Bitdeer secures $60M to boost Bitcoin ASIC production amid record hashrate

Bitcoin mining firm Bitdeer has secured a $60 million loan to ramp up its Bitcoin ASIC manufacturing efforts as global mining competition intensifies amid record-breaking network hashrates. According to its annual report, Bitdeer entered a loan agreement in April with affiliate firm Matrixport, a crypto financial services company founded by Bitdeer chairman Jihan Wu. The facility offers up to $200 million, backed by Bitdeer’s Sealminer hardware, with a floating interest rate of 9% plus market benchmarks. As of April 21, Bitdeer had drawn $43 million from the credit line source: https://cointelegraph.com/news/bitdeer-60m-loan-expansion-bitcoin-asic-hashrate-record?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound