Recent Updates — BTDR
Bitdeer Technologies Group announced its unaudited operations update for September 2026, highlighting a 200% year-over-year increase in Bitcoin mining output to 1,355 BTC. The company's self-mining hash rate reached approximately 82.3 EH/s, while co-mining contributed an additional 28.7 EH/s. In its AI Cloud segment, Bitdeer secured offtake commitments covering over 70% of its A201 facility in Malaysia, generating more than $1.7 billion in expected revenue over five years and bringing the total AI Cloud revenue backlog to approximately $2.9 billion. Additionally, the company acquired 200 acres near its Rockdale facility for future development and announced a collaboration with NVIDIA on enterprise agent safety. Bitdeer is a world-leading technology company providing AI neocloud services and Bitcoin mining infrastructure.
The board authorized a new buyback of up to US$100 million in Class A ordinary shares, effective October 8, 2026 through October 7, 2028. This replaces the previous $40 million program which has been fully utilized. Bitdeer Technologies Group operates in the cryptocurrency mining and blockchain infrastructure industry.
Bitdeer Technologies Group reported a net loss of $251.8 million for the six months ended June 30, 2026, compared to net income of $42.4 million in the prior year period. Total revenues increased 85% to $417.7 million, driven by a 226.5% surge in self-mining revenue to $315.2 million and growth in AI cloud services, despite a sharp decline in mining rig sales. The company incurred a gross loss of $47.6 million due to increased depreciation and electricity costs associated with expanded operations. In recent developments, Bitdeer acquired 200 acres in Texas for approximately $100 million and secured an $8 billion potential colocation agreement with Volta Tydal AS in Norway. Additionally, the company issued $375 million in convertible senior notes in February 2026 and drew down significant facilities under its BIT Assets Collateralized Loan arrangement. Bitdeer operates in the cryptocurrency mining and digital asset infrastructure industry.
Bitdeer Technologies Group announced its August 2026 operations update, highlighting significant growth in both AI infrastructure and Bitcoin mining. The company secured a non-binding Letter of Intent to develop an initial 30 MW AI data center in Bhutan with expansion potential to 500 MW. It also executed a 10-year agreement for an additional 65.1 MW at its A202 facility in Malaysia, bringing total campus capacity to 86.8 MW. Bitdeer acquired 200 acres near its Rockdale facility and announced a 16-year lease for its Tydal, Norway campus valued at approximately $4.7 billion with potential expansion to $8.0 billion. Bitcoin production surged 249% year-over-year to 1,310 BTC, while self-mining hash rate reached ~79.9 EH/s and AI Cloud ARR grew to ~$86 million. Bitdeer will transition infrastructure updates from monthly to quarterly disclosures. Bitdeer is a technology company specializing in AI computational infrastructure and Bitcoin mining solutions.
Bitdeer Technologies Group acquired approximately 200 acres of greenfield land in Milam County, Texas, for $100 million paid in cash. The acquisition is located near the company's existing 563 MW Rockdale facility and provides fee simple ownership to support long-term AI/HPC infrastructure development. This purchase expands Bitdeer's controlled portfolio in the region to approximately 255 acres with 742 MW of existing and pipeline power capacity, contributing to a global total of roughly 3.0 GW across facilities in the US, Norway, Bhutan, Canada, Malaysia, and Ethiopia. The company operates in the AI and Bitcoin mining infrastructure industry.