Bitdeer (BTDR) Soars 14% as Bitcoin Mining Ops Jump in Aug

Company Performance - Bitdeer Technologies Group (NASDAQ:BTDR) experienced a share price increase of 14.46% on Friday, closing at $16.15, driven by strong performance in Bitcoin mining operations [1] - The company mined 375 new Bitcoins in August, representing a 33% increase from 282 Bitcoins mined in July [1] - Bitdeer’s self-mining hash rate rose to 30 EH/s in August, up from 22.3 EH/s in July [2] Future Outlook - Bitdeer Technologies is on track to reach a self-mining target of 40 EH/s by the end of October 2025, with plans to expand its SEALMINER fleet [3] - The Chief Business Officer, Matt Kong, indicated that the company aims to become one of the largest vertically integrated miners globally [3] Financial Management - Bitdeer is proactively managing its debt by redeeming $7.7 million worth of 8.5% convertible senior notes due in 2029, with payment scheduled for September 23, 2025 [4] - Noteholders have the option to convert their notes into shares, with a conversion rate adjustment due to the notes being called for cleanup redemption [5]