Bitdeer Announces August 2026 Production and Operations Update

Bitdeer deepens long-term AI data center and cloud contracts while sharply scaling Bitcoin production and overall computing capacity.

Rhea-AI Summary

Bitdeer (BTDR) reported strong August 2026 AI cloud and Bitcoin mining operations, highlighted by major long-term contracts and sharply higher BTC production.

AI Cloud annual recurring revenue (ARR) reached approximately $86 million, up from about $76 million in July, with 4,328 GPUs deployed and 3,998 under external subscription. Bitdeer AI secured 100% contracted GPU capacity for its 9.5 MW A102 Malaysia facility ahead of energization, representing more than $800 million in total expected revenue, with recognition expected to begin in Q1 2027. A new 10‑year data center services agreement added 65.1 MW at the Johor A202 facility, lifting total Johor AI Cloud capacity to 86.8 MW.

The company signed a 16‑year AI/HPC data center lease at its Tydal, Norway campus with an initial contract value of about $4.7 billion, potentially rising to roughly $8.0 billion if an 8‑year extension is exercised. Bitdeer mined 1,310 Bitcoins in August, a 249% year‑over‑year increase, supported by self‑mining hash rate of 79.9 EH/s and co‑mining hash rate of 21.6 EH/s.

Positive

• AI Cloud ARR increased to ~$86M in August 2026 from ~$76M in July 2026
• A102 Malaysia facility 9.5 MW fully contracted, >$800M total expected revenue with Q1 2027 revenue start
• Johor campus AI Cloud capacity expanded to 86.8 MW via new 65.1 MW, 10-year services agreement
• Tydal, Norway 16-year AI/HPC lease carries initial contract value of about $4.7B, potentially ~$8.0B with extension
• BTC mined rose 249% YoY to 1,310 in August 2026, up from 375 in August 2025
• Total proprietary hash rate grew to 84.1 EH/s in August 2026 from 30.3 EH/s in August 2025

Negative

• AI Cloud utilization rate declined to 92% in August 2026 from 95% in July 2026
• BTC held decreased to 61 in August 2026 from 257 in July 2026 and 1,934 in August 2025

Market Context

BTDR's -6.43% pre-headline 24-hour move preceded an update with new contracted AI capacity and highe...

Analysis

BTDR's -6.43% pre-headline 24-hour move preceded an update with new contracted AI capacity and higher Bitcoin production; the July operations update had a -5.49% 24-hour reaction, providing directly comparable operating-update context.

Key Figures

Expected A102 revenue: More than $800 million Bhutan initial capacity: 30 MW Bhutan expansion pathway: 500 MW +5 more

Expected A102 revenue

More than $800 million

9.5 MW Malaysia facility under long-term commitments

Bhutan initial capacity

30 MW

Non-binding Letter of Intent for Gelephu Mindfulness City

Bhutan expansion pathway

500 MW

Potential expansion from the initial Bhutan capacity

A202 agreement term

10 years

Data center services agreement at the Johor campus

A202 capacity secured

65.1 MW

Additional capacity at the Johor campus

Tydal base contract value

Approximately $4.7 billion

16-year AI/HPC data center lease in Norway

Tydal extension contract value

Approximately $8.0 billion

Potential value including the one-time 8-year lease extension

Bitcoin production

1,310 Bitcoins

August 2026; 249% year-over-year increase

Historical Context

2 past events · Latest: Sep 01

2 events

1. Sep 01

   AI land acquisition

   24h Move

   +3.8%

   Acquired 200 acres near Rockdale to support AI/HPC infrastructure development

2. Aug 26

   July operations update

   24h Move

   -5.5%

   Reported AI lease, higher mining output, and expanded AI cloud metrics

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

letter of intent, pue, arr, eh/s

4 terms

letter of intent regulatory

"signed a non-binding Letter of Intent to develop an AI data center"

A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.

pue technical

"With a PUE of approximately 1.1 and running on 100% renewable energy"

Power Usage Effectiveness (PUE) measures how efficiently a data center uses energy by comparing total facility power to the power used by the computing equipment; a PUE of 1.0 means all power goes to servers, while higher numbers indicate more energy spent on cooling and infrastructure. Investors care because lower PUE usually means lower operating costs and better environmental performance, similar to choosing a fuel‑efficient car to save money and reduce waste.

arr financial

"ARR1 | ~$86M | ~$76M"

ARR, or Annual Recurring Revenue, is the predictable income a business expects to earn each year from ongoing customer subscriptions or contracts. It’s like a steady paycheck that shows the company's ability to generate consistent revenue over time, helping investors assess its stability and growth potential. ARR provides a clear picture of how well a company is performing in building long-term customer relationships.

eh/s technical

"Self-mining hash rate reached ~79.9 EH/s"

"Eh/s" stands for "earnings per share," a measure of a company's profitability calculated by dividing its net profit by the number of shares outstanding. It indicates how much money each share would earn if the company’s profits were divided equally among shareholders, helping investors assess how well a company is performing financially. A higher "eh/s" suggests greater profitability, which can influence investment decisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Monthly Highlights

• AI Cloud:
  • Bitdeer AI secured 100% contracted GPU capacity for its 9.5 MW A102 facility in Malaysia ahead of energization through long-term commitments, representing more than $800 million in total expected revenue.
  • Bitdeer has signed a non-binding Letter of Intent to develop an AI data center in Bhutan's Gelephu Mindfulness City, targeting an initial 30 MW of renewable hydro/solar-powered capacity with a potential expansion pathway to 500 MW.
  • Bitdeer AI executed a 10-year data center services agreement securing an additional 65.1 MW at its A202 facility on the Johor campus, scaling total campus AI Cloud capacity to 86.8 MW to capture high-density compute demand.
• Colocation: Bitdeer recently acquired 200 acres near existing 563 MW Rockdale facility to support AI/HPC infrastructure development.
• Bitcoin: Production increased 249% Y/Y to 1,310 Bitcoins.

Key Metrics Summary
AI Cloud Pipeline (IT MW)		AI Cloud ARR1		Colocation AI Data Center		Self-Mining Hash Rate2		Co-Mining Hash Rate3		BTC Mined
206.5 MW		~$86M		$4.7B, 16-Year Lease with Volta at Tydal, Norway		79.9 (EH/s)		21.6 (EH/s)		1,310

SINGAPORE, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for AI and Bitcoin mining infrastructure, today announced its unaudited operations updates for August 2026.

Management Commentary
"Our AI-cloud strategy continues to validate the vertically integrated model we've built at Bitdeer, converting powered land into large-scale, contracted AI/HPC revenue in addition to simply mining Bitcoin," said Michael G. Potter, Chief Financial Officer of Bitdeer. "Tydal and the full contracting of our A102 facility are proof points that customers value the reliability and scale of our platform." Mr. Potter continued, "We remain focused on turning that demand into durable, high-margin revenue that complements our mining business, and we're encouraged by the pipeline of opportunities ahead."

Bitdeer AI Update:

Colocation AI Data Center:

• Bitdeer recently acquired 200 acres near existing 563 MW Rockdale facility to support AI/HPC infrastructure development. Outright ownership provides the long-term site control required to develop and finance AI/HPC data center infrastructure. Bitdeer believes its Rockdale site, with its existing large-load interconnection and established transmission infrastructure, is well positioned to receive additional power allocations over the coming years.
• Bitdeer announced a 16-Year AI/HPC Data Center Lease for its Tydal, Norway Campus, representing approximately $4.7 billion of total contract value over the initial base term, with the potential to reach a total contract value of approximately $8.0 billion if the tenant exercises its one-time 8-year lease extension.
• Tydal, Norway AI Data Center expected to be among Norway's largest and most efficient AI data centers upon completion. With a PUE of approximately 1.1 and running on 100% renewable energy, it sets a compelling standard for data center performance, at scale.
  
  

AI Cloud Key Metrics: 

Metric	August 2026	July 2026
GPU Amount Deployed	4,328	4,248
GPU Types	H100, H200, B200, B300, GB200, GB300	H100, H200, B200, GB200, GB300
Utilization Rate8	92%	95%
GPUs Under External Subscription	3,998	3,517
ARR1	~$86M	~$76M

AI Cloud Pipeline Update:

Data Center	Location	IT Load (MW)	GPU Platform	DC RFS	Cloud Contract Status	Long Term Contract Coverage, %	DC Contract
A101	Malaysia	2.5	GB200 and GB300	Live	Live	100%	Signed
A102	Malaysia	9.5	GB300	Nov 2026	100% signed	100%	Signed
A201	Malaysia	21.7	GB300 and Vera Rubin	Jan 2027	Late negotiations		Signed
A202	Malaysia	65.1	GB300 and/or Vera Rubin	Q3 2027			Signed
A401	Norway	42.7	Vera Rubin	2H 2027			Self-Owned
A501	WA, USA	10	Vera Rubin	Dec 2027			Self-Owned
A601	TN, USA	55	Vera Rubin	Oct 2027			Self-Owned
Total		206.5

• New AI Data Center site: Bitdeer has signed a non-binding Letter of Intent to develop an AI data center in Bhutan's Gelephu Mindfulness City, targeting an initial 30 MW of renewable hydro/solar-powered capacity with a potential expansion pathway to 500 MW.
• Full Contracting of A102 Facility (Malaysia): Bitdeer AI secured 100% contracted GPU capacity for its 9.5 MW A102 facility in Malaysia ahead of energization through long-term commitments, representing more than $800 million in total expected revenue. As a general matter, Bitdeer AI seeks to structure its AI Cloud contracts so that customer prepayments are expected to cover approximately 50% of the associated capital expenditure. Revenue recognition is expected to begin in Q1 2027.
• GPU Procurement for A201 Facility: Bitdeer AI advanced hardware readiness for its A201 facility by procuring 133 racks of GB300 ahead of energization at market price from an unaffiliated third-party supplier, ensuring seamless post-energization deployment and rapid time-to-market. This procurement is subject to customary representations, warranties, covenants, indemnities and termination rights.
• Capacity Expansion at A202 Facility (Malaysia): Bitdeer AI executed a 10-year data center services agreement securing an additional 65.1 MW at its Johor campus, scaling total campus AI Cloud capacity to 86.8 MW to capture high-density compute demand.
• Model Service Expansion: The model service onboarded six open-source models in August, including Day-0 availability of NVIDIA Nemotron 3.5 Lightning. These additions reflect our continued investment in the token service, broadening our open-source model offerings while enhancing service stability.
• Industry & Community Engagement: Bitdeer AI expanded its industry reach by participating in Ai4 2026 in Las Vegas, speaking on a panel at SGTech, and hosting developer community events in Singapore to connect with key stakeholders across AI infrastructure, enterprise adoption, and emerging technologies.
  
  

Crypto Mining Update:

CRYPTO Mining, R&D, Manufacturing:

• Mined 1,310 Bitcoins⁴, an increase of 249% Y/Y; we continue to expect momentum in our mining results over the coming months.
• Self-mining hash rate reached ~79.9 EH/s.
• Co-mining hashrate of 21.6 EH/s driven by Co-Mining collaboration, using Bitdeer’s mining rigs operated by 3^rd party datacenters.
  
  

Key Crypto Metrics:

Metric	August 2026	July 2026	August 2025
Hash Rate Metrics:
Self-Mining (Operated in self-owned datacenters)	79.9	76.7	30.0
Other Proprietary Hash Rate5	4.2	5.0	0.3
Total Proprietary Hash Rate6(EH/s)	84.1	81.7	30.3
Co-Mining (Operated by 3rdparty datacenters)	21.6	18.7	-
BTC Mined4	1,310	1,190	375
BTC Held7	61	257	1,934

Infrastructure Summary:
Bitdeer will transition its infrastructure updates from a monthly reporting cadence to quarterly disclosures issued concurrently with its financial earnings releases, providing a more meaningful and integrated perspective on the Company’s development progress. The Company's most recent infrastructure update was disclosed alongside its Q2 2026 financial results on August 10, 2026.

Footnotes
¹ ARR as of the last day of the respective month is calculated by multiplying the daily revenue generated from all contractually obligated GPU orders on that specific day by 365. This metric provides an annualized view of the revenue run-rate based on active contracts at the end of the reporting period.
² Self-Mining (Operated in self-owned datacenters) refers to cryptocurrency mining for Bitdeer’s own account, whereby its mining rigs are operated in self-owned datacenters.
³ Co-mining (Operated by 3^rd party datacenters) refers to cryptocurrency mining for Bitdeer’s own account, whereby its mining rigs are operated by third-party datacenters.
⁴ Includes BTC from self-mining operations and BTC from co-mining operations.
⁵ Other Proprietary Hash Rate includes the hashrate from Bitdeer’s cloud hashrate business, mining rigs delivered in the crypto mining datacenters but not deployed and the mining rigs temporarily offline due to limited economic benefit.
⁶ Total Proprietary Hash Rate as of August 31, 2026 includes Self-Mining Hash Rate and Other Proprietary Hash Rate.
⁷ Bitcoins held does not include Bitcoins from customer deposits but does include Bitcoins that are pledged as collateral by us.
⁸ Utilization Rate as of the last day of the respective month is calculated as the total number of GPUs under internal and external orders divided by the total number of deployed GPUs.

About Bitdeer Technologies Group

Bitdeer is a world-leading technology company for AI and Bitcoin mining infrastructure. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers and building AI computational infrastructure to support the AI revolution. Bitdeer handles complex processes involved in computing such as equipment procurement, transport logistics, data center design and construction, equipment management, and daily operations. Bitdeer also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed data centers across multiple countries, including the United States, Norway, Bhutan, Ethiopia, and Malaysia. To learn more, visit https://ir.bitdeer.com/ or follow Bitdeer on X@Bitdeer and LinkedIn @Bitdeer.

Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on social media and other communication channels listed on its website.

Forward-Looking Statements

Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements in this press release include, among others, statements regarding: the expected DC RFS dates and the expected IT capacity of each data center identified above, and the aggregate AI Cloud capacity figures presented in this press release, including total campus capacity; the GPU platforms expected to be deployed at each facility and the availability and timing of delivery of that equipment; the expected commencement of revenue recognition in the first quarter of 2027 and the total expected revenue of more than $800 million under the A102 contracts; the manner in which Bitdeer AI seeks to structure its AI Cloud contracts, including expected customer prepayment coverage; the total contract value of the Tydal lease over the initial 16-year base term and the potential total contract value of approximately $8.0 billion if the tenant exercises its one-time 8-year extension option; the expected performance and characteristics of the Tydal data center, including its expected PUE and use of renewable energy; the initial 30 MW of capacity and the potential 500 MW expansion pathway contemplated by the non-binding letter of intent in Bhutan; the Company's expectations regarding additional power allocations at its Rockdale site; the expected deployment of GPU hardware at the A201 facility; the outcome of ongoing contract negotiations, including in respect of the A201 facility; and the expectation of continued momentum in the Company's mining results. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

For investor and media inquiries, please contact:

Investor Relations
Tesh Dahya, Head of Investor Relations
tesh.dahya@bitdeer.com

Media
Elev8 New Media
Jessica Starman, MBA
bitdeer@elev8newmedia.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the scale and composition of Bitdeer’s AI cloud pipeline as of August 2026?

The AI cloud pipeline totals 206.5 MW of IT load across multiple data centers. These include A101 (2.5 MW), A102 (9.5 MW), A201 (21.7 MW), and A202 (65.1 MW) in Malaysia, A401 (42.7 MW) in Norway, A501 (10 MW) in Washington, USA, and A601 (55 MW) in Tennessee, USA. A101 is live with 100% long-term contract coverage, A102 is expected ready-for-service in November 2026 with 100% of capacity signed, while A201 and A202 have signed data center contracts with varying cloud contract status.

When will Bitdeer begin recognizing revenue from the fully contracted A102 AI facility?

For the 9.5 MW A102 facility in Malaysia, revenue recognition from the long-term GPU capacity commitments is expected to begin in Q1 2027, following energization.

How does Bitdeer structure AI cloud contracts in terms of customer prepayments and capital expenditure?

Bitdeer AI seeks to structure its AI Cloud contracts so that customer prepayments are expected to cover approximately 50% of the associated capital expenditure, which the company presents as part of its approach to financing data center build-outs.

What new AI data center developments did Bitdeer announce in Bhutan and Rockdale?

Bitdeer signed a non-binding Letter of Intent to develop an AI data center in Bhutan’s Gelephu Mindfulness City, targeting an initial 30 MW of renewable hydro/solar-powered capacity with potential expansion to 500 MW. The company also acquired 200 acres near its existing 563 MW Rockdale facility in Texas to support future AI/HPC infrastructure, gaining long-term site control near established transmission infrastructure.

What are the key characteristics of the Tydal, Norway AI/HPC data center project?

The Tydal, Norway campus is expected to be among Norway’s largest and most efficient AI data centers, with a planned PUE of approximately 1.1 and operation on 100% renewable energy. It is backed by a 16-year AI/HPC data center lease representing about $4.7 billion in total contract value over the base term, with potential total value of roughly $8.0 billion if an 8-year extension option is exercised.

How is Bitdeer changing its infrastructure reporting cadence?

Bitdeer will transition its infrastructure updates from a monthly reporting cadence to quarterly disclosures that will be issued concurrently with its financial earnings releases. The company states that this is intended to provide a more meaningful and integrated perspective on its development progress.

How does Bitdeer define AI Cloud ARR in this update?

ARR as of the last day of the month is calculated by multiplying the daily revenue generated from all contractually obligated GPU orders on that day by 365. This provides an annualized view of revenue run rate based on active contracts at the end of the reporting period.