Bitdeer assures $ 60m to boost bitcoin production in the middle of the hashrate record
Bitcoin Mining Firm Bitdeer gained $ 60 million in loans to increase bitcoin asic manufacturing efforts while global mining competition intensified amid record-breaking network hashrates.
According to In its annual report, the Bitdeer entered a loan agreement in April with the affiliated firm Matrixport, a Crypto financial service company founded by bitdeer chairman Jihan Wu.
The facility offers up to $ 200 million, which is a bitdeer’s sealminer hardware, with a floating interest rate of 9% including market benchmarks. On April 21, the Bitdeer drew $ 43 million from the credit line.
The latest fund adds to a $ 17 million unsafe loan obtained in January, in conjunction with the previous capital raising $ 572.5 million through convertible notes in 2024. The Bitdeer also released more than six million shares, raising nearly $ 119 million in equity markets this year.
Related: Bitcoin’s leading miners make almost $ 800m of BTC in Q1 2025
BitDeer gets 101 MW Alberta Power Project
In February 2025, Bitdeer obtained a fully licensed 101 Megawatt (MW) gas-fired power project near Fox Creek, Alberta, worth $ 21.7 million cash, each annual filing.
The site, with the potential to scale up to 1 Gawinatt, with all the required permits for construction and a grid connection of 99 MW. The power plant is set to develop an EPC partner and is expected to be the operation of the four quarter of 2026.
In March, the company also bought 40 mw worth mining containers cooled with liquid from Saiheat.
Most recently —but, it has been reported that the bitdeer is expanding operations with its own mining and investment in production based in the United States. The shift came in response to the cooling of demand for hardware mining from other miners.
“Our plan forward is to prioritize our own mining,” Jeff Laberge, head of the Bitdeer capital market and strategic initiatives, has been reported to be said.
In addition, in February. 28, 2025, Bitdeer launched a $ 20 million sharing re -purchase program, effective by February 2026. To date, it has purchased 1,056,500 Class A sharing worth about $ 12 million under this program.
Related: American Bitcoin’s ambition is to dominate mining – Hut 8 CEO
Bitcoin’s hashrate falls as miner’s revenues diminish
Bitdeer expansion comes as the Bitcoin computing network hits a record 1 sexillion hashes every second in early April, According to In BitinginFocharts.
A higher Hashrate indicates that more miners (or stronger machines) are competing to resolve Bitcoin blocks. As the competition rises, each individual’s chance of earning a block of block is declining, indicating a decline in profitability.
Further hurting the miner’s income is low transaction fee. So far, the average bitcoin transaction fee walks around $ 1, down from more than $ 16 per move in April last year, According to Kay Ycharts.
Low transaction fees and hashrately forced public miners to sell More than 40% of their BTC production In March – the highest since late 2024.
Companies like Hive, Bitfarms and Ionic Digital have been reported to sell over 100% of their monthly output.
Magazine: Altcoin season to hit in Q2? Mantra plans to win trust: Hodler’s Digest, April 13 – 19
