Bitdeer has announced the completion of its mining facility in Bhutan and the arrival of 23,000 newly-purchased mining rigs. However, the rigs are yet to be energized. The company is also curbing power usage in Texas due to the local heat.
Bitdeer said as of the end of July, about 23,000 newly-purchased mining rigs had arrived at its Bhutan facility, but they are yet to be energized.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
Bitdeer said that as of the end of July, about 23,000 newly-purchased mining rigs had arrived at the Gedu facility, but some are yet to be energized. “When all are energized, these new machines will provide a hash rate of approximately 2.5 EH/s,” the company added.In July, Bitdeer mined 220 bitcoin through its self-mining business, up 41% year-on-year, according to the statement.
The company’s proprietary hash rate increased to 7.9 EH/s at the end of July, from 6.2 EH/s at the end of June, primarily due to the arrival of new mining machines in Bhutan, the company said.Bitdeer, a spinoff from Chinese mining rig maker Bitmain cofounded by Jihan Wu, has been expanding its presence in the Himalayan kingdom to tap the country’s abundant energy resources.
In May, Bitdeer announced a partnership with Bhutan’s state-owned investment company Druk Holding and Investments towith The Block that it had launched a closed-end fund, Bitdeer Green Bitcoin Fund, dedicated to mining bitcoin in Bhutan. With a duration of six years, the fund plans to raise $80 million for its first-phase construction project with a minimum investment threshold of $5 million for investors.
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