Bitdeer Mining Insights

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Pakistan’s crypto minister Bilal Bin Saqib met El Salvador President Nayib Bukele to discuss Bitcoin strategy and signed a Letter of Intent to boost bilateral collaboration. The meeting highlighted El Salvador’s continued Bitcoin adoption despite IMF concerns, with the country now holding over 6,240 BTC.

Bit Digital has announced a $67.3 million equity raise via B. Riley Securities to expand its Ethereum treasury. This marks the company’s second ETH-focused raise in a month, following a $172 million offering in June. Bit Digital has fully transitioned from Bitcoin mining to Ethereum staking, converting 280 BTC into ETH. Its ETH holdings now total over 100,000 ETH.

Russia’s Ministry of Energy confirmed the launch of a nationwide registry of crypto mining equipment to combat unregistered operations. Deputy Energy Minister Petr Konyushenko said the initiative aims to identify electricity use for mining, enabling targeted regulation and taxation. The move, backed by the Ministry of Industry and Trade, seeks to reduce illegal consumption and legitimize the sector.

Bitdeer increased its self-mining hashrate to 16.5 EH/s in June, marking 21% growth and steady progress toward its 40 EH/s target by October 2025. The SEALMINER A3 is nearing mass production, while the company continues R&D on its advanced SEAL04 chip. Bitdeer was also added to the U.S. Russell Indexes, enhancing its visibility among institutional investors.

Bitcoin mining firm Bit Mining announced a strategic shift toward the Solana ecosystem, planning to raise $200–$300 million in phases to build a SOL token treasury. The funds will be used to expand its network capabilities and accumulate more SOL tokens. Bit Mining will also convert part of its crypto reserves into SOL and adopt a long-term holding strategy.