Bitdeer has secured a loan of 60 million USD from Matrixport, which aims to enhance its Bitcoin ASIC production amid record-breaking network hashrates.
The firm has already utilized 43 million USD of the total loan amount, which has a maximum limit of 200 million USD.
As Bitcoin’s network hashrate surged, competition among miners intensified, leading to reduced individual block reward opportunities and affecting overall profitability.
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