Cryptocurrencies make most people think of trading and extreme volatility, but there’s far more to the ecosystem than what takes place on exchanges. Longtime members of the crypto community recognize that the genesis of digital assets is just as important and interesting, because that’s how major digital assets come into existence.
Cryptocurrencies make most people think of trading and extreme volatility, but there’s far more to the ecosystem than what takes place on exchanges. Longtime members of the crypto community recognize that the genesis of digital assets is just as important and interesting, because that’s how major digital assets come into existence. Bitdeer Group is here to provide services spanning hardware, software, and wide-ranging support to meet the mining needs of customers all over the world. Here are five facts about Bitdeer Group that highlight our capabilities and pedigree.
#1. Bitdeer Group Was Founded by Jihan Wu
Known chiefly as a translator of Satoshi Nakamoto’s original Bitcoin whitepaper, Jihan Wu was one of the first Bitcoin evangelists who introduced the cryptocurrency to early adopters. In 2013, Wu founded Bitmain, which designs hardware and other solutions for blockchain and artificial intelligence applications. In 2019, Wu co-founded Matrixport, a fast-growing one-stop digital asset financial services platform, which became a unicorn in 2021 with a valuation of $1 billion. In 2020, Wu founded and served as the chairman of Bitdeer Group, committed to building the most reliable digital asset mining service provider. Bitdeer Group is one of the largest cryptocurrency mining companies in the world, and its "cloud hashrate" occupies a 36.5% market share.
Wu’s lengthy tenure within the crypto space makes him one of the most credible and influential figures in this line of business.
#2. Bitdeer Group Operates 3 Business Lines
Bitdeer Group has three business lines —— Cloud Hashrate, Mining Datacenter, and Minerplus. Cloud Hashrate offers straightforward traceability for shared miners, direct payouts from the mining pool, and customizable service plans in a one-click mining solution that includes more than 10 cryptocurrencies. Mining Datacenter develops and runs standardized, professional mining facilities that wield the world’s most sizable aggregate mining capacity. Minerplus provides a proprietary infrastructure software suite that monitors, operates, manages, and safeguards mining equipment.
Together, these three business lines of Bitdeer Group offer globally compliant and expansive services.
#3. Bitdeer Group’s Mining Datacenter Draws from Eight Years of Professional Experience
Mining Datacenter was the first professional operation to formalize mining facilities. Its first facility broke ground in 2013 and became fully operational in January 2016. Now, it has more than 30 locations worldwide that altogether are responsible for around 3.1% of the entire Bitcoin blockchain’s hashrate. It runs one of the largest mining programs in North America.
#4. Bitdeer Group Has a Global Footprint
With its headquarters in Singapore, Bitdeer Group has branches in Europe and North America. It employs many talented people worldwide.
Bitdeer Group’s staff members have professional expertise in the digital asset sector. More than 21% hold master’s degrees or higher academic qualifications, and 40% of Bitdeer Group’s global headcount works in research and development.
This means the technical proficiency of Bitdeer Group is distributed on a global scale and is online 24 hours a day, seven days a week, to mitigate risk and enable versatile, consistent, and stable mining operations.
#5. Bitdeer Group Is an All-Inclusive Digital Asset Mining Service Provider
The full set of services offered by Bitdeer Group makes it a one-stop shop for institutions and individuals who seek to generate digital assets at their origin points. The Group’s three arms cover the procurement of mining equipment, logistics, power management, operation and maintenance of mining facilities, regulatory compliance, cybersecurity, and the deployment of efficiency-boosting smart software.
*Information provided in this article is for general information and reference only and does not constitute nor is intended to be construed as any advertisement, professional advice, offer, solicitation, or recommendation to deal in any product. No guarantee, representation, warranty or undertaking, express or implied, is made as to the fairness, accuracy, timeliness, completeness or correctness of any information, or the future returns, performance, or outcome of any product. Bitdeer expressly excludes any and all liability (to the extent permitted by applicable law) in respect of the information provided in this article, and in no event shall Bitdeer be liable to any person for any losses incurred or damages suffered as a result of any reliance on any information in this article.
Bitdeer Technologies Group, the Singapore-based crypto mining platform controlled by mogul Jihan Wu, saw its shares surge 122% over the past month as the company announced a share buyback amid traditional financial firms’ renewed interest in digital assets.