![[bitdeer-logo.svg|300]] Company website: [https://www.bitdeer.com/](https://www.bitdeer.com/) ### Introduction **Bitdeer Technologies Group**, a leading technology company focused on blockchain and high-performance computing, was founded in 2020 by Jihan Wu, the co-founder of Bitmain Technologies and Matrixport. Originally spun off from Bitmain in 2021, the company is headquartered in Singapore, with operations spanning the United States, Norway, Bhutan, and other regions. Bitdeer's mission is to provide comprehensive, reliable, and efficient digital asset mining services while advancing high-performance computing solutions for blockchain and beyond. The company's key focus areas include Bitcoin mining, cloud hash rate sharing, mining infrastructure hosting, and emerging ventures into AI cloud services and high-performance computing (HPC). As a vertically integrated player, Bitdeer emphasizes innovation in energy-efficient mining hardware, global data center expansion, and diversification into AI-driven technologies to support the evolving demands of cryptocurrency and computational workloads. ### Key Products and Technology - **Bitcoin Mining Operations**: Bitdeer conducts proprietary self-mining using its own hardware and facilities, with a focus on Bitcoin production. As of mid-2025, self-mining hashrate reached 13.6 EH/s, supported by deployments in Texas, Norway, and Bhutan. Features include low-cost, carbon-free energy sources and vertical integration for cost efficiency. - **SEALMINER Series**: Proprietary ASIC mining rigs, including the SEALMINER A1 (deployed in early 2025), A2 (14.9 J/TH efficiency, with 14.9/16 EH/s built and partially shipped by July 2025), A3 (nearly ready for mass production in July 2025, targeting 11-12 J/TH), and upcoming A4 (aiming for 5.5-6.0 J/TH). These rigs emphasize energy efficiency, scalability, and competition with industry leaders like Bitmain. - **Cloud Mining and Hash Rate Sharing**: A platform allowing users to purchase or share mining power without hardware ownership, featuring traceability, dashboard tools for monitoring, and connections to major pools like ViaBTC and Foundry USA. Applications include accessible entry for retail and institutional miners, with flexible plans and infrastructure support. - **Mining Datacenter and Hosting**: Global data centers providing colocation services, powered by renewable energy (e.g., hydropower in Bhutan and Norway). Capacities include expansions to 70 MW in Norway and 132 MW in Bhutan in 2025, with optionality for HPC repurposing. Features focus on sustainability, security, and high uptime for hosted mining equipment. - **Bitdeer AI Cloud**: A neocloud platform for AI solutions, leveraging NVIDIA GPUs (H100s, H200s, GB200s) across 7+ countries. Includes full-stack MLOps suite for model training and deployment, with high security and reliability. Applications target AI innovation, machine learning operations, and HPC workloads, expanding beyond crypto. - **Minerbase and Minerplus**: Management systems for computing performance, infrastructure, and operational efficiency, integrating with cloud services for seamless user experience. ### Team and Leadership - **Jihan Wu, Chairman of the Board and Chief Executive Officer**: Founder of Bitdeer, co-founder of Bitmain and Matrixport; appointed CEO in March 2024 after serving as Chairman since 2021. Expert in blockchain and cryptocurrency mining, with a background in financial analysis and computer science from Peking University. [@JihanWu](https://x.com/JihanWu). - **Linghui Kong, Chief Business Officer**: Former CEO of Bitdeer (2020-2024); transitioned to CBO in 2024. Experienced in software architecture, strategic business development, and digital assets; previously held roles in tech startups. - **Chao Suo, Chief Operating Officer and Director**: Oversees global operations, including data center expansions and mining efficiency. Background in engineering and operations management within the tech sector. - **Yuling Ma, Chief Technology Officer**: Leads technology development, including SEALMINER hardware and AI cloud innovations. Expertise in high-performance computing and blockchain engineering. - **Haris Basit, Chief Strategy Officer**: Focuses on strategic growth, including AI/HPC diversification and partnerships. Co-founder of multiple startups; prior experience in engineering and business development. ### Recent News and Developments (2025) | Date | Event | Details | |------------|--------------------------------|-------------------------------------------------------------------------| | July 14, 2025 | Participation in Bitcoin 2025 Conference | Bitdeer highlighted vertical integration, innovation in mining, and transparency at the conference, emphasizing its role in driving Bitcoin mining's future. | | July 9, 2025 | June 2025 Production and Operations Update | Announced self-mining hashrate increase to 16.5 EH/s (21% growth); joined Russell 2000® and 3000® Indexes; SEALMINER A3 nearing mass production; mined 221 Bitcoins; Phase 2 (304 MW) construction in planning with HPC optionality. | | June 30, 2025 | Bitdeer AI Wins 2025 AI Breakthrough Award | Recognized for MLOps innovation in its AI cloud platform, highlighting advancements in AI training and deployment solutions. | | June 30, 2025 | Secures Additional Funding Through Note Placement | Raised $45 million in additional convertible notes to support operations and expansion. | | June 17, 2025 | Proposed Private Placement of Convertible Notes | Aimed to raise $300 million (with option for $45 million more) in convertible senior notes due 2031 for Bitcoin mining and general corporate purposes. | | June 11, 2025 | May 2025 Production and Operations Update | Self-mining hashrate reached 13.6 EH/s; deployed more SEALMINER rigs; mined 196 Bitcoins; on track for 40 EH/s by October 2025. | | May 15, 2025 | Unaudited Q1 2025 Financial Results | Released financials showing progress in Bitcoin mining and HPC; details on revenue and operations for the quarter ended March 31, 2025. | | May 9, 2025 | April 2025 Production and Operations Update | Energized 70 MW in Norway and 132 MW in Bhutan; entered loan agreement with Matrixport for up to $150 million financing; mined 212 Bitcoins. | | April 9, 2025 | March 2025 Production and Operations Update | Engaged Northland Capital Markets as advisor for HPC/AI data centers; advanced SEALMINER deployments; mined 199 Bitcoins. | | March 12, 2025 | February 2025 Production and Operations Update | Expected SEALMINER A1 energization in March-April; focused on chip roadmap for A2 and beyond; mined 178 Bitcoins. | ### Partnerships and Collaborations - **NVIDIA**: Preferred Cloud Service Provider in the NVIDIA Partner Network; collaboration on AI cloud solutions, including GPU-powered platforms with H100s, H200s, and GB200s for MLOps and large language models; validated NVIDIA GB200 NVL72 for high-performance AI training. - **Druk Holding & Investments**: Joint development of green digital asset mining operations in Bhutan; operates 100% carbon-free data centers to accelerate Bhutan's economic transformation and expand Bitdeer's footprint with hydropower. - **ViaBTC**: Strategic partnership connecting Bitdeer users directly to ViaBTC's mining pool; enables monitoring via Bitdeer's dashboard; one of four major pool integrations (including BTC.com, Antpool, Dpool). - **Foundry USA Pool**: Partnership combining expertise and computing power for global scaling of Proof-of-Work digital assets; Bitdeer as the first Asian institutional client. - **Monroe County Port Authority**: Strategic agreement for 570 MW power capacity in Ohio, expanding Bitdeer's pipeline to 2.5 GW; site paused for potential HPC/AI repurposing. - **Matrixport Group**: Related-party financing facility of up to $150 million via loan agreement in April 2025 to support operations. ### Closing Note As a publicly traded company (NASDAQ: BTDR) with recent access to over $345 million in convertible notes funding, Bitdeer is in a mature growth stage, poised for a strong future outlook through hashrate expansion to 40 EH/s by October 2025, AI/HPC diversification, and projected revenues up to $6.4 billion from 2025-2027. *Report generated July 28, 2025*