Bitdeer Reports Record 990 BTC Mining Output for June as Hash Rate Climbs to 73 EH/s
Key Takeaways
- •Bitdeer mined 990 BTC in June, setting a new company record with a 388% increase over the prior month's output.
- •The company's hash rate climbed to 73 EH/s, surpassing competitor Cipher Mining in active computing capacity.
- •Production growth was partly attributed to Bitdeer's expanding U.S. operations, particularly rising hash rate at its Nevada facilities.
- •Bitdeer has consistently liquidated mined Bitcoin across multiple recent reporting weeks, maintaining zero cryptocurrency holdings on its balance sheet.
- •The record production signals operational momentum but has funded ongoing coin sales rather than treasury accumulation of Bitcoin.
Bitdeer has reported a monthly Bitcoin mining output of 990 BTC for June, marking a record high for the company according to its latest monthly production and operations update. The figure represents a sharp increase over prior months' production levels.
The disclosure was issued as part of Bitdeer's routine monthly operations report, rather than a broader earnings release or strategic announcement. The production update was published through the company's investor relations news releases. For Bitcoin miners, these monthly updates are closely watched because they show operational inputs such as deployed computing power and mined output before fuller financial results are available.
Rising Hash Rate Drives Production Growth
Bitdeer's record June output was accompanied by an increase in hash rate, which reached 73 EH/s, as reported by Dealroom. That figure placed Bitdeer ahead of rival Cipher Mining in terms of active computing capacity. A higher active hash rate is the operational factor most directly tied to increased mined-BTC totals, although realized production can also vary with network difficulty, machine uptime, and site-level conditions.
Part of the capacity growth has been attributed to Bitdeer's expanding U.S. footprint, including a surging hash rate at its Nevada operations, as noted by Yahoo Finance UK. According to Investing.com, the June production figure represented a 388% jump compared to the prior month.
Active Selling Policy Keeps Bitcoin Holdings at Zero
While a record production month signals operating momentum, the extent to which mined output translates into retained treasury value depends on a miner's selling policy. Bitdeer has been an active seller of its mined coins in recent periods.
The company sold 274.6 BTC while maintaining zero Bitcoin holdings in a recent reporting week, as documented in CoinCu's coverage. That pattern has repeated multiple times: Bitdeer sold 223.1 BTC and again kept its holdings at zero, and separately saw its Bitcoin holdings hit zero after a 227.5 BTC sale, as reported by CoinCu and CoinCu.
In Bitdeer's case, higher production has funded sales rather than balance-sheet accumulation. The record June output does not, by itself, indicate a larger Bitcoin treasury position for the company, making future production reports and holdings disclosures relevant for assessing whether the June run rate is sustained and how mined BTC is handled after production.
