Bitdeer Secures $60M for ASIC Production Amidst Bitcoin Hashrate Surge

Bitcoin mining firm Bitdeer secured a significant loan of $60 million to boost its production of Bitcoin application-specific integrated circuits (ASICs). This move comes amidst intense competition within the Bitcoin mining industry as network hashrates reach record highs. The funding, facilitated by affiliate company Matrixport, will enable Bitdeer to ramp up its ASIC manufacturing efforts.