Bitdeer's Dual Growth
Bitdeer reports massive 388% Bitcoin mining surge while expanding AI cloud globally
Anonymous
Key Points
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Bitdeer’s June operations show a co-mining hash rate of 15.9 EH/s with total rigs under management rising to 289,000, and the company held about 150 BTC at the end of June.
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In Malaysia, Bitdeer signed a 10-year lease for 21.7 MW of AI data-centre capacity in Johor Bahru, with handover expected in Q1 2027, and the facility is planned to support 128 Nvidia GB300 NVL72 systems.
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Bitdeer also secured a separate colocation AI data center site in Tydal, Norway, with the lease reportedly subject to certain conditions.
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A Sealminer manufacturing facility in Sparks, Nevada, was groundbreaking, targeting completion by the end of 2026 as part of Bitdeer’s hardware ecosystem expansion.
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Bitdeer’s total global electrical capacity stands around 3,025 MW, comprising about 1,797 MW online and 1,228 MW in the pipeline, highlighting substantial scalable infrastructure capacity.
Bitdeer Technologies (NASDAQ: BTDR) mined 990 Bitcoin in June 2026, a 388% jump from just 203 BTC a year earlier, according to Yahoo Finance. The company's self-mining hash rate hit 73.0 EH/s, and total mining capacity reached 86.1 EH/s. Bitcoin production also rose month-over-month, up from 921 BTC in May.
The surge reflects Bitdeer's rapid infrastructure buildout — and it is not stopping at crypto. The company is also pushing hard into AI cloud services, hitting 95% GPU utilization and roughly $76 million in annualized recurring revenue, per CryptoProwl.
990 BTC Mined as Hash Rate Hits Record Levels
Bitdeer's self-mining fleet now spans 289,000 rigs under management, with a co-mining hash rate of 15.9 EH/s on top of its core 73.0 EH/s, according to TipRanks. The company held about 150 BTC on its balance sheet at the end of June. Total global electrical capacity stands at roughly 3,025 MW — about 1,797 MW online and 1,228 MW still in the pipeline.
GuruFocus noted that the 388% year-over-year gain is one of the sharpest production increases among publicly listed Bitcoin miners. Bitdeer operates sites across the United States, Norway, and Bahrain, giving it a geographically spread base that limits exposure to any single energy market.
AI Cloud Business Scales to 95% Utilization Rate
Bitdeer's AI cloud unit deployed 4,248 GPUs in active use, with 3,517 under external subscription, per CryptoProwl. The 95% utilization rate signals very strong demand. Annualized recurring revenue reached approximately $76 million — a key number for investors watching whether the AI pivot can generate real cash flow.
TipRanks reported that Bitdeer's stock surged following the June metrics release, driven by enthusiasm around both the Bitcoin production jump and the AI expansion. Analysts see the dual focus — scaling crypto mining while building AI infrastructure — as a differentiator in a crowded market.
Malaysia and Norway Deals Anchor Global AI Data Center Push
Bitdeer signed a 10-year lease for 21.7 MW of AI data-center capacity in Johor Bahru, Malaysia. Handover is planned for Q1 2027. The facility is designed to support 128 Nvidia GB300 NVL72 systems — top-tier GPU hardware built for large AI workloads, according to Yahoo Finance.
Separately, Bitdeer secured a colocation AI data center site in Tydal, Norway, though that lease is still subject to certain conditions. The Norway site adds to existing operations in the region and gives Bitdeer access to low-cost renewable energy, a major cost advantage for both mining and AI compute.
Nevada Sealminer Factory Breaks Ground for 2026 Completion
Bitdeer broke ground on a Sealminer manufacturing facility in Sparks, Nevada. The company is targeting completion by the end of 2026, per GuruFocus. Sealminer is Bitdeer's proprietary mining rig brand. Building its own hardware cuts reliance on outside suppliers like Bitmain and gives Bitdeer more control over costs and delivery timelines.
The Nevada groundbreaking is part of a broader strategy to own more of its supply chain. Combined with new data centers in Malaysia and Norway, the moves show Bitdeer building an end-to-end operation — from chip manufacturing to cloud computing — that goes well beyond simple Bitcoin mining.
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