Bitdeer Announces July 2026 Production and Operations Update
Rhea-AI Summary
Bitdeer (NASDAQ: BTDR) reported July 2026 operating metrics, highlighting a $4.7 billion, 16‑year AI/HPC data center lease for its Tydal, Norway campus with a Volta subsidiary, covering 121 IT MW configured with NVIDIA GPUs and potential total contract value up to $8.0 billion with an 8‑year extension. Expected letters of credit total about $1.3 billion.
AI Cloud metrics showed 4,248 GPUs deployed, 95% utilization, 3,517 GPUs under external subscription and ARR of approximately $76 million. The AI cloud pipeline reached 141.4 MW, including the 9.5MW A102 facility in Malaysia, now fully committed under long‑term offtake agreements with expected revenue of over $800 million.
In crypto mining, Bitdeer mined 1,190 Bitcoin in July, up 322% year over year, with self‑mining hash rate of about 76.7 EH/s, co‑mining hash rate of 18.7 EH/s and total proprietary hash rate of 81.7 EH/s. Bitcoin held totaled 257. Bitdeer will shift infrastructure reporting from monthly to quarterly, aligned with earnings releases.
Positive
- $4.7B, 16-year AI/HPC lease at Tydal, Norway, with potential total value up to $8.0B including an 8-year extension option
- $1.3B anticipated letters of credit to backstop the Tydal lease, subject to customary conditions
- A102 Malaysia 9.5MW fully committed under long-term offtake agreements, with total expected contracted revenue over $800M
- AI Cloud ARR ~$76M with 4,248 GPUs deployed and 95% utilization in July 2026
- AI cloud pipeline 141.4 MW across Malaysia, Norway and U.S. sites, all designated for NVIDIA-based platforms
- Bitcoin production 1,190 BTC in July 2026, up 322% year over year from 282 BTC
- Total proprietary hash rate 81.7 EH/s in July 2026, up from 22.5 EH/s in July 2025 and 77.9 EH/s in June 2026
Negative
- Bitcoin holdings declined to 257 BTC in July 2026 versus 1,667 BTC in July 2025, despite higher monthly production
- Infrastructure reporting cadence reduced from monthly to quarterly updates, meaning less frequent public disclosure of operational metrics
News Explained
Bitdeer describes the 9.5MW A102 facility as fully committed under long-term offtake agreements, but its table says 50% is signed and 50% is in contract execution, so the disclosed commitment is not the same as all customer contracts being signed.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 25 | Co-mining agreement | Positive | +3.5% | 28 MW co-mining agreement at Project Kati 1 |
| Aug 10 | Q2 earnings report | Negative | -20.1% | Higher revenue but wider gross and net losses |
| Aug 04 | AI/HPC lease | Positive | +0.1% | 16-year, $4.7 billion Tydal AI/HPC lease |
| Jul 21 | Production update | Positive | +9.8% | June production and operations update |
| Jul 09 | Manufacturing facility | Positive | +14.1% | $36 million Nevada manufacturing facility construction |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Operational and infrastructure announcements in the supplied history had positive 24-hour reactions, while the Q2 earnings release had a negative reaction.
Key Terms
offtake agreements financial
ai/hpc technical
pue technical
arr financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
| Monthly Highlights |
- Colocation:
$4.7B , 16-Year AI/HPC Data Center lease announced for Tydal, Norway Campus - AI Cloud: As of the reporting date, our 9.5MW A102 facility in Malaysia is fully committed under long-term offtake agreements, representing total expected contracted revenue exceeding
$800 million . Additionally, contract discussions for the A201 facility (21.7MW IT Load) are currently underway. Demand is keen and strong. We expect to sign the contracts of A201 capacity and start collecting the advance payments within a month. We foresee the pricing of AI Cloud to increase further in the short-term future. - Bitcoin: Production increased
322% Y/Y to 1,190 Bitcoin.
| 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 | |
| 141.4 MW | ~ | 76.7 (EH/s) | 18.7 (EH/s) | 1,190 | ||
SINGAPORE, Aug. 26, 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 July 2026.
Management Commentary
“July reflected continued execution across our vertically integrated platform. Announcing our
| Bitdeer AI Update: |
Colocation AI Data Center:
- Bitdeer Announces
$4.7 billion , 16-Year AI/HPC Data Center Lease for Tydal, Norway Campus - Approximately
$4.7 billion in contracted revenue over the initial 16-year base-term, with the potential to reach a total contract value of$8.0 billion through a one-time 8-year lease extension. - Tenant is a subsidiary of Volta; the entire 121 IT MW will be configured to run NVIDIA GPUs for the end customer, a leading AI lab.
- Credit backstop is anticipated to be arranged by affiliates of two leading top-tier global financial institutions via Letters of Credit, totaling approximately
$1.3 billion and subject to customary conditions. - 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 | July 2026 | June 2026 |
| GPU Amount Deployed | 4,248 | 4,248 |
| GPU Types | H100, H200, B200, GB200, GB300 | H100, H200, B200, GB200, GB300 |
| Utilization Rate8 | ||
| GPUs Under External Subscription | 3,517 | 3,517 |
| ARR1 | ~ | ~ |
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 | Live | Live | Signed | |
| A102 | Malaysia | 9.5 | GB300 | Nov 2026 | Signed | ||
| A201 | Malaysia | 21.7 | GB300 and small portion Vera Rubin | Jan 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 | 141.4 |
- As of the reporting date, A102’s capacity in Malaysia has been fully committed under long-term offtake agreements ahead of energization, representing total expected revenue of over
$800 million . Working on the contracts for the A201 facility now. - Strong Customer Demand for GPUs: As demand for AI computing continues to grow, we have completed the procurement of 66 NVIDIA GB300 systems.
- Model Service & Token Optimization: Achieved Day-0 onboarding for NVIDIA Nemotron-3 Embed (1B & 8B) and launched Kimi K3 at the first available opportunity. Strategic engineering resources are now focused on expanding open-source model offerings and ensuring high service availability and reliability.
- European Market Footprint: Further established Bitdeer AI’s European presence through high-visibility participation at the RAISE Summit.
- Ecosystem Acceleration: Co-hosted a month-long hackathon with NVIDIA, provisioning and mentoring 10 Southeast Asian teams with Bitdeer AI’s GPU compute and Model Studio to demonstrate cross-industry business use cases.
Crypto Mining Update:
CRYPTO Mining, R&D, Manufacturing:
- Mined 1,190 Bitcoins4, an increase of
322% Y/Y; we continue to expect momentum in our mining results over the coming months. - Self-mining hash rate reached ~76.7 EH/s.
- Co-mining hashrate of 18.7 EH/s driven by Co-Mining collaboration, using Bitdeer’s mining rigs operated by 3rd party datacenters.
Key Crypto Metrics:
| Metric | July 2026 | June 2026 | July 2025 |
| Hash Rate Metrics: | |||
| Self-Mining (Operated in self-owned datacenters) | 76.7 | 73.0 | 22.3 |
| Other Proprietary Hash Rate5 | 5.0 | 4.9 | 0.2 |
| Total Proprietary Hash Rate6 (EH/s) | 81.7 | 77.9 | 22.5 |
| Co-Mining (Operated by 3rd party datacenters) | 18.7 | 15.9 | - |
| BTC Mined4 | 1,190 | 990 | 282 |
| BTC Held7 | 257 | 150 | 1,667 |
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.
Upcoming Conferences & Events:
- H.C. Wainwright & Co. 28th Annual Global Investment Conference – New York, September 14
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 3rd 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 July 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, and Ethiopia. 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. 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
