Over the past 15 years, the mining industry has achieved remarkable strides in hardware efficiency. Since the early days of CPU mining in 2009, when Satoshi Nakamoto used a personal computer to mine the Genesis block, the sector has seen dramatic evolution through multiple generations of specialized hardware and innovations like immersion cooling.

What does the future hold for Bitcoin mining? As an industry that has made a 1000X power efficiency improvement over the past decade, can it make further breakthroughs? What are the theoretical physical limits of current ASIC designs?

Benchmark analyst Mark Palmer initiated coverage of Bitdeer on Thursday, issuing the miner with a “buy” rating and setting a price target of $13.

Bitdeer Technologies Group (NASDAQ: BTDR), a world-leading technology company for blockchain and high-performance computing, today announced that it has been named as one of Singapore’s Fastest Growing Companies 2024. The annual ranking is conducted by The Straits Times and Statista and recognizes a wide range of firms notable for rapid growth and commitment to the local economy.

The Nasdaq-listed firm, which focuses on blockchain and high-performance computing, on Friday said it plans to launch its platform, Bitdeer AI Cloud, in the first quarter of 2024.

Bitdeer Technologies Group, a Singapore-based company, has reported a significant tripling in Bitcoin mining for the month of September 2023. The company's Gedu mining data center in Bhutan was instrumental in this surge, accounting for 45% of the increase.

Bitdeer Technologies Group, the Singapore-based crypto mining platform controlled by mogul Jihan Wu, saw its shares surge 122% over the past month as the company announced a share buyback amid traditional financial firms’ renewed interest in digital assets.

Tech veteran Haris Basit joined Bitdeer to drive strategic growth in the next phase of the Company’s development

Kingdom’s investment arm is tying up with Bitdeer Technologies

Partnership to operate 100% carbon-free mining datacenter, accelerate Bhutan’s economic and digital transformation and expand Bitdeer's global footprint