Bitcoin Miner Bitdeer Increases BTC Holdings by 75% to 1,039 BTC in Two Months
The company redirected mining rigs to self-mining as customer delayed payments during bitcoin’s price drop..
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Bitdeer
The company redirected mining rigs to self-mining as customer delayed payments during bitcoin’s price drop..
The bitcoin mining firm faced revenue declines but is betting on proprietary ASIC chips to drive future expansion.
The three companies offer varying degrees of exposure to the world’s largest cryptocurrency, the report said.
Bitdeer received an investment worth $150 million from stablecoin company Tether at the end of last month.
Bitdeer intends to use the proceeds to fund its data center expansion and ASIC-based mining rig development, the Singapore-based company said.
Stock appears undervalued given the wide gap between the company’s valuation and its growth prospects, the report said.