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Crypto miner Bitdeer faces steep Q4 loss but eyes 40 EH/s hashrate goal

Bitdeer Technologies Group reported a $531.9 million loss for the fourth quarter of 2024, a sharp increase from the $5 million loss in the same period the previous year. Bitdeer, the blockchain and fast computing-focused company released financial results for the fourth quarter and full year of 2024. The company reported a net loss of … Read more

HIVE Digital buys Bitfarms’ Paraguay site for $56m, targets 25 EH/s by Q3

HIVE Digital has signed a multi-million deal to acquire a 200 MW mining site in Paraguay, with plans to achieve 25 EH/s by September. Canadian Bitcoin (BTC) mining giant HIVE Digital is set to acquire Bitfarms‘ 200 MW hydro-powered mining site in Paraguay, boosting its mining power to 25 EH/s by September. The power pump … Read more

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