Bitdeer Announces July 2023 Operations Updates

Bitdeer Announces July 2023 Operations Updates

SINGAPORE, Aug. 08, 2023 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for the cryptocurrency mining community, today announced its unaudited mining and operations updates for July 2023.
Linghui Kong, Chief Executive Officer of Bitdeer, commented, “We made significant strides on both the operational and infrastructure fronts during July. Our total hash rate under management saw steady year-over-year and monthly growth as we successfully expanded both our self-owned and hosted mining machines under management, underscoring our commitment to scaling our operations. Importantly, we mined 220 Bitcoins through our self-mining business in July, a 41% year-over-year increase. At the same time, we continued to curtail the power usage at our mining datacenter in Texas to help stabilize Texas’ electric power grid in response to the state’s extreme heat this summer, through which we continued to gener

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