Bitdeer’s Massive Expansion: Mining Output Soars, Targets 40 EH/s by October

Bitcoin mining is a crucial process for securing the blockchain and generating new BTC. Leading technology company Bitdeer has seen significant growth in this area, recently exceeding 18% production increase in May 2024 compared to April, showcasing its operational strength. Their success comes with ambitious goals – aiming to achieve 40 EH/s of self-mining capacity by October. This report explores the key factors behind Bitdeer’s growth and what it means for the wider crypto mining landscape.