Crypto mining company Bitdeer said it has secured a $200 million strategic investment and plans to use the proceeds to expand its artificial intelligence cloud and data center business. According to the company’s announcement, the investors are a sovereign wealth fund and a global private equity firm, though their identities were not disclosed. Bitdeer was founded by Bitmain co-founder Jihan Wu and operates as a one-stop provider of Bitcoin mining solutions. The company said the new capital is expected to speed up its push into AI infrastructure, adding a new growth focus alongside its mining-related operations. The announcement did not provide further details on the investors or the structure of the transaction.
Crypto mining company Bitdeer said it has secured a $200 million strategic investment and will use the capital to expand its artificial intelligence cloud and data center business.
Investors not named
According to the announcement, the investment came from a sovereign wealth fund and a global private equity firm. Their identities were not disclosed.
Company background and planned use of funds
Bitdeer was founded by Bitmain co-founder Jihan Wu and describes itself as a one-stop provider of Bitcoin mining solutions. The company said the new investment is expected to accelerate its buildout in AI infrastructure.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
