News with the tag "bitdeer"

Tether, the issuer of the USDT stablecoin, increased its holdings in bitcoin (BTC) miner Bitdeer (BTDR), building on a investment it started almost a year ago. The company financed the acquisition with working capital and now owns 21% of the company, according to a Securities and Exchange Commission...

In the ever-evolving world of cryptocurrency mining, efficiency and power are paramount. For those deeply invested in the Bitcoin network and the pursuit of digital gold, the tools of the trade are constantly being refined and upgraded. Enter Bitdeer, a prominent player in the Bitcoin cloud mining s...

Bitdeer Technologies (BTDR) said it bought 50 bitcoin (BTC), taking the opportunity to build its stash as the price of the largest cryptocurrency looked set for its worst month since June 2022 . In a tweet, the bitcoin mining company said it paid an average of $81,475 per bitcoin. This purchase take...

Despite the ongoing market downturn, Bitdeer, a prominent cryptocurrency mining company, has invested $4 million in Bitcoin. In a tweet posted on February 28, the Singapore-based firm announced the purchase of 50 BTC at an average price of $81,475 per Bitcoin. Today, we acquired 50 more #BTC at a pr...

Bitdeer’s shares rose 0.6% after hours as the crypto miner invested $4 million in Bitcoin despite falling prices. Cryptocurrency mining firm Bitdeer has acquired millions in Bitcoin ( BTC ) as the cryptocurrency keeps trading lower from its all-time high which was set in late January. In an X post o...

Hold onto your hats, crypto enthusiasts! The latest financial report from Bitcoin mining giant BitDeer has dropped, and it’s sending shockwaves through the digital currency world. Buckle up as we dissect BitDeer’s colossal net loss of $532 million in the fourth quarter of 2024. This isn’t just a min...

Bitdeer Technologies Group (BTDR) said its fourth-quarter net loss widened to $531.9 million from $5 million in the year-earlier quarter. The Singapore-based bitcoin (BTC) mining company attributed the expenses to strategic investments in developing its proprietary ASIC mining rigs. “While our focus...

Bitdeer has made a step toward becoming a fully integrated Bitcoin mining company with a recent $21 million land acquisition in Canada. The company revealed on Tuesday that it has obtained a fully licensed power project on a 19-acre site near Fox Creek, Alberta, from Kiwetinohk Energy. Costs and Dea...

Singapore-based crypto mining firm Bitdeer has made a strategic move to bolster its global operations, acquiring a 101-megawatt site and gas-fired power project in Alberta, Canada. The acquisition is part of Bitdeer’s plan to become the world’s first fully vertically integrated Bitcoin miner. By tak...

Bitcoin (BTC) mining company Bitdeer announced today that it had acquired a 101-MW gas-fired power plant near Fox Creek, Alberta, to build a "vertically integrated" BTC mining operation. “We are really excited about planting roots in Alberta, our first site in Canada. This acquisition is the culmina...