Bitdeer Says Bitcoin Liquidation “Not A Concern” For Broader Market
Bitcoin miner Bitdeer has defended its decision to liquidate its Bitcoin holdings, saying it shouldn’t be a concern for the broader market. Bitdeer’s Bitcoin Holdings Have Hit Zero On Saturday, Bitdeer shared its weekly Bitcoin update in an X post, revealing that the company sold all of its mining output for the week. In total, […]
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Sources have disclosed that the digital currency mining operation, Bitdeer Technologies, has purchased a high-security storage and display facility in Singapore called Le Freeport for $28.4 million. Bitdeer’s chairman, Jihan Wu, confirmed the vault acquisition via a text message following the reports that revealed the mining firm purchased Le Freeport.
Bitdeer Purchases Maximum Security Vault Le Freeport From Yves Bouvier, DBS
After the co-founder of Bitmain Technologies Jihan Wu left the company, he co-founded a firm called Matrixport and he’s also the chairman of....
According to a representative from the bitcoin mining company backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to buy distressed assets from embattled bitcoin miners. Bitdeer’s chief executive officer Matt Kong details that “opportunities” arise in “every cycle.” Bitdeer Wants to Acquire Cheap Machines From Distressed Bitcoin Miners Bitdeer is setting up a fund to purchase assets from financially distressed bitcoin miners, according to statements Matt Kong made to Bloomberg’s David Pan. Bitdeer is a crypto....
The newly merged corporation will retain its ticker symbol BSGA on the Nasdaq stock exchange. Jihan Wu will continue to lead the combined organization. Bitdeer Technologies Holding Company, a Singapore-based Bitcoin (BTC) mining corporation, has announced that it has entered into a definitive merger agreement with Blue Safari Group Acquisition Corp. for a business combination of Blue Safari and the miner. According to the announcement, the two firms are expected to merge and be renamed Bitdeer Technologies Group, retaining their NASDAQ stock market listing.Bitdeer is a Singapore-based....
MiningOS will work in tandem with Minerplus’ new GPU mining services to augment Bitdeer Group’s comprehensive and leading digital asset mining operations. Bitdeer Group’s Minerplus has developed and released a beta version of MiningOS, a new piece of GPU mining firmware for secure and high-yield digital asset mining, to an exclusive group of pilot users. […]
Following a recent pullback, Ethereum, the leading altcoin, appears to have entered a bearish state, with the asset constantly dropping towards the $4,000 price mark. As the broader crypto market faced a significant downswing on Monday, ETH’s sudden decline has led to the liquidation of several long positions. Ethereum Leads In Massive Crypto Liquidation The […]