PANews reports on April 22 that Bitdeer has raised $179 million through loans and equity financing to accelerate its Bitcoin ASIC manufacturing business. The company has reached a loan agreement of up to $200 million with Matrixport and obtained an unsecured loan of $17 million in January. Additionally, Bitdeer raised $118.8 million by issuing stocks. The funds will be used to expand ASIC manufacturing and internal chip development to challenge companies like Bitmain and MicroBT. In 2024, Bitdeer generated approximately $147 million in gross profit from mining and hosting businesses and invested heavily in the production of SEALMINER series chips.
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