Cryptocurrency
globalreutersFebruary 25, 20251 Mins read
Bitdeer Posts $531.9M Q4 Loss Amid Heavy ASIC Investments, Eyes 40 EH/s Hashrate Target
globalreutersFebruary 25, 20251 Mins read 
Bitdeer Technologies Group reported a $531.9 million net loss for Q4 2024 as it invested heavily in proprietary mining hardware development, including $243.4 million in payments to chip manufacturer Taiwan Semiconductor Manufacturing Company (TSMC), while targeting a self-mining hashrate of 40 exahash per second (EH/s) by late 2025. Strategic ASIC Push Drives Bitdeer’s $532M Q4 […]
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