Bitdeer recorded a record growth in Bitcoin mining: +370% year-over-year
Mining company Bitdeer has demonstrated impressive growth rates in operational performance. According to my analysis of May data, the firm mined 921 BTC, a 370% increase compared to the same period last year, when the mining volume was only 196 BTC.
Bitdeer's own hash rate increased by nearly 420% — from 13.6 EH/s to 70.2 EH/s. This surge in computing power indicates an aggressive strategy of expanding equipment fleet and modernizing infrastructure. The company is clearly betting on scaling amid growing competition in the sector.
At the same time, Bitdeer continued to build up its bitcoin reserves. In May, the treasury grew by 98 BTC, bringing the total to 171 BTC. However, it is worth noting that a year ago this figure was significantly higher — 1,351 BTC. This reduction in reserves is likely due to active sales to fund operating expenses and investments in equipment.
My expert analysis: A 370% increase in production with a 420% increase in hash rate suggests that Bitdeer may have faced some operational delays or a temporary decline in efficiency. Nevertheless, the current dynamics are positive: the company is clearly preparing for the halving and aiming to secure a spot in the top tier of miners. Investors should pay attention to how Bitdeer manages its reserves in the coming quarters — this is a key indicator of financial stability.