Bitdeer's New Bitcoin Mining Facility in Ohio Caught on Fire

A occurrence successful Massillon, Ohio affected 2 buildings belonging to publically traded Bitcoin miner Bitdeer, the steadfast announced. 

The Tuesday occurrence was extinguished soon aft the section occurrence section was dispatched, and nary injuries were reported. 

“Earlier yesterday day astatine astir 2pm, connected Tuesday, Nov 11, Bitdeer's Massillon tract sustained a occurrence that affected 2 buildings wrong the facility,” the steadfast posted connected X. “The installation is nether operation and tract absorption is investigating to find the origin of the occurrence and grade of the damage.”

Bitdeer’s Massillon tract has been nether operation with its archetypal electrical powerfulness transportation expected to hap this month, according to a caller capitalist update. The occurrence lone affected 2 of the 26 full buildings connected site, and nary mining instrumentality had been installed there, according to the firm. Bitdeer does not expect the occurrence volition person immoderate interaction connected its existent operational hashrate.

In an interrogation with local quality outlet the Canton Repository, occurrence main Matt Heck said the blaze “didn’t look to beryllium thing intentional,” though an probe into the origin and afloat grade of the harm is ongoing. 

Singapore-based Bitdeer has aggregate sites successful Ohio and maintains mining operations successful Texas, Norway, and different locations globally. 

The steadfast reported a nett nonaccomplishment of $266.7 cardinal successful its Q3 earnings telephone earlier this week, sending shares of Nasdaq-listed BTDR down adjacent to 20% and closing Monday astir $17.64. 

Bitdeer Stock Tumbles arsenic Bitcoin Miner Posts Third Quarter Net Loss

Shares person fallen adjacent further since, falling 6% connected Wednesday and present down much than 31% successful the past 5 trading days, changing hands astatine $14.10.

Like different crypto mining firms, Bitdeer has been expanding its scope beyond mining, seeking to seizure accidental provided by the request for computing powerfulness owed to the emergence of generative artificial quality (AI).