CryptoMediaClub
Sunday, July 27, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Bitdeer pushes crypto mining expansion with new Norway, Bhutan data centers

10.07.2023
A A
0
136
VIEWS
ShareShare

Bitcoin cloud mining and mining services company, Bitdeer Technologies Group, has released operational updates for June 2023, highlighting continued efforts to expand infrastructure and increase the managed hash rate.

Linghui Kong, Chief Executive Officer of Bitdeer, stated,

“During June, we pushed ahead with our efforts to augment and develop our business… We also made significant progress towards expanding our infrastructure by initiating construction of a 175MW immersion cooling datacenter at our Tydal mining facility in Norway, which is expected to be completed in 2025.“

Bitdeer’s operations span three core areas, delivering a broad spectrum of services in the cryptocurrency mining industry. These include self-mining, allowing the company to capture the high appreciation potential of cryptocurrency directly; hash rate sharing, which primarily consists of the company’s cloud hash rate, where it offers hash rate subscription plans and share mining income with customers; and hosting, which covers a one-stop mining machine hosting solution, including deployment, maintenance, and management services for effective and efficient cryptocurrency mining.

Operations report highlights

Kong elaborated on the company’s expansion plans, stating that its 100MW Gedu mining data center in Bhutan is set to commence operations in July, while another significant project involving the construction of a 175MW immersion cooling data center at the Tydal mining facility in Norway is underway, with completion expected in 2025.

Bitdeer’s aggregate electricity capacity remained steady at 795MW in June, and the total managing hash rate increased, reaching 18.8 EH/s. The company also initiated a share repurchase program of up to $1 million to add “additional shareholder value.”

Bitdeer also reported a slight improvement in its operations metrics. The total managed hash rate increased from 18.0 EH/s in May 2023 to 18.8 EH/s in June 2023. The number of driven mining machines also increased, reaching 199,000 in June from 191,000 in May.

According to the update, by the end of June 2023, approximately 10,000 mining machines, which included about 8,000 new units, had arrived at Bitdeer’s Gedu Datacenter. An additional 22,000 devices are reportedly in transit to the data center, which is expected to contribute an additional 100MW to the company’s aggregate electricity capacity upon its operation in July 2023.

The post Bitdeer pushes crypto mining expansion with new Norway, Bhutan data centers appeared first on CryptoSlate.

Share10Tweet7ShareSharePin2

Related Posts

Increased market volatility as the U.S.–Europe tariff deadline looms
Analysis

Increased market volatility as the U.S.–Europe tariff deadline looms

27.07.2025
0

As the August 1 deadline for a U.S.–Europe tariff deal approaches, talks between the Trump Administration and the European Union...

Read moreDetails
Bitcoin’s four-year cycle loses grip as maturing market reshapes dynamics

Bitcoin’s four-year cycle loses grip as maturing market reshapes dynamics

25.07.2025
Bitcoin price could retest $110k amid market cooling, analyst warns

Bitcoin price could retest $110k amid market cooling, analyst warns

25.07.2025
Ancient whale sells $1.7 billion Bitcoin via Galaxy as price dips to $115k

Ancient whale sells $1.7 billion Bitcoin via Galaxy as price dips to $115k

25.07.2025
MEXC finds that 67% of Gen Z crypto traders use AI tools, resulting in fewer panic sells

MEXC finds that 67% of Gen Z crypto traders use AI tools, resulting in fewer panic sells

25.07.2025
Load More
Next Post
2 Engineers in India Lose 43 Lakh INR ($52,054) to Crypto Fraud

2 Engineers in India Lose 43 Lakh INR ($52,054) to Crypto Fraud

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Julian Assange campaign to hold metaverse political rally against extradition

Julian Assange campaign to hold metaverse political rally against extradition

2 years ago
Core Scientific to Deliver Additional 112 MW of HPC Infrastructure for CoreWeave

Core Scientific to Deliver Additional 112 MW of HPC Infrastructure for CoreWeave

12 months ago
Cryptocurrency Crisis of the Week: Virtual Market Turmoil Unleashed

Cryptocurrency Crisis of the Week: Virtual Market Turmoil Unleashed

2 years ago
U.S. Judge Slams FDIC for Redacting Crypto ‘Pause Letters’ in Coinbase-Backed FOIA Lawsuit

U.S. Judge Slams FDIC for Redacting Crypto ‘Pause Letters’ in Coinbase-Backed FOIA Lawsuit

8 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Increased market volatility as the U.S.–Europe tariff deadline looms

What if Strategy Had Invested in XRP Instead of Bitcoin? 

Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

After the Passage of the Genius Act, ALL4 Mining and XRP Will Help Investors Open a New Chapter in Mining Income

Bitcoin Price Prediction: All Eyes on This Descending Triangle Chart Pattern – 100% Move Coming?

Trending

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains
All news

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

27.07.2025
0

Solana’s price continues to consolidate around the $185 level, following its successful breach of a critical resistance...

Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

27.07.2025
Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

27.07.2025
Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

27.07.2025
Increased market volatility as the U.S.–Europe tariff deadline looms

Increased market volatility as the U.S.–Europe tariff deadline looms

27.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz