Bitdeer Group
 | |
| Industry | Software Development |
|---|---|
| Founded | 2020 |
| Founder | Jihan Wu |
| Headquarters | Singapore |
| Services |
|
| Website | bitdeer |
Bitdeer Technologies Group (Nasdaq: BTDR) is a world-leading technology company in the blockchain and high-performance computing industry. Founded by Jihan Wu,[1][2][3] an early advocate and pioneer in cryptocurrency who cofounded multiple leading companies serving the blockchain economy. Headquartered in Singapore,[4][5] Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. The company handles complex processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The company also offers advanced cloud capabilities to customers with high demand for artificial intelligence.
History
Products and Services
- IC designs & hardware manufacturing
- Bitcoin mining chip: SEAL series
- Bitcoin mining machine: SEALMINER series
- Mobile Bitcoin mining datacenter: Minerbase
Mining Datacenter
Bitdeer offers one-stop mining datacenter management services, including site identification, construction, logistics, and operation. The company's team of experts provides comprehensive support to ensure that mining datacenter run smoothly and efficiently.
High-Performance Computing
Bitdeer is among the first Asia-based cloud service providers powered by NVIDIA DGX H100 SuperPOD services designed specifically for AI activities. As a professional AI training platform, it is designed to deliver exceptional performance for business across diverse workloads, providing end-to-end comprehensive AI solutions, from instance, model development, training, and deployment to application garden.
Cloud Hash Rate
Bitdeer offers cloud hash rate services, allowing users to mine cryptocurrencies without the need for physical mining hardware. This service provides a flexible and cost-effective way for individuals and businesses to participate in mining.
Technology and Innovation
Minerplus, a self-developed integrated intelligent software platform, offers software support to significantly reduce the time needed for daily maintenance and mining machine upgrades, minimizing operations and maintenance personnel needs.
Community and Social Responsibility
Bitdeer has taken various measures to increase the ratio of clean energy in support of the mining datacenter’s operations. The company's research and development team continuously works on improving the efficiency and performance of mining machines and developing new technologies to reduce energy consumption and environmental impact.
In 2021, Bitdeer Group sponsored the University of Wyoming's annual WyoHackathon. Its contribution allowed the University of Wyoming students to engage with cryptocurrency industry experts and leaders across emerging blockchain use cases.
In 2021, the Bitdeer Group donated to Rockdale Volunteer Firefighters. This donation allowed first responders to purchase emergency ventilation equipment.[10]
Acquisitions
The company expanded into a physical asset space and spent $40 million ($28.4 million) to buy Le Freeport, a maximum-security vault in Singapore. The vault was originally constructed to resemble the high-security storage vaults in Luxembourg and Geneva. Freeport has also been dubbed Singapore's Fort Knox for fine art and collectibles.[11][12]
Awards and Recognition
- Acknowledged as a leader in Cryptocurrency Mining Software by SourceForge, 2022[13]
- Awarded the Friend of SRC Award (FSRCA) by the Singapore Red Cross, 2022[14]
- Named one of Singapore’s fastest-growing companies in 2024 and is the first blockchain company to receive this recognition for its rapid growth and commitment to the local economy[15]
- Recognized by the Financial Times as High-Growth Companies Asia-Pacific 2024.[16]
References
- ↑ "Bitmain Cofounder Jihan Wu Says 'Crypto Industry May Surpass the Internet' – Featured Bitcoin News". May 2021.
- ↑ "Bitmain Cofounder Jihan Wu Says 'Crypto Industry May Surpass the Internet' – Featured Bitcoin News". May 2021.
- ↑ "Crypto Tycoon Jihan Wu's Mining Platform Bitdeer Gains 122% On Buybacks". Crypto Tycoon Jihan Wu’s Mining Platform Bitdeer Gains 122% On Buybacks. Retrieved 6 January 2025.
- ↑ "Crypto Tycoon's Bitdeer Debuts Fund Targeting Distressed Miners". www.bloomberg.com. Retrieved 6 January 2025.
- ↑ Mason, Emily. "Crypto Billionaire Jihan Wu Aims To Raise $200 Million To Purchase Assets From Struggling Bitcoin Miners". Forbes. Retrieved 6 January 2025.
- ↑ Lee, Zinnia. "Jihan Wu's Crypto Mining Platform Bitdeer To Go Public In $4 Billion SPAC Deal". Forbes. Retrieved 6 January 2025.
- ↑ "Crypto miner Bitdeer to go public on Nasdaq via SPAC deal". Yahoo Finance. Retrieved 6 January 2025.
- ↑ Huang, Vicky Ge (10 May 2023). "Crypto Companies Test the Public Markets". Wall Street Journal. Retrieved 6 January 2025.
- ↑ Linares, Maria Gracia Santillana. "Crypto SPACs Wither On The Vine As Wall Street Rally Leaves Them Behind". Forbes. Retrieved 6 January 2025.
- ↑ "New developments made in bitcoin mining companies located in decommissioned Alcoa power plant". 25 News KXXV and KRHD. 5 May 2021. Retrieved 6 January 2025.
- ↑ "Chinese Crypto Tycoon-Backed Bitdeer Buys Asia's 'Fort Knox". bloomberg.com. Retrieved 6 January 2025.
- ↑ "Chinese Crypto Tycoon-Backed Bitdeer Buys Asia's 'Fort Knox'". finance.yahoo.com. Retrieved 6 January 2025.
- ↑ "Bitdeer Recognized as a 2022 Leader in Cryptocurrency Mining Software by SourceForge". businesswire.com. Retrieved 6 January 2025.
- ↑ Lim, Clara. "Close to 100 Singapore Red Cross volunteers, donors and partners honoured at Singapore Red Cross Awards Ceremony". Singapore Red Cross. Retrieved 6 January 2025.
- ↑ "Singapore's fastest-growing companies 2024". The Straits Times. Retrieved 6 January 2025.
- ↑ "FT ranking: High-Growth Companies Asia-Pacific 2024". ft.com. 13 March 2024. Retrieved 6 January 2025.