Bitcoin mining company BitDeer sees 50% increase in second-quarter revenue

Bitcoin mining company Bitdeer Technology Group revealed that its sales profits jumped 50% in the second quarter of this year.
On the 12th (local time), Bitdeer announced in its earnings report that it had nearly doubled its bitcoin mining capacity, resulting in a gross profit of 1.2 billion yen in the second quarter of this year.
The company reported that its second-quarter gross profit increased by about 50% from the previous fiscal year. The company said its second-quarter gross profit rose to $24.4 million this year from $16.2 million last year.
BitDeer has increased its self-mining capacity for bitcoin mining on its own account from 3.8 EH/sec (exahash/sec) to 7.3
The rate at which cryptocurrency mining takes place is now increased to EH/s. Cryptocurrency mining is measured in the computing power of the mining operation, or hash rate.
We were able to achieve this result despite the April 2024 halving and the significant growth of the global network’s hash rate,” said Bi.
"The total hash rate of the Bitcoin network is currently at 677.
"We have put the first batch of SEALMINER A1 chips into production, and mass production is underway, with production reaching 3.4 EH/s by the end of the year," Kong said.
"We plan to install EH/s in the data center."