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Welcome back to The Mining Pod! Today, Haris Basit, CSO at Bitdeer, joins us to break down their Q3 results, where revenue hit $169.7M (up 173% YoY), self-mining production doubled to 1,109 BTC, and they achieved 41.2 EH/s of self-mining capacity. We dive deep into Bitdeer’s AI and HPC expansion strategy across sites in Norway, Tennessee, Washington, and Ohio, discuss the SEALMINER A3’s production schedule and A4 chip development delays, and get updates on the Massillon facility fire recovery.
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**Notes:**
• Revenue up 173% YoY to $169.7M
• Self-mining doubled: 565 to 1,109 BTC
• Hash rate reached 41.2 exahash in October
• Adjusted EBITDA: $43M vs -$7.9M last year
• SEALMINER delays
• AI expansion: planned across 4 sites
Timestamps:
00:00 Start
03:32 Overview of report
05:43 Colocation vs self mining vs neoloud
09:30 Why do both colocation & neocloud?
10:42 Facility fire
12:13 Bhutan
15:01 Convertible notes
16:43 Future financing options
18:54 Cloud mining profitability
19:57 Choosing where to locate services
22:11 Alberta
24:03 Ethiopia
25:20 ASIC production
28:35 A4 delays
31:39 What's coming?
