Bitdeer Technologies Group Unveils March 2025 Operations Update

Key Highlights from Bitdeer Technologies Group

Bitdeer Technologies Group (NASDAQ: BTDR) recently made significant strides in its operations throughout March. The company has completed mass production of its SEALMINER A1 mining rigs, achieving an energization of 2.8 EH/s, marking a remarkable increase in its mining capacity.

Production and Operational Details

Self-mined Bitcoin Growth

For March, Bitdeer successfully mined 114 Bitcoins. This achievement showcases a solid commitment to enhancing its self-mining capabilities.

SEALMINER A1 Production Update

The SEALMINER A1 production reached approximately 3.8 EH/s, with 2.8 EH/s currently energized. The remaining 0.6 EH/s will soon be deployed, underscoring Bitdeer's effective production strategies aimed at meeting growing demands.

Introduction of SEALMINER A2 and A2 Pro Series

Continuing to innovate, Bitdeer has launched its SEALMINER A2 and A2 Pro series, which boast high-efficiency metrics—up to 270 TH/s in the A2 Pro Air version and 530 TH/s in the A2 Pro Hyd model. These models reflect Bitdeer's focus on enhanced performance and energy efficiency.

Research and Development Efforts

Progress on SEALMINER A3 and A4

In the R&D domain, the SEALMINER A3 has achieved a chip efficiency of 9.7 J/TH during testing. Meanwhile, the SEALMINER A4 is on track for a chip efficiency target of approximately 5 J/TH with initial tape-outs planned for Q4.

HPC/AI Development Strategy

Bitdeer has formally appointed Northland Capital Markets as its financial advisor to enhance its HPC/AI data center development strategy. This partnership aims to connect Bitdeer with potential partners for large-scale projects and ensure efficient capital acquisition for future developments.

Infrastructure Developments

New Sites and Regulatory Approval

Bitdeer has secured regulatory approval for its Tydal site in Norway, with an anticipated total capacity of 175 MW. The commissioning of 70 MW is set for early April, followed by the rest by mid-2025. Additionally, major progress has been made in Rockdale, Texas, with 1.4 EH/s energized in a hydro-cooling setup.

Collaboration in Ethiopia

The company's recent expansion into the Oromia Region of Ethiopia involves a $7.5 million investment for a 50 MW mining facility. This project includes essential agreements for local energy supply and marks Bitdeer's commitment to exploring new markets.

Management Insights

Matt Kong, Chief Business Officer at Bitdeer, highlighted the achievements of March 2025, emphasizing the successful ramp-up in production and the strategic alignment with Northland Capital Markets. With these initiatives, Bitdeer aims to enhance its competitive edge in the Bitcoin mining industry.

Frequently Asked Questions

What is Bitdeer Technologies Group's primary business focus?

Bitdeer is centered on Bitcoin mining, offering comprehensive solutions that include equipment procurement, datacenter design, and advanced cloud capabilities for customers.

How many Bitcoins did Bitdeer mine in March 2025?

In March 2025, Bitdeer successfully mined a total of 114 Bitcoins.

What are the specifications of the SEALMINER A2 Pro series?

The SEALMINER A2 Pro series offers high efficiency, reaching up to 270 TH/s in the air-cooled model and 530 TH/s in the hydro-cooled version, designed to maximize performance.

What infrastructure projects is Bitdeer currently developing?

Bitdeer is developing several projects, including the Tydal site in Norway and a 50 MW facility in Ethiopia, expanding its global presence and operational capabilities.

Who has Bitdeer engaged to assist with its financial strategies?

Bitdeer has engaged Northland Capital Markets as its financial advisor to aid in its HPC/AI data center development strategy and negotiations with potential partners.

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