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Bitdeer’S Mining Magic: We Doubled Our Profits And Now You Owe Us More Money

BitcoinDeFiEthereum 2 Barry Thompson August 13, 2024

An illustration of a Bitcoin miner's rig surrounded by rising arrows and dollar signs amidst a darkening background, while the surrounding environment is filled with bright lights representing growth; at the center of this scene lies an image of a rocket blasting off into space symbolizing rapid expansion and progress. The overall atmosphere conveys a sense of prosperity and upward momentum. In contrast to the brightness around it, the miner's rig itself appears slightly weathered but still robustly standing against its surroundings, signifying resilience in growth. At the top edge of this ima

Oh boy, here we go again! Another “exciting” earnings report from a cryptocurrency company that’s just trying to make it big by mining some numbers on the internet. And what do you know? They managed to double their profits (yay!) and increase their capacity for self-mining (whatever that means). I’m sure this has nothing to do with the fact that they took $150 million in private financing from Tether, a company known for its shady stablecoin practices

Source: cointelegraph

Bitdeer clocks 50% gross profit jump amid Bitcoin mining ramp up
https://cointelegraph.com/news/bitdeer-clocks-50-gross-profit-jump-bitcoin-mining-ramp-up
Bitdeer Technologies Group reported a roughly 50% year-over-year increase in gross profits in the second quarter of 2024, largely as a result of nearly doubling its in-house Bitcoin mining capacity, according to the company’s Aug. 12 earnings report.  Gross profit for the second quarter of 2024 increased to $24.4 million from $16.2 million one year prior, according to Bitdeer. Bitdeer increased its capacity for “self-mining” — or mining Bitcoin (BTC) […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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