Bitdeer Technologies Group Reports Unaudited Mining and Operations Updates for July 2024

Strategic Insights -

Bitdeer Technologies Group, a world-leading technology company for blockchain and high-performance computing, has announced its unaudited mining and operations updates for July 2024. The company has made significant progress in its strategic initiatives in Bitcoin mining and HPC/AI, with various projects and expansions on track to meet their energization timelines.

Key Takeaways:

  • Bitdeer mined 181 Bitcoins in July 2024, representing a significant increase in self-mining operations.
  • The company's R&D efforts for SEAL01 chips and SEALMINER A1 series mining rigs are on track for mass production, with Taiwan Semiconductor Manufacturing Company's (TSMC) delivery of SEAL02 initial tape-out wafers expected in late September 2024.
  • The HPC/AI business unit has achieved 100% utilization of AI cloud services powered by NVIDIA DGX SuperPODs with H100 systems in July 2024.
  • Bitdeer has engaged TLM Group, a leading consultant in HPC/AI datacenter engineering and construction, to conduct a comprehensive due diligence on all of its sites worldwide and advise on a global HPC/AI strategy.
  • The company's mining datacenter in Rockdale, Texas, is being upgraded to hydro cooling, with an expected completion date in Q4 2024.
  • Bitdeer is planning to deploy 3.4 EH/s of first-generation SEALMINERs into Texas, U.S.A. and Tydal, Norway sites in Q4 2024, bringing its total proprietary hash rate to 11.8 EH/s.
  • The company's Taiwan Semiconductor Manufacturing Company (TSMC) has confirmed the initial tape-out wafers for SEAL02, with mass production expected to commence by the end of 2024, pending successful testing.

Statistics:

  • Total hash rate under management: 21.2 EH/s (21.2 EH/s in July 2024, 22.3 EH/s in June 2024, and 20.6 EH/s in July 2023)
  • Proprietary hash rate: 8.6 EH/s (8.6 EH/s in July 2024, 8.5 EH/s in June 2024, and 7.9 EH/s in July 2023)
  • Cloud Hash Rate: 1.11 EH/s (1.11 EH/s in July 2024, 1.21 EH/s in June 2024, and 1.6 EH/s in July 2023)
  • Bitcoin mined (self-mining only): 181 (181 in July 2024, 179 in June 2024, and 220 in July 2023)
  • Self-mining hash rate: 7.5 EH/s (7.5 EH/s in July 2024, 7.3 EH/s in June 2024, and 3.8 EH/s in July 2023)
  • Cloud Hash Rate hash rate: 1.11 EH/s (1.11 EH/s in July 2024, 1.21 EH/s in June 2024, and 1.6 EH/s in July 2023)
  • Total contracted capacity: 2,540 MW (2,540 MW in July 2024, 2,450 MW in June 2024, and 2,100 MW in July 2023)

Sources:

  • Bitdeer Technologies Group (Press Release, August 2024) - https://ir.bitdeer.com/
  • GlobeNewswire (August 2024) - https://www.globenewswire.com/en/press-release/bitdeer-technologies-group-reports-unaudited-mining-and-operations-updates-for-july-2024-2024-05-22