The shares of cloud mining firm BitdeerOfficial, one of the largest bitcoin miners in the world, tumbled at trading debut, after completion of its SPAC deal. egreechee reports
About one quarter of that is used for self-mining, meaning it keeps the bitcoin rewards, whereas the rest is given out for cloud mining, meaning customers rents its machines and reap the rewards.Bitdeer was born out of the world’s largest rig manufacturer, Bitmain, when after a spat between the two co-founders, one of them left and took Bitdeer.
and mining equities in many cases outperforming the digital asset in percentage growth. In the future the"market will begin to shift from not only focusing on operators with the biggest scale, but also operators with the best unit economics," said investment bank Stifel Nicolaus's analyst Bill Papanastasiou.
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