Bitdeer's New Bitcoin Mining Facility In Bhutan: 'Showcasing Unparalleled Stability And Efficiency'

Crypto mining company Bitdeer Technologies Group BTDR on Tuesday announced the completion of its state-of-the-art mining facility in Bhutan.

The Singapore-based Bitcoin BTC/USD mining giant, founded by the Chinese crypto billionaire Jihan Wu, confirmed on Tuesday that the power-on testing for the facility is currently in progress.

Chief Executive Officer of Bitdeer, Linghui Kong, expressed his enthusiasm about the rapid progress and readiness of the new facility.

Sharing insights into the facility's capabilities, Kong stated, "Our Gedu data center, nestled in the serene landscapes of Bhutan, welcomed an impressive shipment of around 15,000 new mining machines this past July. I'm thrilled to share that, as of today, a whopping 11,000 of these high-tech miners are already up and running, showcasing unparalleled stability and efficiency."

Bitdeer revealed that by July's conclusion, around 23,000 recently acquired mining machines had been delivered to the Gedu center, though not all have been powered up.

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Once fully operational, these machines are expected to contribute a hash rate of roughly 2.5 EH/s, the firm noted. Kong also mentioned that Bitdeer has been reducing its power consumption at its Texas location because of the prevailing high temperatures.

In the month of July, Bitdeer's self-mining operations produced 220 Bitcoin, marking a 41% increase compared to the previous year, as per the official release.

By the end of July, the company's own hash rate had climbed to 7.9 EH/s, a jump from 6.2 EH/s at June's end.

This growth was mainly attributed to the influx of new mining equipment in Bhutan, as stated by the company.

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