quarters and years.5 Figures may not add up due to rounding.
Upcoming Conferences and Events
About Bitdeer Technologies Group
Bitdeer is a world-leading technology company for blockchain and high-performance computing. Bitdeer is committed to providing comprehensive computing solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, visit https://ir.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.
Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on the social media and other communication channels listed on its website.
Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.
For investor and media inquiries, please contact:
Investor RelationsOrange GroupYujia ZhaibitdeerIR@orangegroupadvisors.com
Public RelationsBlocksBridge ConsultingNishant Sharmabitdeer@blocksbridge.com
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