BTDR · Bitdeer Technologies Group

Bitdeer's May 2026 update highlights strong execution in both crypto mining and AI infrastructure. Bitcoin production of 921 BTC reflects a 370% year-over-year growth, propelled by a self-mining hash rate of 70.2 EH/s and co-mining from third-party sites. The company continued to expand its AI cloud capabilities, deploying NVIDIA GB300 NVL72 clusters and maintaining AI Cloud ARR at approximately $69 million. Management emphasized colocation as the top priority, with the Tydal, Norway site in advanced negotiations—a key step toward converting owned power into stable, long-term revenue. The update underscores Bitdeer's dual strategy of scaling Bitcoin mining while transitioning data centers to AI and colocation uses.