Recent Updates — BTDR

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.

Bitdeer Technologies Group announced a $4.7 billion, 16-year AI/HPC data center lease for its Tydal, Norway campus with Volta, potentially reaching $8.0 billion with an extension. The company's 9.5MW A102 facility in Malaysia is fully committed under long-term offtake agreements, representing over $800 million in expected contracted revenue. Bitcoin production surged 322% year-over-year to 1,190 BTC in July 2026, with self-mining hash rate reaching approximately 76.7 EH/s and co-mining at 18.7 EH/s. Bitdeer also reported an AI Cloud Annual Recurring Revenue (ARR) of ~$76 million and a total pipeline of 141.4 MW across multiple global locations. The company will transition infrastructure updates from monthly to quarterly disclosures. Bitdeer is a technology company specializing in AI computational infrastructure and Bitcoin mining solutions.

On August 10, 2026, Bitdeer Technologies Group filed an automatic shelf registration statement on Form F-3ASR to register up to US$1 billion of Class A ordinary shares under its existing At Market Issuance (ATM) program. The ATM program utilizes sales agents including Barclays Capital Inc., Cantor Fitzgerald & Co., and others. On August 4, 2026, the Company announced a colocation lease and services agreement with Volta Tydal AS for its Tydal, Norway data center campus. The contract has an initial value of approximately $4.7 billion over 16 years, potentially reaching $8.0 billion with an 8-year renewal option. Bitdeer will deliver 121 IT MW of critical load, requiring remaining capital expenditures of approximately $500 million. Volta’s obligations are backed by approximately $1.3 billion in letters of credit from J.P. Morgan affiliates and another global financial institution. The company operates in the artificial intelligence infrastructure and cryptocurrency mining industry.

Bitdeer Technologies Group reported unaudited financial results for the second quarter ended June 30, 2026. Total revenue increased to US$228.8 million from US$155.6 million in the prior year period, driven by a 389% increase in self-mining hashrate and growth in AI Cloud services. However, cost of revenue rose to US$237.3 million, resulting in a gross loss of US$8.5 million compared to a gross profit of US$12.0 million previously. The company reported a net loss of US$92.3 million versus US$62.9 million, while Adjusted EBITDA improved significantly to US$31.1 million from US$4.6 million. Cash and equivalents stood at US$496.3 million as of quarter-end. Bitdeer operates in the cryptocurrency mining and artificial intelligence infrastructure industry.