What's Happening?
Bitdeer Technologies Group, a leading technology company in Bitcoin mining, has announced a significant increase in its self-mining hashrate by 35% to 22.3 EH/s as of July 2025. This growth is attributed to the continued deployment of SEALMINERs, with 159 MW of power energized in Bhutan and Norway, and the completion of a hydro-cooling conversion in Rockdale, Texas. The company reported mining 282 Bitcoins in July, marking a 39% increase from the previous month. Bitdeer is also advancing its mining rig manufacturing, with SEALMINER A1 and A2 models contributing to the increased hashrate. The company is preparing for the mass production of SEALMINER A3 and is developing the next-generation SEAL04 architecture, aiming for a chip efficiency of approximately 5 J/TH.
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Why It's Important?
The expansion of Bitdeer's mining capacity underscores the growing demand and competition in the cryptocurrency mining industry. By increasing its hashrate, Bitdeer enhances its ability to mine more Bitcoins, potentially increasing its revenue and market share. This development is significant for the U.S. economy as it highlights the country's role in the global cryptocurrency mining landscape. The advancements in mining technology and infrastructure, such as the hydro-cooling systems, also reflect the industry's push towards more efficient and sustainable operations. Stakeholders, including investors and technology partners, stand to benefit from Bitdeer's growth and innovation in the sector.
What's Next?
Bitdeer plans to continue expanding its mining operations, with a target to reach a hashrate of 40 EH/s by October 2025. The company is also in advanced negotiations for a development partnership at its Clarington, Ohio site, which could further enhance its capabilities in high-performance computing and AI. Additionally, Bitdeer is working on energizing additional capacity in Norway and Bhutan, with plans to complete these projects by the end of Q3 2025. The successful launch of the SEALMINER A3 and the development of the SEAL04 architecture are expected to further boost Bitdeer's competitive edge in the market.
