Headquartered in Singapore and founded in 2021, Bitdeer Technologies Group has carved a niche for itself in the cryptocurrency mining industry. Unlike some competitors who focus solely on mining for themselves, Bitdeer offers a comprehensive suite of solutions for both individual miners and institutions.
Bitdeer operates three core business lines: proprietary mining, hash rate sharing, and hosting. Their proprietary mining involves using their own data centers in the United States and Norway to mine cryptocurrencies directly. This allows them to generate revenue from the mined coins.
For those who don't want the hassle of managing their own mining equipment, Bitdeer offers hash rate sharing solutions. Through "Cloud Hash Rate," users can purchase hash rate (computing power) directly from Bitdeer. Bitdeer then shares the resulting mining profits based on the chosen plan. They also offer a "Hash Rate Marketplace" where miners can buy and sell hash rate from each other.
Finally, Bitdeer caters to miners who already own their equipment with its hosting services. This includes data center space, maintenance, and management, allowing miners to focus on the mining process itself.
Bitdeer is also looking towards the future of cryptocurrency mining. Their recent announcement of the SEALMINER Technology Roadmap highlights their dedication to developing innovative and efficient mining technologies. This focus on efficiency aligns well with the growing emphasis on sustainable cryptocurrency mining practices.