Just surpassed MARA to become the world's largest publicly listed self-operated mining company, Bitdeer (比特小鹿), has surprisingly emptied its coffers! Besides customer deposits, they not only sold out 189.8 units produced recently $BTC but also cleared out 943.1 units of reserves.
With the network difficulty skyrocketing by 14.7% (the largest increase since May 2021), the price of computing power has fallen below $30/PH/day, and mining profits have directly approached historical lows.
But don't rush to shout 'mining crisis'! Bitdeer's move is 'taking a step back to see a broader sky'. They just secured $325 million in financing through Wall Street, with a clear purpose: to restructure debt and then fully enter AI and high-performance computing (HPC)! This is not surrender; it’s a stunning turnaround! Do you think other mining companies will follow suit? Is this really a signal of a bottom?
With the network difficulty skyrocketing by 14.7% (the largest increase since May 2021), the price of computing power has fallen below $30/PH/day, and mining profits have directly approached historical lows.
But don't rush to shout 'mining crisis'! Bitdeer's move is 'taking a step back to see a broader sky'. They just secured $325 million in financing through Wall Street, with a clear purpose: to restructure debt and then fully enter AI and high-performance computing (HPC)! This is not surrender; it’s a stunning turnaround! Do you think other mining companies will follow suit? Is this really a signal of a bottom?