TLDR
- Bitdeer stock edges up as BTC output surges 480% with strong hash rate growth
- AI cloud ARR doubles to $43M as GPU demand drives strong utilization rates
- Bitdeer expands mining scale with 70 EH/s hash rate and 661 BTC mined
- SEALMINER A4 launch boosts efficiency as infrastructure growth accelerates
- Tydal data center talks advance as Bitdeer expands AI cloud footprint globally
Bitdeer Technologies Group(BTDR) shares posted a modest stock gain as operational growth strengthened across mining and AI cloud segments. The stock traded at $12.15, rising 1.50%, while intraday action remained choppy with a mild upward bias. Strong Bitcoin output growth and expanding AI cloud revenue supported the overall momentum.
Bitdeer Technologies Group, BTDR
Bitcoin Mining Output Expands Sharply
Bitdeer increased Bitcoin production significantly, reporting 661 BTC mined in March 2026. This marked a 480% year-over-year increase, reflecting stronger operational scale and improved infrastructure efficiency. Meanwhile, the self-mining hash rate reached nearly 70 EH/s, supporting consistent output growth.
The company expanded its mining capacity through vertical integration and continued deployment of proprietary rigs. It managed over 262,000 mining rigs across self-owned and hosted operations, showing stable infrastructure expansion. Total hash rate under management reached 78.1 EH/s, indicating sustained operational control.
Seasonal conditions in Norway and Bhutan slightly affected March production levels. Even so, Bitdeer maintained a positive trajectory as it scaled its mining operations. The company expects further hash rate growth over the coming months.
AI Cloud Business Drives Revenue Acceleration
Bitdeer reported strong growth in its AI cloud segment, with annual recurring revenue reaching approximately $43 million. This reflected a 105% month-over-month increase, driven by high GPU demand and enterprise workloads. Additionally, GPU utilization surged to 94%, showing improved efficiency and strong demand.
The company deployed over 2,100 GPUs, including advanced models such as H100 and H200 units. It also increased external GPU subscriptions to nearly 1,950, strengthening revenue visibility. Moreover, a shift toward longer-term contracts improved cash flow stability and operational planning.
Bitdeer upgraded its AI platform capabilities to support over 50 open-source models. It integrated advanced AI systems with NVIDIA ecosystems to expand enterprise applications. As a result, the AI cloud segment emerged as a key growth driver alongside mining operations.
Infrastructure Expansion and Strategic Developments Continue
Bitdeer continued expanding its global energy capacity, reaching over 3.0 GW across operational and pipeline projects. The company advanced multiple data center developments, including sites in Texas, Tennessee, and Norway. It progressed negotiations for colocation agreements in Tydal, Norway.
The company also launched the SEALMINER A4 series, achieving energy efficiency of approximately 9.45 J/T. This development improved mining performance and supported future scalability. In parallel, ongoing deployments of A2 and A3 models strengthened proprietary hash rate capacity.
Bitdeer expanded its presence in AI infrastructure markets through global project execution. It advanced data center conversions from crypto mining to AI cloud usage in key locations. Consequently, the company positioned itself to capture demand from both Bitcoin mining and AI computing sectors.
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