Oh, what a twist in the Bitcoin mining world! Bitdeer Technologies Group (BTDR), the company that’s been cranking out Bitcoin rigs like they’re going out of style, is now doing a *180*. Why? Because the demand for those rigs is cooling faster than a polar bear’s toenail. Instead of sitting around twiddling their thumbs, they’re doubling down on self-mining. Yes, you heard that right – they’re mining *their own* Bitcoin using their own machines. And hey, they’re even competing with the very same customers who would normally buy their rigs. Talk about a plot twist! 🎬
According to a spicy October 9th Bloomberg report, Bitdeer is ramping up its own mining operations as part of its grand strategy to become one of the world’s top five Bitcoin miners. How are they doing? Well, in August, Bitdeer mined 375 BTC, ranking them a cozy sixth place, just behind some of the big boys like MARA Holdings (MARA) and Riot Platforms (RIOT). They’re knocking on the door, folks! 🔨
And what’s that? Industry rags like The Miner Mag are buzzing with the news that hardware makers, like Bitdeer, are now putting their surplus rigs to good use-mining on their own turf! In fact, Bitdeer has almost tripled its proprietary mining power, going from a measly 7.5 exahashes per second to a whopping 22.5 exahashes per second in just six months. Looks like their rigs aren’t gathering dust after all! 📈
“Surplus inventory? Nope, it’s all staying in-house now,” said The Miner Mag, probably with a smirk. Wolfie Zhao, a savvy analyst, says miners are going to be taking it easy on fleet expansion for the foreseeable future. So, yeah, don’t expect anyone to rush out and buy a shiny new rig anytime soon. 🛑
Bitcoin Miners Keep On Diversifying – Even as BTC Price Keeps Soaring!
Here’s where it gets juicy. As Bitcoin skyrockets past $126,000 (don’t worry, we’re all keeping an eye on it!), mining economics are feeling the heat. Why? Because the 2024 halving sliced those block rewards in half, making it harder for miners to rake in the big bucks. But fear not, because several mining companies are *evolving* like some kind of crypto-Pokémon. Now they’re getting into AI hosting and high-performance computing services. Can you say *multi-tasking*? 🧠💻
Companies like Hive Digital, IREN, and TeraWulf are jumping on the AI bandwagon, setting up data centers for all those tech companies that need tons of processing power. If you can’t beat ’em, join ’em, right?
Meanwhile, Bitcoin’s network difficulty is climbing to new heights, and miners are looking for a way to keep their margins from getting squashed like a pancake. So, some miners are turning their attention to leasing out their extra capacity to AI companies. It’s like a little side hustle that keeps the bills paid when crypto prices are throwing tantrums. 💸
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2025-10-09 23:25