The Bitcoin mining company Bitdeer secured loans of $ 60 million to extend its Bitcoin ASIC production efforts, because the global mining competition in the course of record-Network Hashraten is intensified.
According to his annual report, Bitdeer closed a loan agreement with the partner company Matrixport, a crypto finance service company founded by Bitdeer's chairman Jihan Wu.
The system offers as much as 200 million US dollars supported by Bitdeers Sealminer hardware with a floating rate of interest of 9% plus market benchmarks. By April 21, Bitdeer had pulled 43 million US dollars out of the credit line.
Source: Bitdeers annual report
The latest financing complements a not protected loan of $ 17 million in January, along with earlier capital increases in 2024 $ 572.5 million. In addition, Bitdeer also granted over six million shares this 12 months, which has earned almost 119 million US dollars of stock markets this 12 months.
Bitdeer acquires 101 MW Alberta Power Project
In February 2025, Bitdeer acquired a totally licensed gas flow project of 101 Megawatts (MW) near Fox Creek, Alberta, for $ 21.7 million in money in keeping with the annual submission.
The location with the potential to scale as much as 1 gigawatts includes all of the obligatory permits for the development and a 99 -MW network connection. The power plant is to be developed with an EPC partner and is predicted to be in operation within the fourth quarter of 2026.
In March, the corporate also bought 40 MW with liquid chilled mountain constructing husbands from Saiheat.
It has recently been reported that Bitdeer expanded its self -mountain firms and invested within the production based within the USA. The shift got here from other miners in response to the cooling of the demand for his mining hardware.
“Our plan is to prioritize our own self -resolution,” said Jeff Laberge, head of the capital markets and strategic initiatives of Bitdeer.
In addition, on February 28, 2025, Bitdeer launched a share buyback program of 20 million US dollars until February 2026. So far, it has bought back 1,056,500 -a shares as a part of this program value around 12 million US dollars.
Bitcoin -Hashren -stringer, while Bergmann shrink income
According to Bitinfocharts, Bitdeer's expansion is a record 1 Sextillion Hashes per second in early April early April in the beginning of April.
A better hashrate indicates that more miners (or more powerful machines) compete to resolve Bitcoin blocks. With increasing competition, the possibility of each miner takes to earn block rewards and implies falling profitability.
Further injuries to the miner revenue are low transaction fees. From now on, the typical Bitcoin transaction fee is by $ 1, in keeping with Ycharts of over $ 16 per transfer in April last 12 months.
The low transaction fees and the rising hashrate forced public miners to sell over 40% of their BTC production in March – the very best because the end of 2024.
Companies reminiscent of Hive, Bitfarms and Ionic Digital, in keeping with reports, are greater than 100% of their monthly performance.
