According to reporting from CoinTelegraph, Bitdeer increased its Bitcoin mining output by nearly fivefold in the second quarter of this year.
The company mined a total of 2,694 BTC during this period, however, it ended the quarter with a relatively low treasury, holding just 150 BTC.
This is likely due to the fact that Bitdeer liquidated its treasury earlier in the year, resulting in the company's low Bitcoin holdings despite its increased mining output.