2024

Bitcoin

<a href="https://ultramining.com/news/en/bitdeer-pioneers-crypto-mining-expansion-with-norway-and-bhutan-data-centers/" rel="noopener noreferrer nofollow">Bitdeer</a> has announced plans to convert 100 MW of capacity at its Rockdale, <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">Texas</a> facility to hydro-cooling. This project is expected to be completed between December 2024 and February 2025. The use of hydro-cooling will significantly reduce <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">energy costs</a> and increase the efficiency of mining rigs amid the low profitability of Bitcoin mining.
This move is part of Bitdeer's broader plans to upgrade its equipment following the Bitcoin <a href="https://ultramining.com/news/en/heat-waves-and-halving-bitcoin-miners-cash-in-amid-rising-prices/" rel="noopener noreferrer nofollow">halving</a>, which has sharply reduced mining profitability. In addition to the conversion, the company plans to complete mass <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/" rel="noopener noreferrer nofollow">production</a> of its new SEALMINER A1 model by the end of 2024, adding 3.4 EH/s to its computing power.

Bitdeer to Convert 100 MW to Hydro-Cooling for Bitcoin Mining

Ultramining_Eng

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