Mining company Bitdeer partners with NVIDIA to launch cloud computing platform Bitdeer AI Cloud

BitDeer is expected to launch a high-performance cloud computing platform based on NVIDIA DGX SuperPOD in the first quarter of 2024.

Bitdeer AI Cloud: Cloud Computing Service by Bitdeer

According to a press release, Bitdeer has announced its partnership with NVIDIA as a preferred cloud service provider in the NVIDIA Partner Network, becoming one of the first cloud services in Asia supported by the NVIDIA DGX SuperPOD system.

Bitdeer also plans to launch the Bitdeer AI Cloud, which will grant Bitdeer users access to NVIDIA AI supercomputing for accelerated generative AI, large language models (LLM), and other AI development related to computing power.

Both Bitdeer CEO Matt Linghui Kong and NVIDIA DGX Platform Senior Director Tony Paikeday expressed their excitement about the collaboration.

Bitdeer Stock Price Plummets by 80%

According to data, Bitdeer's stock price plummeted by 80% from late September to the end of October. Previous reports indicated a net loss of $40.4 million in Q2, mainly due to expenses related to its previous reverse merger listing.

However, this was before the price of BTC had rebounded, with publicly listed mining companies like Marathon Digital and Riot showing losses. Given BTC's performance in the second half of the year, mining companies are expected to deliver impressive financial reports early next year.

Review of Bitdeer Financial Report: Bitdeer continues to grow, Bitcoin price remains stagnant, mining companies still struggling