Bitdeer Group Receives $12 Million From Genimous Investment (Hong Kong) for Cloud Hashrate Services

HONG KONG, April 13, 2021 /PRNewswire/ — Bitdeer Group, the group behind, the world’s main digital belongings mining and cloud service platform, has formally introduced that they’ve efficiently been granted funding amounting to $12 million from the Hong Kong subsidiary of Genimous Technology, Genimous Investment (Hong Kong). The funding can be allotted in direction of the additional improvement of the cloud hashrate service of the Bitdeer Group.

On April 1, the Bitdeer Group launched an announcement stating that Genimous Technology has made a big buy order of cloud hashrate providers to the company, with a complete worth of $12 million. The Hong Kong subsidiary of Genimous Technology and Bitdeer Group will collaborate to maximise information alternate and economies of scale, in addition to encourage technical innovation and R&D within the blockchain house for each events. The collaboration between the 2 units the trail for the advance of sustainable improvement at each corporations, whereas making use of the skilled, protected and reliable platforms of the Bitdeer Group.

Genimous Technology, a widely known firm constructed on technical developments in analysis, large information, AI, IOT, and blockchain, is dedicated to creating and offering expertise services and products. Strategic investments in well-known blockchain corporations together with Bitmain, Matrixport, and BitDeer, are central to the company’s mission. They intention to construct skilled groups within the blockchain trade which can be targeted on advances in expertise, analysis, and solution-based innovation to resolve trade issues.

Bitdeer Group is based by Mr. Jihan Wu, a pacesetter within the cryptocurrency trade, in cooperation with Sequoia Capital, IDG, and different well-known blockchain funding establishments. At current, the Bitdeer Group homes two main service platforms, and Mining++, offering customers with full ecological mining providers embody mining providers and administration. The service platforms make for an all-inclusive vary of providers for retail and institutional traders, in addition to miners. As the world’s most dependable digital belongings mining ecological service supplier, the Bitdeer Group has lengthy years {of professional} trade expertise and a deep understanding of blockchain expertise, and thus is a key participant in selling complete enterprise development and extra cutting-edge innovation throughout the house.

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About is the world’s main digital belongings mining and cloud service platform, enabling international customers to mine cryptocurrencies in a clear, dependable, and handy method. It saves customers from the difficult course of of buying, putting in, and internet hosting mining machines. Individual miners can benefit from the service with only one click on.

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Bitdeer Group Receives $12 Million from Genimous Investment (Hong Kong) For Cloud Hashrate Services

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