Bitdeer Technologies Group

Bitdeer Technologies Group is a bitcoin mining company headquartered in Singapore. It was founded by Jihan Wu, a prominent figure in the cryptocurrency industry and former chairman of Bitmain. Bitdeer focuses on bitcoin mining and has expanded its operations to include data centers in the United States, Norway, Bhutan, and potentially other regions like North America, North Europe, Central Asia, and Southeast Asia.

Bitdeer has been actively expanding its mining capabilities and infrastructure. The company recently reported significant revenue growth in its bitcoin mining division, with a notable increase in revenue for the second quarter compared to the previous year. Bitdeer is also involved in developing new mining technologies, such as the SEALMINER chips, to enhance mining efficiency and reduce operational costs.

In addition to its core mining activities, Bitdeer is exploring opportunities in artificial intelligence (AI) and high-performance computing (HPC), engaging with development partners and potential end users to expand its infrastructure for these fields. The company has also secured significant financial backing from Tether, which acquired a substantial equity stake in Bitdeer.

Bitdeer is publicly traded on Nasdaq under the ticker BTDR and has been involved in various capital-raising efforts, including convertible note offerings, to fund its expansion and operational activities. The company aims to achieve a self-mining hashrate of 40 EH/s by October 2025, reflecting its ambitions to grow its mining operations significantly.