A look at Bitdeer’s operational update revealed a drop in its mining output in Dec. 2024, although its bitcoin holding remains healthy.
Bitdeer Repays $10 Million Principal Balance on Senior Notes Despite Drop in BTC Production
Bitdeer’s latest mining and operational update showed that its self-mining output in Dec. 2024 was 145 BTC, a 3% decrease from the previous month’s output of 150 BTC.
This drop in mining output came as Bitdeer announced that it had fully repaid the outstanding principal balance of $10 million on the senior secured notes issued to the sellers for the acquisition of Troll Housing AS and Tydal Data Centre AS.
Bitdeer’s total hash rate under management across self-mining, cloud hash rate, and hosting increased from 20.7 EH/s to 21.6 EH/s. The company also experienced a decline in the number of mining machines owned from 178,000 to 175,000.
Despite the month-on-month drop in figures, Bitdeer’s overall yearly position remained strong. The company’s bitcoin holding has grown from 43 BTC in Dec. 2023 to 594 in Dec. 2024, a 1281.4% increase. Linghui Kong, Bitdeer’s Chief Business Officer said,
“2025 is poised to be a transformative year for Bitdeer, marked by many exciting milestones. The mass production of our Sealminer A1 and A2 is set to significantly expand our self-mining hashrate and commence miner sales to third-party customers. We are eager to solidify Bitdeer’s position as a leader in the crypto industry.”
