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GeezerVison is showing en.wikipedia.org — Bitdeer - Wikipedia
Bitdeer Technologies Group, or simply Bitdeer, is a cryptocurrency mining and artificial intelligence (AI) cloud infrastructure company headquartered in Singapore and listed on the Nasdaq under the ticker BTDR.[2] The company was spun off from bitcoin-mining chip producer Bitmain in January 2021 by founder Jihan Wu.[3][4] Bitdeer is among the largest cryptocurrency miners by computing power[5] and operates data centers in the United States, Norway, and Bhutan,[5][6] with U.S. headquarters in San Jose, California.[7] Since 2023, the company has expanded into AI cloud services through a partnership with Nvidia and through the conversion of cryptocurrency mining facilities for AI workloads.[8][9] HistoryIn January 2021,[10] Bitdeer was spun off from the bitcoin-mining chip producer Bitmain,[3] which was co-founded by entrepreneur Jihan Wu in 2013. After the spin-off, Bitdeer established its headquarters in Singapore, where Wu resides.[11] Wu has served as Bitdeer's executive chairman since the spin-off[10][12] and is also its chief executive officer.[13] In November 2021, Bitdeer announced plans to merge with Blue Safari Group Acquisition Corp. and file an initial public offering.[10][3][4] After a delayed merger with the special-purpose acquisition company, Bitdeer was listed on the Nasdaq in April 2023[2] at a valuation of $1.18 billion. In June 2023, Bitdeer announced plans to repurchase as much as $1 million worth of its stock.[5] The company had 211 employees and earned S$485,975,304 in 2023.[14] In 2022, Bitdeer acquired the high-security storage facility Le Freeport in Singapore for S$40 million (US$28.4 million).[15][16] In May 2024, Tether acquired a $100 million stake in Bitdeer through a private placement.[17] In April 2026, Bitdeer introduced the SEALMINER A4 series of bitcoin mining application-specific integrated circuit chips, designed to improve energy efficiency for large-scale mining operations.[18] Data centers and mining operationsIn 2022, Bitdeer sought to raise $200 million from outside investors to purchase discounted hardware.[19][20] By 2023, the company operated five data centers across the United States and Norway.[5] United StatesIn the United States, Bitdeer operates mining facilities in Tennessee, Texas, Washington, and Ohio.[6][21] Bitdeer has been operating a mining facility in East Knoxville, Tennessee since 2018; the facility drew 63 megawatts of power as of 2022.[22] In 2024, the company had approximately 30 employees in Knoxville and was the Knoxville Utilities Board's largest industrial customer, accounting for 9.4 percent of the utility's total electric sales in 2023.[23] Bitdeer is among the largest cryptocurrency mining operations in Texas.[6] Its mining facility in Rockdale is housed in a former aluminum-smelting plant about an hour from Austin.[6] The facility has participated in the Electric Reliability Council of Texas (ERCOT) to reduce electricity usage during periods of grid stress.[24][25][26] In 2023, Bitdeer purchased 31 acres in Massillon, Ohio to construct a mining facility.[7][27] In November 2025, a fire broke out at the construction site, damaging two buildings in the complex. The chief of Massillon Fire Department, Matt Heck, determined no signs of arson were determined[28], though no cause was identified.[29] In April 2026, Bitdeer presented plans for an additional data center facility in Niles, Ohio - a project the company described as a $300 million investment expected to create approximately 50 jobs.[30] In July 2026, Bitdeer started construction of a manufacturing facility in Sparks, Nevada.[31] The facility will produce circuit boards, server chips, and capacitor resistors for bitcoin mining.[32] The factory is planned to start working in January 2027.[31][32] NorwayBitdeer operates mining capacity in Norway.[5] In March 2026, the company began converting its 180-megawatt site in Tydal, previously used for cryptocurrency mining, into high-performance computing capacity for AI workloads.[9] In August 2026, the company leased part of the site's capacity to Volta Infra Holdings under a 16-year agreement valued at US$4.7 billion, backed by $1.3 billion in credit from J.P. Morgan.[33][34] BhutanBitdeer partnered with the government of Bhutan in 2023 to increase mining capacity and create a fund of up to $500 million for green mining operations in the Himalaya kingdom.[5][35] AI cloud platformIn November 2023, Bitdeer announced a partnership with Nvidia to develop AI cloud computing services and began construction on its first AI cloud data center in Singapore, branded Bitdeer AI Cloud.[8] The business line uses Bitdeer's existing data center infrastructure, originally built for cryptocurrency mining, to provide GPU computing capacity to enterprise customers.[36] In March 2026, Bitdeer began converting its 180-megawatt Tydal site in Norway from cryptocurrency mining to AI and high-performance computing workloads.[9] References
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