Summary by Moomoo AI
Bitdeer reported 184 Bitcoins mined in May 2024, down 30.6% MoM and 35.7% YoY due to the Bitcoin halving impact. The company maintained a total hash rate of 22.4 EH/s under management, with 8.4 EH/s proprietary hash rate across 225,000 mining machines and 895MW aggregate electrical capacity.The company achieved significant milestones in May, including completing initial trial production of Sealminer A1 ASICs and securing a $100 million private placement from Tether with an additional $50 million warrant option. The AI cloud service officially launched with initial customer adoption.Infrastructure expansion continues across multiple locations: a 175MW datacenter in Norway with 40MW expected online by end-2024, a 221MW facility in Ohio targeted for 2025 completion, and a 500MW datacenter in Bhutan progressing with substation construction. These developments aim to enhance proprietary hash rate by 3.4 EH/s to 11.8 EH/s total.
