Bitdeer mined 196 BTC in May, expanding its mining operations across new markets

The Singapore-based firm mined 196 BTC last month — up 18% from April — as it pushed forward the deployment of its SEALMINER A2 rigs across data centers in the U.S., Norway, and Bhutan.

Bitdeer, the Singapore-based cryptocurrency mining firm, disclosed that it mined 196 BTC last month. This marks an 18% increase from April as the company continues to deploy its SEALMINER A2 rigs across data centers in the U.S., Norway, and Bhutan.

The company’s total hashrate now stands at 13.6 exahashes per second (EH/s), following the energization of 3.9 EH/s worth of SEALMINER A1 machines and the ongoing rollout of the A2 line.

Furthermore, Bitdeer shipped 1.6 EH/s of SEALMINER A2 units to external customers in May, highlighting the increasing adoption of its mining hardware.

On the infrastructure front, Bitdeer is making significant progress. In Norway, 70 MW out of a planned 175 MW expansion at Tydal are already online, with the remaining 105 MW expected to be energized by the end of June.

In Bhutan, the Jigmeling site has commenced energization, kicking off plans to bring an additional 368 MW online for a total of 500 MW. A 221 MW facility in Massillon, Ohio, is also on schedule for phased completion throughout the second half of the year.

Expanding its footprint, Bitdeer is preparing a 50 MW site in Ethiopia in collaboration with a local partner. The company has also acquired a fully licensed property in Alberta, Canada, where it will construct a natural gas power plant to support its mining operations.

During May, Tether exercised warrants from a previous financing round, investing $50 million in cash into Bitdeer in exchange for over 5 million shares.

As Bitdeer pushes forward with its expansion plans, it is reportedly making progress toward its goal of 40 EH/s in self-mining capacity by October.