Bitdeer shifts to self-operated mining business, entering competition with its clients
Jinse Finance reported, citing Bloomberg, that Nasdaq-listed Bitdeer Technologies Group, under the leadership of founder Jihan Wu, is transforming from a mining machine manufacturer into a large-scale proprietary Bitcoin mining company. According to the latest filings, the company’s proprietary mining hashrate has quadrupled since August last year, with the goal of ranking among the world’s top five crypto mining enterprises. This means Bitdeer is now directly competing with its own clients in response to a slowdown in mining machine demand.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Forward Industries lost $56 million in SOL holdings last week
Data: 458 million SUN transferred from SUN.io to Justin Sun, worth approximately $9.6 million
Data: Justin Sun transferred 11.5633 million USDT, worth 11.5633 million USD
