Bitdeer Technologies Group reported a $531.9 million net loss for Q4 2024 as it invested heavily in proprietary mining hardware development, including $243.4 million in payments to chip manufacturer Taiwan Semiconductor Manufacturing Company (TSMC), while targeting a self-mining hashrate of 40 exahash per second (EH/s) by late 2025. Strategic ASIC Push Drives Bitdeer’s $532M Q4 […]
Source link

Chain Articles > Blog > Bitcoin > Bitdeer Posts $531.9M Q4 Loss Amid Heavy ASIC Investments, Eyes 40 EH/s Hashrate Target
Bitdeer Posts $531.9M Q4 Loss Amid Heavy ASIC Investments, Eyes 40 EH/s Hashrate Target
posted on
You Might Also Like
From High Gear to Grind: Bitcoin Hashrate Slides 75 EH/s After Etching New Record
Jack DaviesJune 8, 2025
Bitcoin’s hashrate hit a record-setting 943 exahash per second (EH/s) on May 31, but in the days since then, the...
Metaplanet Plans Historic $5.4B Equity Raise to Buy 210,000 BTC
Jack DaviesJune 8, 2025
Japanese investment firm Metaplanet has announced a massive $5.4 billion plan to increase its bitcoin holdings to 210,000 BTC by...
Bitcoin Price Watch: Range-Bound Action Hints at Imminent Move
Jack DaviesJune 8, 2025
The price of bitcoin hovered at $105,384 on June 8, 2025, with a market capitalization of $2.09 trillion and a...
Spain Introduces Law to Acquire Crypto Exchanges’ Data, Seize Digital Assets
Jack DaviesJune 8, 2025
The directive, which is expected to be approved and implemented by January 2026, will enable authorities in Spain to exchange...