Energy costs and site selection are becoming the real edge in crypto mining as AI data-center ambitions grow. The chatter around hyperscalers shaping strategy points to Bitdeer’s expansion into Norway and Bhutan, backed by a 3 GW AI/HPC pipeline [1][4].
Expansion and production Big growth is underway. Bitdeer lifted its total hashrate from 30.3 EH/s to 35 EH/s, a 15.5% jump, with bitcoin output climbing from 375 to 452 BTC [2]. That surge comes with deployment of 5 EH/s of proprietary Sealminer rigs and the activation of new operational sites in Norway and Bhutan [2].
Competitive landscape Riot Platforms remains a peer, but Bitdeer recently surpassed it to become the fifth-largest public Bitcoin miner, a milestone tied to the 5 EH/s step-up [2]. In the broader field, Bitfarms, HIVE Digital, and Canaan Inc are discussed as potential hyperscaler targets [1]. Investors are eyeing the WGMI ETF, which lists BITF and HIVE Digital among its top holdings [1].
AI pipeline and outlook Post 4 notes a strong 3 GW AI/HPC pipeline signaling mainstreaming of AI data centers alongside crypto miners [4]. That pipeline underscores a shift toward AI infrastructure as a bigger growth engine.
Closing thought: energy costs and site strategy will continue shaping which players lead the AI-enabled mining era.
References
Investing in Small Cap AI Data Centers, such as Hive Digital, Canaan Inc & Bitfarms
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