Bitdeer achieved a breakthrough: Bitcoin mining soared 370% in a year
Analyzing Bitdeer's latest operational metrics, I see an impressive surge: in May, the company mined 921 BTC, compared to just 196 BTC a year earlier. This represents a 370% increase — one of the highest growth rates among public mining firms.
The key driver of this momentum is the aggressive expansion of its own hash rate. Over 12 months, it grew by nearly 420%: from 13.6 EH/s to 70.2 EH/s. This indicates substantial investments in equipment and infrastructure, as well as efficient management of energy capacity. Bitdeer has clearly bet on ahead-of-the-curve growth, and so far, this strategy is paying off.
At the same time, the company replenished its Bitcoin treasury: the increase in May was 98 BTC, bringing the total reserve to 171 BTC. However, it is worth noting that a year ago this figure was significantly higher — 1,351 BTC. This reduction in the treasury is likely due to sales of some mined coins to fund operational expenses and capacity expansion. In the current market conditions, this is a reasonable move: locking in profits allows reinvestment in growth without accumulating excessive risk on the balance sheet.
Expert commentary from Cryptalist: A 370% growth is undoubtedly a strong signal, but investors should monitor the dynamics of hash rate and debt levels. If Bitdeer manages to maintain its expansion pace, the company could enter the top 3 global miners by capacity. However, amid growing competition and periodic Bitcoin corrections, electricity cost efficiency will remain a key factor.