Bitdeer Boosts Bitcoin Production by 18%, Signaling Mining Industry Recovery

Bitdeer, the company led by founder Jihan Wu, saw a significant surge in Bitcoin production during May 2025. The company’s output increased by 18.1% compared to April, indicating a positive turnaround within the mining industry. This growth is attributed to both institutional backing from Tether and expanded self-mining efforts. Bitdeer’s increased production could have a ripple effect on Bitcoin’s network hashrate, potentially influencing market sentiment and strategies moving forward.