HomeBTC UpdatesBitdeer Reveals Plans for June 2024 Production and Operations in Latest Crypto...

Bitdeer Reveals Plans for June 2024 Production and Operations in Latest Crypto News BTC Update

Published on


Bitdeer Technologies Group Announces Mining and Operations Updates for June 2024

Bitdeer Technologies Group, a global leader in blockchain and high-performance computing, has announced significant updates in its mining and operations for June 2024. The company has expanded its global contracted power capacity to 2.5 GW and has made progress in ASIC development, with the completion of the SEAL02 chip targeting 14 J/TH efficiency.

In addition to mining 179 Bitcoin in June, Bitdeer has also commenced the conversion of 100 MW at its Rockdale, Texas site to hydro-cooling. The company’s AI cloud services powered by NVIDIA DGX SuperPOD with H100 system have shown strong demand, crossing 75% utilization during the month.

Linghui Kong, Chief Business Officer of Bitdeer, highlighted the company’s achievements, stating, “We entered into a 30-year lease agreement with Monroe County Port Authority for 570 MW of ready-to-use power infrastructure, positioning us with one of the industry’s largest power development platforms. This deal enhances our operational and strategic flexibility and supports our ambitious growth targets in Bitcoin mining and HPC and AI.”

Bitdeer has also energized the first batch of Sealminers into its data centers for testing and is on track to deploy 3.4 EH/s of its own ASIC technology by the fourth quarter of 2024. The company aims to bring its total proprietary hash rate to 11.8 EH/s by the end of the year.

With upcoming conferences and events scheduled, including The CEO Summit Investment Conference in San Francisco and Bitcoin Nashville, Bitdeer continues to make strides in the blockchain and high-performance computing industry. Investors and media are encouraged to stay updated on Bitdeer’s progress through its website and social media channels.

Latest articles

July 2024’s Most Significant Crypto Forecasts

Major Developments Impacting the Crypto Market in July: Bitcoin, Ethereum ETFs, and NFTs In...

Potential Increase in Net Flows to $15 Billion Expected After Launch – Crypto News BTC

Spot Ethereum ETFs Forecasted to Launch on July 2nd, 2024: $15 Billion Internet...

Davido’s Controversial forays into personal finance

Davido's Ventures into Personal Finance and Investments: A Closer Look Nigerian superstar Davido's recent...

Coinbase’s Latest CFTC Filing Gives Shiba Inu a Significant Boost

Coinbase To Add Shiba Inu To Futures Derivatives Contracts Coinbase, America's largest crypto exchange,...

More like this

July 2024’s Most Significant Crypto Forecasts

Major Developments Impacting the Crypto Market in July: Bitcoin, Ethereum ETFs, and NFTs In...

Potential Increase in Net Flows to $15 Billion Expected After Launch – Crypto News BTC

Spot Ethereum ETFs Forecasted to Launch on July 2nd, 2024: $15 Billion Internet...

Davido’s Controversial forays into personal finance

Davido's Ventures into Personal Finance and Investments: A Closer Look Nigerian superstar Davido's recent...
bitcoin
Bitcoin (BTC) $ 97,185.04
ethereum
Ethereum (ETH) $ 2,715.17
xrp
XRP (XRP) $ 2.75
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 673.72
solana
Solana (SOL) $ 199.92
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.272081
cardano
Cardano (ADA) $ 0.819221
staked-ether
Lido Staked Ether (STETH) $ 2,712.58