
Bitdeer Makes Big Mining Move with $240M Bet on TSMC Chips
Bitdeer is advancing its mining operations with a bet on high-powered TSMC chips.
Bitdeer is advancing its mining operations with a bet on high-powered TSMC chips.
Investment bank KBW initiated a “buy” rating for Bitcoin mining firms Bitdeer Technologies (BTDR), CleanSpark (CLSK), and Core Scientific (CORZ).
The SEAL04 chip is planned for release in Q2 of 2025. This chip aims to achieve a breakthrough energy efficiency of 5J/TH.
During the pre-market trading, the shares of Bitdeer rose more than 10%, priced at $6.44. The movement of shares indicates the impact that the digital asset sector has on the traditional finance industry.
As per the filing with the US Securities and Exchange Commission (SEC), Bitdeer is seeking four more three-month extensions for its SPAC merger.
According to the report, Bitdeer Technologies, owned by Wu, will contribute $50 million to the $250 million fund.
Bitdeer owner and Bitmain cofounder Jihan Wu purchased Le Freeport at a large discount discount to expand into physical assets.
Jihan Wu has seen the good and bad times in the digital currency industry and he believes even if 95% of projects fail, the remaining 5% will be worth so much to cover all forms of losses whatsoever.
Blockchain Daily released the ranking list for the best cloud mining platforms in 2021.
The enlistment of Filecoin is centered on the revolutionary approach of the platform in offering decentralized cloud storage service.
With services spanning reliable mining machine sharing, compliant global mining infrastructure, and efficiency-boosting smart mining service, Bitdeer Group is a leader in the crypto space.