Bitdeer
A welding-related blaze amid strong winds destroyed two buildings at Bitdeer's under-construction Massillon, Ohio, mining site; no injuries were reported and mining equipment had not yet been installed, limiting immediate operational impact.
A fire affected two buildings at Bitdeer's Massillon, Ohio mining site on Tuesday; authorities are investigating and there were no immediate reports of injuries. The company has not yet disclosed the extent of operational or financial damage.
A fire broke out at Bitdeer's bitcoin mining site in Ohio on Tuesday, with no injuries reported. The incident comes after the company's shares plunged more than 30% following its third-quarter earnings release.
Bitdeer commits $240M to TSMC for SEAL02 chip production aiming at 40 EH/s hashrate with new miners launching in 2025. Meanwhile, Bitcoin faces short-term pressure with risks of dipping amid regulatory wins for DeFi and ongoing market factors. Institutional investments, particularly ETFs, drive Bitcoin’s rally, highlighting a distinct phase before a broader bull market unfolds.
Bitdeer has invested $240 million in TSMC to enhance chip production for SEAL02, aiming for a hash rate of 40 EH/s. Standard Chartered forecasts Bitcoin might reach $100,000 this year and $200,000 by 2025, driven by SEC-approved Bitcoin ETFs.
Bitdeer is making significant strides in the cryptocurrency mining industry with a massive $240 million investment in Taiwan Semiconductor Manufacturing Company (TSMC) aimed at producing SEAL02 chips. This move is expected to bolster their mining performance to a staggering 40 EH/s. The rollout of the SEALMINER A2 is set for 2025, marking a pivotal development in Bitdeer's strategy to optimize mining efficiency.