BITDEER(US:BTDR) Newsfilterยท2024-04-04 12:30Core Viewpoint - Bitdeer Technologies Group announced its operational updates for March 2024, highlighting a strategic plan to expand its self-mining hash rate and ongoing infrastructure developments to support long-term growth [1][7]. Operations Update - In March 2024, Bitdeer mined a total of 294 Bitcoins, marking a 2.4% increase from February 2024 and a 28.4% increase from March 2023 [4]. - The company's proprietary hash rate remained stable at 8.4 EH/s, with self-mining contributing 6.7 EH/s and cloud hash rate at 1.7 EH/s [2][3]. - The total hash rate under management increased to 22.5 EH/s in March 2024, up from 22.0 EH/s in February 2024 and 18.3 EH/s in March 2023 [3]. Infrastructure Update - Bitdeer is constructing a 500MW datacenter in Jigmeling, Bhutan, with operations expected to commence around mid-2025 [5]. - The company is also progressing on a 221MW datacenter in Ohio, USA, and a 175MW immersion cooling datacenter in Tydal, Norway, both expected to be completed by 2025 [5]. Manufacturing Update - By March 31, 2024, Bitdeer had committed orders for wafers from Taiwan Semiconductor Manufacturing Company, projected to generate approximately $60 million worth of mining machines [6]. Recent Developments - The company announced a plan to expand its self-mining hash rate by approximately 3.4 EH/s by the end of 2024, with installations of SEALMINER A1 miners planned for its datacenters in Texas and Norway [1][7]. - Bitdeer completed the deployment and testing of its NVIDIA DGX SuperPOD H100 system, becoming one of the first providers of this service in Asia [1][7].