Bitdeer demonstrates explosive growth: Bitcoin mining increased by 370% year-over-year
Mining company Bitdeer continues to surprise the market. In May of this year, the volume of Bitcoin mined amounted to 921 BTC, a 370% increase compared to 196 BTC a year earlier. This surge was made possible by an aggressive expansion of computing power.
The company's own hash rate has increased by nearly 420% over the past 12 months — from 13.6 EH/s to 70.2 EH/s. This is one of the highest growth rates among public mining firms. Clearly, Bitdeer is betting on scaling and equipment modernization, allowing it to compete effectively even amid reduced block rewards.
However, there is an interesting nuance: despite the explosive growth in mining output, the size of the company's Bitcoin treasury has decreased. In May, Bitdeer increased its reserves by 98 BTC, bringing them to 171 BTC. For comparison, a year ago this figure stood at 1,351 BTC. This indicates that the company is actively selling mined coins, possibly to finance further expansion or cover operating expenses.
From a strategic perspective, Bitdeer demonstrates a classic approach: maximizing hash rate and mining output, followed by the sale of some assets. For investors, this signals that the company is focused on rapid growth but is not accumulating excessive crypto reserves. In current market conditions, such an approach may be justified, especially given Bitcoin's volatility.
Expert opinion: Bitdeer's 370% growth over the year is an impressive result, confirming that in mining, those willing to invest in equipment and infrastructure still come out ahead. However, the reduction in the treasury is concerning: if the company cannot retain a portion of the mined coins, it risks missing out on potential profits from future price increases. In the long term, the balance between mining and accumulation will be a key factor for success.