BitcoinBitdeer Posts $531.9M Q4 Loss Amid Heavy ASIC Investments,...

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  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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

BioSig and Streamex eye $1.1b for a gold-backed treasury strategy on Solana

Nasdaq-listed medical device technology firm BioSig...

CZ fans lose $15,000 after he ghosts them on ‘pay-to-reach’ platform

Users have spent $81,000 to send messages to Changpeng Zhao on the “pay-to-reach” site Reach Me, but he’s...

DOJ Denies Epstein Client List Exists; Public Skepticism Fuels Cover-Up Claims

The Trump administration’s Justice Department and Federal Bureau of Investigation (FBI) have formally denied the existence of Jeffrey...

Advertisement

Pump.fun Token Launch Uncertain After Gate.io Abruptly Removes Pre-Market Listing

The long-speculated launch of Pump.fun’s native token is facing fresh uncertainty after crypto exchange Gate.io abruptly removed its...

Must read

You might also likeRELATED
Recommended to you