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Bitdeer increases mining activities as demand for mining machines slows down.
Bitdeer Technologies Group is expanding its internal mining operations to maintain its competitive advantage as demand for mining machines from customers falls. According to Bloomberg, the company is accelerating the use of its own equipment for mining, thereby directly competing with customers who previously purchased machines.
As of August, Bitdeer has mined 375 BTC, ranking 6th globally, and aims to break into the top 5 largest miners in the world. According to The Miner Mag, the company has nearly tripled its internal hashrate capacity to 22.5 EH/s from late 2024 to mid-2025, targeting 40 EH/s, which could generate around 750 million USD in revenue annually with a profit margin of over 50%.
In the context of Bitcoin network difficulty continuously reaching new heights, many mining companies like Bitdeer are diversifying into the fields of artificial intelligence and data centers to optimize resources and profits.