² Proprietary hash rate as of August 31, 2023 increased by approximately 0.8 EH/s from 7.9 EH/s as of July 31 2023, primarily attributable to the arrival of approximately 7,000 additional mining machines at the Company’s Gedu mining datacenter in Bhutan (the “Gedu Datacenter”). As of the end of August, the Gedu Datacenter’s entire 100MW electrical capacity had been deployed. Approximately 30,000 newly-purchased mining machines at the Gedu Datacenter have been fully energized and are under stable operation, providing a total hash rate of approximately 3.3 EH/s for the Company’s self-mining business.

³ Self-owned mining machines are for the Company’s self-mining business and Cloud Hash Rate business.

⁴ Aggregate electrical capacity across six mining datacenters increased by 100MW from July 31, 2023, to 895MW as of August 31, 2023.

⁵ Bitcoin mined in August 2023 increased by 124.0% compared to August 2022. Bitcoin mined in August 2023 increased by 74.1% compared to July 2023, primarily attributable to the energization and full operation of the Gedu Datacenter by the end of August. The Company generally does not hold cryptocurrencies obtained through its self-mining business, and promptly converts them into fiat currency.

The Company’s Gedu Datacenter was energized and became fully operational in August 2023. The Gedu Datacenter contributes an additional 100MW to the Company’s aggregate electrical capacity and supports the operation of approximately 30,000 mining machines that supply approximately 3.3EH/s to the Company’s proprietary hash rate. The Gedu Datacenter is the Company’s first datacenter in Asia and operates at carbon neutrality thanks to Bhutan’s abundant hydroelectric power generation.

 

About Bitdeer Technologies Group

 

Bitdeer is a world-leading technology company for the cryptocurrency mining community headquartered in Singapore. Bitdeer has committed to providing comprehensive digital asset mining solutions for its customers. Bitdeer handles complex processes involved in mining such as miner procurement, transport logistics, mining datacenter design and construction, mining machine management and daily operations. Bitdeer has mining datacenters deployed in the United States, Norway, and Bhutan. To learn more, visit https://ir.bitdeer.com/.

 

Forward-Looking Statements

 

Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.