Bitdeer Technologies Group Class A Ordinary Shares
Bitdeer Technologies Group operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, Norway, Finland, Ethiopia, Canada, and internationally. The company offers hash rate sharing solutions, including cloud hash rate and hash-rate subscription plans; and a one-stop mining rig hosting solution comprising deployment, maintenance, and management services for cryptocurrency mining; as well as mining cryptocurrencies for its own account. It also operates mining datacenters to generate hash rates; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining rigs. In addition, the company offers Minerplus, a software platform that offers software support to reduce time needed for daily maintenance and mining rig upgrade; AI infrastructure and AI cloud business to offer advanced AI cloud capabilities, HPC services and colocation services; and mining solutions under the SEALMINER brand. The company is headquartered in Singapore.
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Bitdeer Adds 28 MW at Soluna's Wind-Powered Texas Mining Site
Soluna Holdings has signed a 28-megawatt co-mining agreement with Bitdeer Technologies Group, adding approximately 1.93 EH/s of Bitcoin mining capacity at its wind-powered Project Kati 1 site in South Texas. Bitdeer will deploy SEALMINER A2 Pro Air machines beginning in September 2026, with capacity scheduled to come online in batches. Soluna will provide the site, power and turnkey operations, while Bitdeer will own the mining equipment and both companies will share proceeds generated by the deployment. The agreement introduces a new structure for Soluna's Bitcoin platform, allowing the company to participate directly in mining economics alongside Bitdeer rather than collecting only hosting revenue. Project Kati 1 is an 83 MW data center in Willacy County that delivered its first gross profit during the second quarter, and the Bitdeer deployment will be located in the K1BC phase, extending activity at Soluna's largest operating site.
Bitdeer Technologies Group's artificial intelligence division, Bitdeer AI, has secured a five-year contract covering roughly half of its A102 AI data center in Malaysia before the facility is energized. The undisclosed customer, described by Bitdeer as being of high credit quality, has committed to approximately 50% of A102's 9.5-megawatt capacity, and the agreement is expected to generate about $400 million in revenue over five years. Bitdeer said the contract will not contribute to revenue this year, with services expected to start in the first quarter of 2027, when the company will begin recognizing revenue and related costs. The A102 facility is designed for high-density computing and uses liquid cooling to support NVIDIA GB300 NVL72 systems, and Bitdeer is targeting 350MW of AI cloud data center capacity by the first quarter of 2028, with A102 accounting for 9.5MW of that planned capacity. The company said its pipeline for AI cloud capacity has now exceeded $2 billion, while negotiations are underway for the remaining capacity at A102 and other sites. Bitdeer shares climbed about 7% on Wednesday and were up nearly 10% on Thursday, trading at $10.58 apiece.
Bitdeer Technologies Stock Falls on Earnings Miss and Share Offering
Bitdeer Technologies Group shares fell nearly 20% this week after the company reported second-quarter results that missed analyst estimates and announced a potential $1 billion at-the-market share offering. Revenue came in at just under $229 million, below the slightly above $231 million analysts expected, while the net loss deepened to over $92 million, or $0.37 per share, compared with a $0.32 loss estimate. The company also disclosed plans to float up to $1 billion of class A ordinary shares. The developments came shortly after Bitdeer announced a roughly $4.7 billion, 16-year lease with AI infrastructure company Volta for 121 IT megawatts of AI compute.
Anthropic Signs 20-Year, $9.1 Billion AI Computing Deal with Riot
Anthropic has reportedly signed a 20-year computing contract worth $9.1 billion with Riot Platforms. Bloomberg reported that the counterparty to Riot's August 10 data center deal for 191 megawatts of IT capacity is Anthropic. Meanwhile, Bitdeer's second-quarter results showed AI cloud revenue surging from $1.3 million a year earlier to $14 million, but depreciation, power costs, and AI infrastructure investments pressured profitability, widening the net loss from $62.9 million to $92.3 million. The company manages about 2.98 gigawatts of power capacity globally and continues AI infrastructure investments, including a 16-year AI and HPC colocation deal worth approximately $4.7 billion for the Tydal project in Norway.
Bitdeer Reports Record Hash Rate Growth and $4.7 Billion Norway Lease
Bitdeer Technologies Group reported second-quarter 2026 revenue of $228.8 million, up 47% year over year, while its self-mining hash rate surged 342% to 73 exahash per second and Bitcoin production jumped 377% to 2,694 BTC. The company also announced a $4.7 billion, 16-year colocation lease with Volta at its Tydal, Norway site, covering 133 gross megawatts of the site's total 180 gross megawatts, with Bitdeer retaining the remaining 47 megawatts for its own AI cloud use. Gross profit remained negative at negative $8.5 million, yielding a negative 3.7% gross margin, and the operating loss widened to $101.7 million, resulting in a net loss per share of $0.37. Adjusted EBITDA rose 575% year over year to approximately $31.1 million, and the AI cloud business generated $14 million in revenue, up 284% sequentially, with annual recurring revenue reaching approximately $76 million and GPU utilization at 95%. The company ended the quarter with approximately $496 million in cash and cash equivalents, while long-term debt stood at approximately $1.8 billion, and it revised full-year crypto mining infrastructure capital expenditure guidance to between $200 million and $280 million.
Anthropic locks in $10 billion European compute deal with startup Volta Infra
Anthropic has entered into a six-year, $10 billion compute capacity agreement for a 133 MW data center in Norway, marking its first dedicated European AI compute footprint. The facility, operated by Bitdeer Technologies Group at its Tydal campus, will house Nvidia Vera Rubin chips and is powered by renewable hydropower. The deal is structured through Volta Infra Holdings, a Singapore-based startup founded in January 2026, which recently raised $300 million in seed and Series A funding at a $2.4 billion valuation. A $1.3 billion standby letter of credit from J.P. Morgan and another global bank shifts credit risk away from the developer. Phase 1 of the project is targeted for completion by December 31, 2026, with Phase 2 following on March 31, 2027.
Mining stocks no longer surge on AI pivot announcements as market reaction cools
Bitcoin mining companies are finding it harder to spark a sharp rally in their share prices even when they announce AI-related deals. According to analysis presented by BlocksBridge Consulting, across 25 AI and HPC infrastructure announcements between June 2024 and August 4, 2026, the absolute value of the single-day stock move on the announcement date fell from 32.5 percent to 6.3 percent. The average for the first eight deals in the study period was 24.1 percent, while the most recent eight averaged just 10.2 percent. Even TeraWulf's 401-megawatt lease deal with Anthropic, worth roughly 19 billion dollars, saw its closing price rise only 4.9 percent. CleanSpark's 6.6 billion dollar, 175-megawatt contract gained 8.8 percent, and Bitdeer's 4.7 billion dollar, 121-megawatt project briefly jumped 12 percent before giving back all the gains by the close. The scarcity value of an AI strategy has faded, and investors are now scrutinizing tenant creditworthiness and profitability much more rigorously.
Needham lifts Bitdeer target to $22 after $4.7 billion Tydal lease
Needham raised its Bitdeer Technologies price target to $22 from $19 after the operator signed a 121 IT MW lease with Volta at its Tydal campus in Norway. The 16-year colocation agreement carries $4.7 billion of contracted revenue, with a one-time eight-year renewal option that could lift total contract value to roughly $8 billion over 24 years. Needham calculated average annual revenue of about $2.43 million per IT MW, above the $1.27 million to $2.37 million range across comparable transactions in its coverage, and noted a 90% NOI margin equivalent to approximately $2.16 million of annual NOI per IT MW. The brokerage valued Bitdeer at 14.5 times estimated 2027 EV/EBITDA and increased its 2027 revenue estimate to $1.444 billion and adjusted EBITDA forecast to $549 million. Two data halls are scheduled to commence service by December 31, 2026, with a second phase targeted for March 31, 2027, and Bitdeer is also developing another 47 gross MW at Tydal for delivery during the second half of 2027.
Volta secures $10bn AI lab partnership with Anthropic and $5bn infrastructure programme
Volta, a newly launched AI infrastructure company, has announced a $10bn agreement with Anthropic to deliver a new data centre project in Norway. The project will involve Bitdeer Technologies Group and use Nvidia Vera Rubin systems, with the facility offering 133MW of capacity over a six-year arrangement. As part of its financing strategy, Volta has established an AI Infrastructure Program with Azora, an asset manager overseeing more than $20bn in assets, which will provide $5bn in funding to support Volta's next wave of AI factory developments. The European project is the first initiative in Volta's development pipeline, which the company states now exceeds 1GW of planned near-term power capacity across North America and Europe. Volta has also raised $300m in venture funding through a Seed Round and a Series A, co-led by Andreessen Horowitz and Altimeter Capital, valuing the company at $2.4bn.
Bitdeer Enters AI Infrastructure Market with $4.7 Billion Norway Data Center Deal
Bitdeer Technologies Group has entered the artificial intelligence infrastructure colocation market through a 16-year lease and services agreement at its Tydal campus in Norway, representing approximately $4.7 billion in contracted revenue. The deal with Volta Tydal AS, a subsidiary of AI infrastructure platform Volta, includes an eight-year renewal option that could raise the potential value to about $8 billion over 24 years. Under the agreement, Bitdeer will lease 121 IT megawatts to Volta for NVIDIA Rubin GPU operations, with deployment in two phases beginning by December 2026 and March 2027. The company expects average annual revenue of roughly $290 million and a 90% net operating income margin, and plans to fund approximately $500 million in remaining capital expenditures with additional debt while retaining ownership of the campus. The site is powered by renewable hydropower and wind energy and is designed for high-redundancy, energy-efficient operations.
Volta Emerges From Stealth With $10 Billion AI Lab Partnership and $5 Billion AI Infrastructure Program
Volta, a fully vertically integrated AI infrastructure platform and NVIDIA Cloud Partner, emerged from stealth with a $10 billion strategic partnership with an AI Lab to develop an AI factory in Norway alongside Bitdeer, and a $5 billion AI Infrastructure Program with asset manager Azora. The Norway project, a 133 MW deployment powered by NVIDIA Vera Rubin systems, is the first within Volta's broader development pipeline exceeding 1 GW of near-term power capacity across North America and Europe. The $5 billion program with Azora, which manages over $20 billion in assets, provides proprietary large-scale non-dilutive infrastructure capital for Volta's next-generation AI factories. Volta also completed a Seed Round and Series A at a $2.4 billion valuation, led by Azora, Andreessen Horowitz, Altimeter, and NVIDIA, with participation from Michael Dell's family office and Matter Venture Partners. Founded by CEO Ricard Boada and Chief Corporate Development Officer Sofia Gumuzio, Volta aims to build The Utility of Compute by integrating institutional capital, powered land, data centers, compute, software, and operations under one platform.
Listed Companies Dump Bitcoin to Escape Debt and Pivot to AI
A growing number of listed companies that once held Bitcoin are reducing their positions or selling off all their digital assets to cope with volatility, debt burdens, and shifting business priorities. Satsuma Technology received shareholder approval to sell approximately 668 Bitcoin, worth around 43.5 million US dollars, to return capital to investors and delist from the London Stock Exchange. Bitdeer sold its entire remaining Bitcoin holdings of 943 Bitcoin in February 2026 to pivot toward AI data centers. Sequans Communications sold nearly all its Bitcoin to repay convertible bonds and buy back ADS shares, with no plans to purchase more, refocusing on its semiconductor business. Genius Group sold its entire Bitcoin treasury to repay about 8.5 million US dollars in debt. Prenetics sold 510 Bitcoin for 41.3 million US dollars and issued a policy banning future digital asset purchases. Among major holders that have not fully exited, MARA Holdings sold approximately 15,133 Bitcoin worth around 1.1 billion US dollars to repay convertible bonds. Empery Digital sold nearly half its Bitcoin to buy back shares and repay debt. Strategy sold about 3,620 Bitcoin worth nearly 138 million US dollars and launched a Bitcoin monetization program to bolster reserves and pay preferred stock dividends. Additionally, companies like Nakamoto Inc., Smarter Web Company, Cango, Exodus, and DigitalX are shifting toward more active crypto asset management strategies, selling when necessary for operations, acquisitions, or debt repayment. This reflects that Bitcoin is no longer seen as a forever-hold asset, with liquidity and capital allocation now driving decisions.
Bitdeer Reports Record 990 Bitcoin Self-Mining Output and Plans US$36 Million Nevada Plant
Bitdeer Technologies Group reported unaudited June 2026 operating results that included a sharp jump in total hash rate under management to 86.1 EH/s and record self-mined Bitcoin output of 990, alongside growth in mining rigs under management to 289,000. The company also announced plans to build a US$36 million advanced electronics plant in Sparks, Nevada, designed to produce up to 10,000 SEALMINER units per month and deepen its vertically integrated mining and hardware footprint. While the record production supports the near-term catalyst of ramping self-mining capacity, key risks remain around high operating expenses, negative earnings, and a limited cash runway that could constrain growth. The Nevada facility ties directly into Bitdeer's ASIC commercialization strategy, potentially addressing concerns about heavy R&D spending and margin pressure by providing greater scale and flexibility in hardware.
Bitdeer Bitcoin Output Jumps 388% as AI Cloud Utilization Hits 95%
Bitdeer Technologies Group mined 990 bitcoin in June, a 388% increase from 203 BTC a year earlier and up from 921 BTC in May. Self-mining hashrate reached 73.0 EH/s, co-mining capacity climbed to 15.9 EH/s, and total hashrate under management finished June at 86.1 EH/s. AI Cloud utilization rose to 95% from 90% in May, with 3,517 of 4,248 deployed GPUs under external subscription, pushing annualized recurring revenue to approximately $76 million. The company held 150 BTC at month-end, down from 171 in May and 1,502 in June 2025, as it funds a wider buildout across mining, AI Cloud, and colocation infrastructure. Bitdeer also executed a 10-year lease for 21.7 megawatts of IT capacity in Johor Bahru, Malaysia, expected to be handed over in the first quarter of 2027 and planned to support 128 NVIDIA GB300 NVL72 systems.
GraniteShares Launches 2x Long ETFs on NetApp, Teradata and Bitdeer
GraniteShares has launched three new 2x leveraged single-stock ETFs tied to NetApp, Teradata, and Bitdeer Technologies Group. The GraniteShares 2x Long NTAP Daily ETF (NTAL), GraniteShares 2x Long TDC Daily ETF (TDCL), and GraniteShares 2x Long BTDR Daily ETF (BTDL) each seek daily investment results of 200% of the daily percentage change in the respective underlying stock, before fees and expenses. The funds allow traders to gain amplified daily exposure without a margin account or options approval, and they reset leverage daily. These additions expand GraniteShares' lineup of leveraged single-stock ETFs, which the firm says is one of the largest in the market, covering technology, AI, crypto, and consumer sectors. GraniteShares managed approximately $12.382 billion in assets as of July 9, 2026.
Bitdeer Breaks Ground on First Domestic Manufacturing Base in Nevada — Shares Surge 14%
Bitdeer Technologies Group announced on July 9 that it has begun construction of an advanced electronics manufacturing facility in Sparks, Nevada. The 36 million dollar project, spanning 187,000 square feet, will be the company's first manufacturing and assembly base in the United States. It plans to produce 10,000 units per month of its proprietary SEALMINER series Bitcoin mining machines, with completion expected by the end of 2026. Following the announcement, the company's stock surged 14.1 percent to 14.33 dollars in trading on the 9th. Meanwhile, diversification into AI and HPC is accelerating among publicly traded mining firms. On the same day, MARA Holdings announced a land acquisition in Texas, and TeraWulf disclosed a 20-year data center lease agreement with AI company Anthropic.
Bitdeer stock rises on Norway AI data center lease agreement
Bitdeer Technologies shares rose 4.96% to $18.00 in pre-market trading Monday after the company announced a colocation lease agreement at its Norwegian AI data center site. The lease, executed by unit Tydal Data Center AS, has not yet become effective and is subject to conditions including the completion of certain external customer and supplier arrangements by the counterparty. Chief Strategy Officer Haris Basit called the signing an exceptional step in Bitdeer's global AI infrastructure strategy, and the lease is expected to become effective within the next month.
Bitdeer enters co-mining agreements with Sphere 3D for 30 megawatts of capacity
Bitdeer Technologies Group has entered into co-mining agreements with Sphere 3D to host 30 megawatts of capacity across data center sites in Tennessee and Kentucky. Under the one-year, renewable contracts, Bitdeer will deploy its SEALMINER A2 Pro Air hardware, with both parties sharing the net mining proceeds. The arrangement allows Sphere 3D to monetize its power assets and secure contracted mining economics while maintaining strategic flexibility. Sphere 3D continues to evaluate its locations for future digital infrastructure applications, including potential high-performance computing and AI-related opportunities.
Bitdeer AI Wins “AI Cloud Platform of the Year” in 2026 AI Breakthrough Awards
Bitdeer AI, part of Bitdeer Technologies Group and a preferred NVIDIA Cloud Partner, has been named winner of “AI Cloud Platform of the Year” in the 2026 AI Breakthrough Awards. The award, presented by market intelligence organization AI Breakthrough, recognizes Bitdeer AI’s fully integrated, full-stack AI cloud environment optimized for enterprise-scale generative AI and production workloads. The company’s vertically integrated “AI Factory” model eliminates third-party dependencies by owning and operating its high-performance data center infrastructure, optimizing performance from the physical facility and silicon level up through core application software. This approach delivers seamless workflow velocity, uncompromised flexibility and control, structural cost stability, and deep silicon optimization as a preferred NVIDIA Cloud Partner. Bitdeer AI’s VP of AI Cloud, Retainna Lin, stated the company is building the foundational operating layer for global AI deployment and executing a multi-phase strategy to scale its unified cloud ecosystem globally.
Bitdeer Technologies ranks seventh in Situational Awareness portfolio as a top crypto and AI play
Bitdeer Technologies Group ranks seventh in Leopold Aschenbrenner's Situational Awareness portfolio with a stake value of $29,751,243. The Bitcoin miner, founded in 2021, is pivoting toward AI cloud services and differentiates itself through vertical integration by designing and manufacturing its own SEALMINER chips and machines. Unlike peers such as IREN, TeraWulf, and Hut 8, Bitdeer has not yet announced a major anchor tenant deal, which is believed to be the primary reason its stock has lagged over the past year. On its Q1 earnings call, management noted that the AI cloud customer mix is shifting toward three- to five-year enterprise contracts, supporting a more durable and predictable revenue stream.