Bitdeer's Hash Rate Soars Amid Co-Mining Deal with Soluna

Bitdeer Technologies Group recently reported that its July hash rate under management reached 81.7 EH/s, a significant milestone in its Bitcoin mining operations.

In addition to this achievement, Bitdeer announced a co-mining agreement for 28 MW of equipment at Soluna's wind-powered Project Kati 1 in Texas.

This deal adds roughly 1.93 EH/s of hosted capacity without Bitdeer owning the site or power plant outright, which could be seen as a more capital-disciplined approach compared to its heavier build-outs like the 101 MW gas plant in Alberta.

As the company continues to grow its hash rate and AI ambitions, investors should be aware that its reliance on substantial borrowings and equity issuance may pose risks to its financial stability.