Bitdeer demonstrates explosive growth in bitcoin mining: hash rate increased by 420%
Mining company Bitdeer continues to surprise the market with its aggressive expansion. In May of this year, the firm increased its mined bitcoin volume to 921 BTC, which is 370% higher than the figure from a year ago of 196 BTC. This is not just statistics — it reflects a systematic scaling strategy that becomes critically important in the context of the halving.
The company's own hash rate over the same period surged by 420% — from 13.6 EH/s to an impressive 70.2 EH/s. Such a leap indicates that Bitdeer is actively increasing its computing power, likely through the deployment of new ASIC miners and infrastructure optimization. In an industry where every percentage point of efficiency determines the fate of profitability, this metric sets the company apart from its competitors.
However, the dynamics of the bitcoin treasury are interesting. In May, the firm added 98 BTC to its reserves, bringing them to 171 BTC. But a year ago, this figure stood at 1351 BTC. A 7.9-fold reduction in reserves alongside a rise in mining output is a clear signal: Bitdeer is likely actively selling mined coins to fund its expansion. This is a typical strategy for growth-oriented miners, but it increases sensitivity to bitcoin volatility.
My analysis: Bitdeer is demonstrating a classic "power race" scenario — the company is sacrificing short-term liquidity to capture market share. If the hash rate continues to grow at this pace, Bitdeer could enter the top 3 public miners by computing power. However, investors should monitor debt levels and cash flow, as aggressive expansion in the post-halving era requires high discipline.