From Investing.com:

Bitdeer Technologies Group (NASDAQ: BTDR) announced a 64% year-over-year increase in mining for February 2024, with a total of 287 mined. The overall hash rate under management reached 22 EH/s, despite a seasonal dip in production. The company is testing its new 4nm SEAL01 Bitcoin mining chip for efficiency gains and cost advantages.

Infrastructure developments include land preparation for a 221MW datacenter in Ohio and construction of a 175MW immersion cooling datacenter in Norway, both set for completion in 2025. Bitdeer operates in self-mining, hash rate sharing, and hosting, with an 8.4 EH/s hash rate, 222,000 mining machines, and 895MW electrical capacity across six datacenters.

Investors are monitoring Bitdeer’s financial health and market performance as the company expands mining operations. With more cash than debt, analysts predict profitability in 2024 despite challenges. The company’s market cap is around $733.14 million, with a negative P/E ratio but growing revenue. Investors can access detailed analysis and insights through InvestingPro to inform their decisions.



Read more at Investing.com: Bitdeer reports 64% YOY increase in Bitcoin mined By Investing.com