Bitdeer Reports 3% Decline in Self-Mined Bitcoin Production Amid Strategic Expansion

Bitdeer Reports 3% Decline in Self-Mined Bitcoin Production Amid Strategic Expansion

Operational Overview
In its December 2024 operational update, crypto mining firm Bitdeer revealed a slight 3% drop in self-mined bitcoin (BTC) production, generating 145 BTC compared to November's 150 BTC. Despite this decline, the company continues to maintain a strong market position, underpinned by steady expansion and strategic financial management.

Debt Repayment and Hashrate Growth
Bitdeer announced the full repayment of a $10 million principal balance on senior secured notes. These notes were tied to its acquisition of Troll Housing AS and Tydal Data Centre AS, signaling a focus on financial resilience.

Simultaneously, the company reported an increase in its total managed hashrate—from 20.7 EH/s in November to 21.6 EH/s in December—spanning self-mining, cloud hash rate, and hosting operations. This growth offsets a slight decline in mining machine ownership, which dropped from 178,000 to 175,000 units during the same period.

Yearly Growth and Future Prospects
While December’s output dipped, Bitdeer’s yearly metrics remain robust. Its BTC holdings surged from 43 BTC in December 2023 to 594 BTC in December 2024, reflecting an impressive 1281.4% increase.

Linghui Kong, Bitdeer’s Chief Business Officer, expressed optimism about the company’s trajectory:

“2025 is poised to be a transformative year for Bitdeer, marked by many exciting milestones. The mass production of our Sealminer A1 and A2 is set to significantly expand our self-mining hashrate and commence miner sales to third-party customers. We are eager to solidify Bitdeer’s position as a leader in the crypto industry.”

Outlook
With its Sealminer A1 and A2 set to enhance its mining capabilities and expand offerings to third-party customers, Bitdeer appears ready to capitalize on the evolving crypto landscape. The company’s ability to balance short-term fluctuations with long-term growth initiatives underscores its commitment to maintaining industry leadership in 2025 and beyond.