Bitdeer Technologies Group reported a roughly 50% year-over-year increase in gross profits in the second quarter of 2024, largely as a result of nearly doubling its in-house Bitcoin mining capacity, according to the company’s Aug. 12 earnings report. Gross profit for the second quarter of 2024 increased to $24.4 million from $16.2 million one year prior, according to Bitdeer. Bitdeer increased its capacity for “self-mining” — or mining Bitcoin (BTC) for its own account — from 3.8 exahashes per second (EH/s) to 7.3 EH/s. Cryptocurrency mining is measured by hashrate or the computational power o…