Bitdeer Announces June 2025 Production and Operations Update
Bitdeer Technologies Group (NASDAQ: BTDR), a leading Bitcoin mining technology company, reported significant operational progress in June 2025. The company increased its self-mining hashrate by 21% to 16.5 EH/s and mined 203 Bitcoins, up 4% from May. Notably, Bitdeer joined the Russell 2000® and 3000® Indexes and successfully closed a $375 million convertible notes offering.
The company's SEALMINER series showed strong progress, with 14.9 EH/s of A2 mining rigs manufactured, including 5.3 EH/s shipped to external customers. Infrastructure expansion continues across multiple sites, with 1,098 MW total electrical capacity online and 1,592 MW in pipeline. Key developments include the Jigmeling, Bhutan facility with 132 MW online and remaining 368 MW expected by Q3 2025.
Bitdeer Technologies Group (NASDAQ: BTDR), un'azienda leader nella tecnologia per il mining di Bitcoin, ha riportato importanti progressi operativi a giugno 2025. La società ha aumentato il proprio tasso di hash di mining autonomo del 21% raggiungendo 16,5 EH/s e ha minato 203 Bitcoin, con un incremento del 4% rispetto a maggio. Di rilievo, Bitdeer è entrata a far parte degli indici Russell 2000® e 3000® e ha concluso con successo un'offerta di obbligazioni convertibili da 375 milioni di dollari.
La serie SEALMINER dell'azienda ha mostrato notevoli progressi, con 14,9 EH/s di mining rig A2 prodotti, di cui 5,3 EH/s spediti a clienti esterni. L'espansione delle infrastrutture prosegue su più siti, con una capacità elettrica totale online di 1.098 MW e 1.592 MW in fase di sviluppo. Tra gli sviluppi chiave vi è l'impianto di Jigmeling, Bhutan, con 132 MW già operativi e i restanti 368 MW previsti entro il terzo trimestre 2025.
Bitdeer Technologies Group (NASDAQ: BTDR), una empresa líder en tecnología de minería de Bitcoin, reportó avances operativos significativos en junio de 2025. La compañía incrementó su tasa de hash de minería propia en un 21% hasta 16.5 EH/s y minó 203 Bitcoins, un aumento del 4% respecto a mayo. Cabe destacar que Bitdeer se unió a los índices Russell 2000® y 3000® y cerró con éxito una emisión de bonos convertibles por 375 millones de dólares.
La serie SEALMINER de la empresa mostró un fuerte progreso, con 14.9 EH/s de rigs de minería A2 fabricados, incluidos 5.3 EH/s enviados a clientes externos. La expansión de infraestructuras continúa en varios sitios, con una capacidad eléctrica total en línea de 1,098 MW y 1,592 MW en desarrollo. Entre los desarrollos clave se encuentra la planta de Jigmeling, Bután, con 132 MW en línea y los 368 MW restantes esperados para el tercer trimestre de 2025.
Bitdeer Technologies Group (NASDAQ: BTDR)는 선도적인 비트코인 채굴 기술 회사로서 2025년 6월에 중요한 운영 성과를 보고했습니다. 회사는 자체 채굴 해시레이트를 21% 증가시켜 16.5 EH/s를 기록했으며, 203 비트코인을 채굴하여 5월 대비 4% 증가했습니다. 특히 Bitdeer는 Russell 2000® 및 3000® 지수에 편입되었고, 3억 7,500만 달러 규모의 전환사채 발행을 성공적으로 마감했습니다.
회사의 SEALMINER 시리즈는 강력한 진전을 보였으며, 14.9 EH/s 규모의 A2 채굴 장비가 제조되었고, 그중 5.3 EH/s는 외부 고객에게 출하되었습니다. 여러 부지에서 인프라 확장이 계속되고 있으며, 총 1,098 MW의 전력 용량이 가동 중이고 1,592 MW가 개발 중입니다. 주요 개발 사항으로는 부탄 지그멜링 시설이 있으며, 132 MW가 가동 중이고 나머지 368 MW는 2025년 3분기까지 완료될 예정입니다.
Bitdeer Technologies Group (NASDAQ : BTDR), une entreprise leader dans la technologie de minage de Bitcoin, a annoncé des progrès opérationnels significatifs en juin 2025. La société a augmenté son taux de hachage d'auto-minage de 21 % pour atteindre 16,5 EH/s et a miné 203 Bitcoins, soit une hausse de 4 % par rapport à mai. Notamment, Bitdeer a rejoint les indices Russell 2000® et 3000® et a clôturé avec succès une émission d'obligations convertibles de 375 millions de dollars.
La série SEALMINER de l'entreprise a montré de solides progrès, avec 14,9 EH/s de rigs de minage A2 fabriqués, dont 5,3 EH/s expédiés à des clients externes. L'expansion des infrastructures se poursuit sur plusieurs sites, avec une capacité électrique totale en ligne de 1 098 MW et 1 592 MW en cours de développement. Parmi les développements clés figure l'installation de Jigmeling, au Bhoutan, avec 132 MW en ligne et les 368 MW restants attendus d'ici le troisième trimestre 2025.
Bitdeer Technologies Group (NASDAQ: BTDR), ein führendes Unternehmen im Bereich Bitcoin-Mining-Technologie, meldete im Juni 2025 bedeutende operative Fortschritte. Das Unternehmen steigerte seine eigene Mining-Hashrate um 21 % auf 16,5 EH/s und schürfte 203 Bitcoins, was einem Anstieg von 4 % gegenüber Mai entspricht. Bemerkenswert ist, dass Bitdeer in die Russell 2000® und 3000® Indizes aufgenommen wurde und erfolgreich eine Convertible-Notes-Emission in Höhe von 375 Millionen US-Dollar abgeschlossen hat.
Die SEALMINER-Serie des Unternehmens zeigte starke Fortschritte, mit 14,9 EH/s produzierten A2-Mining-Rigs, davon 5,3 EH/s an externe Kunden ausgeliefert. Der Infrastrukturausbau läuft an mehreren Standorten weiter, mit einer insgesamt online geschalteten elektrischen Kapazität von 1.098 MW und 1.592 MW in der Pipeline. Zu den wichtigsten Entwicklungen gehört die Anlage in Jigmeling, Bhutan, mit 132 MW online und den verbleibenden 368 MW, die bis zum dritten Quartal 2025 erwartet werden.
- Secured $375 million through 4.875% Convertible Senior Notes due 2031
- Increased self-mining hashrate by 21% to 16.5 EH/s
- Bitcoin production increased 4% month-over-month to 203 BTC
- Added to Russell 2000® and 3000® Indexes, enhancing visibility
- Manufactured 14.9 EH/s of SEALMINER A2 mining rigs
- Expanded total electrical capacity to 1,098 MW with 1,592 MW in pipeline
- Bitcoin holdings increased to 1,502 BTC
- Tydal, Norway expansion timeline adjusted due to reduced summer manpower
- Hosting business showed minimal growth with unchanged client mining rig quantity
Insights
Bitdeer shows strong execution with 21% hashrate growth, equipment rollout, and strategic financial moves strengthening its competitive position.
Bitdeer's June update reveals impressive operational momentum across multiple fronts. The company has increased its self-mining hashrate by 21% to 16.5 EH/s, positioning it well toward its ambitious target of 40 EH/s by October 2025. This acceleration comes primarily from the continued deployment of their proprietary SEALMINER rigs, particularly the A2 series, with 3.0 EH/s deployed in June alone.
The company's vertical integration strategy is bearing fruit. Their SEALMINER manufacturing pipeline shows robust progress with 14.9 EH/s of A2 rigs already manufactured, split between external sales (5.3 EH/s) and self-mining deployment (4.6 EH/s). The upcoming A3 series is nearing mass production with promising test results, while the A4 series targets an impressive 5 J/TH efficiency - a metric that would place Bitdeer's technology among industry leaders.
Infrastructure expansion continues at scale across multiple geographies. The most significant developments are in Bhutan (132 MW online with 368 MW coming in Q3) and Norway (Tydal site progressing). Their global capacity strategy provides geographical risk diversification while accessing competitive energy rates. The pipeline capacity of 1,592 MW represents substantial growth potential beyond their current 1,098 MW.
Financially, Bitdeer has strengthened its position by closing $375 million in convertible notes at 4.875%, providing capital for continued expansion. The company now holds 1,502 Bitcoins, up from 1,351 in May, representing significant treasury growth. Their inclusion in the Russell 2000® and 3000® indexes should improve institutional visibility and potentially enhance trading liquidity.
The strategic diversification into HPC/AI infrastructure represents an intelligent hedge, allowing Bitdeer to potentially repurpose mining facilities for high-performance computing should market conditions warrant, particularly at their Ohio facilities.
- Joined the Russell 2000® and 3000® Indexes as of June 30, 2025
- SEALMINER A3 series almost ready for mass production
- Increased self-mining hashrate by
SINGAPORE, July 09, 2025 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for Bitcoin mining, today announced its unaudited mining and operations updates for June 2025.
Operational Update
- Self-mined Bitcoin: 203 Bitcoins, an increase of ~
4% from May 2025 due to higher average self-mining hashrate from energization of SEALMINERs. - Mining Rig Manufacturing and R&D:
- SEALMINER A1: 3.9 EH/s are energized.
- SEALMINER A2:
- Total of 14.9 EH/s in mining rigs have been manufactured and an additional 1.1 EH/s are in final assembly as of the end of June 2025.
- Of the 14.9 EH/s mining rigs that have been manufactured:
- External-sales: 5.3 EH/s of mining rigs have been shipped to external customers, including 2.4 EH/s that were shipped in June.
- Self-mining:
- 4.6 EH/s have been deployed in U.S., Tydal, Norway and Jigmeling, Bhutan, including 3.0 EH/s in June 2025.
- 4.2 EH/s are in-transit to Bitdeer’s sites in Texas, U.S. and Bhutan.
- 0.8 EH/s are being prepared for shipping.
- SEALMINER A3:
- In final stages of preparation for mass production.
- Machine level testing results meeting expectations.
- SEALMINER A4:
- On track to achieve an expected chip efficiency of approximately 5 J/TH.
- HPC/AI:
- Discussions are ongoing with multiple development partners and potential end users for selected large scale sites in the U.S. for HPC/AI.
- Enhanced serverless GPU infrastructure by expanding capacity and introducing Agent cloud service capabilities, including support for Model Context Protocol (MCP), Agent GPU calls, and intelligent cloud orchestration.
- Hosting:
- The quantity of client-hosted mining rigs remained unchanged in June 2025; however, hosted hashrate increased by 0.2 EH/s due to mining rig upgrades.
- Infrastructure:
- Tydal, Norway: All equipment has been delivered. The full energization is expected to be completed by Q3 2025.
- Jigmeling, Bhutan: 132 MW are online, the remaining 368 MW are expected to be energized in phases by the end of Q3 2025.
- Financing：
- Successfully closed a total of US
$375.0 million principal amount of4.875% Convertible Senior Notes due 2031 through an oversubscribed private placement offering.
- Successfully closed a total of US
- Russell Indexes: Joined Russell 2000® and 3000® indexes, effective as June 30, 2025 as part of the 2025 Russell indexes reconstitution.
Management Commentary
“In June, we increased our self-mining hashrate by
Mr. Kong continued, “In addition, we are honored to be included in the U.S. Russell Indexes, a significant milestone that reflects Bitdeer’s continued growth and execution as a leading technology company. We look forward to the increased visibility among institutional investors and improved trading liquidity that the Russell Indexes brings as we advance our advanced SEALMINER technology roadmap, rapidly scale our global Bitcoin mining operations and further diversify into HPC/AI.”
Production and Operations Summary
| Metrics | June 2025 | May 2025 | June 2024 |
| Total hash rate under management1 (EH/s) | 30.6 | 27.4 | 22.3 |
| - Proprietary hash rate | 16.7 | 13.7 | 8.5 |
| • Self-mining | 16.5 | 13.6 | 7.3 |
| • Cloud Hash Rate | - | - | 1.2 |
| • Delivered but not hashing | 0.2 | 0.1 | - |
| - Hosting | 13.9 | 13.7 | 13.8 |
| Mining rigs under management | 200,000 | 189,000 | 223,000 |
| - Self-owned2 | 114,000 | 103,000 | 86,000 |
| - Hosted | 86,000 | 86,000 | 137,000 |
| Bitcoins mined (self-mining only) | 203 | 196 | 179 |
| Bitcoin held3 | 1,502 | 1,351 | 113 |
1 Total hash rate under management as of June 30, 2025 across the Company’s primary business lines: Self-mining, Cloud Hash Rate, and Hosting.
- Self-mining refers to cryptocurrency mining for the Company’s own account, which allows it to directly capture the high appreciation potential of cryptocurrency.
- Cloud Hash Rate offers hash rate subscription plans and shares mining income with customers under certain arrangements. The Cloud Hash Rate stated above reflects the contracted hash rate with customers at month-end.
- Hosting encompasses a one-stop mining machine hosting solution including deployment, maintenance, and management services for efficient cryptocurrency mining.
2 Self-owned mining machines are for the Company’s self-mining business and Cloud Hash Rate business.
3 Bitcoins held do not include the Bitcoins from deposits of the customers.
Infrastructure Construction Update
| Site / Location | Capacity (MW) | Status | Timing4 |
| Electrical capacity | |||
| - Rockdale, Texas | 563 | Online | Completed |
| - Knoxville, Tennessee | 86 | Online | Completed |
| - Wenatchee, Washington | 13 | Online | Completed |
| - Molde, Norway | 84 | Online | Completed |
| - Tydal, Norway | 120 | Online | Completed |
| - Gedu, Bhutan | 100 | Online | Completed |
| - Jigmeling, Bhutan | 132 | Online | Completed |
| Total electrical capacity | 1,0985 | ||
| Pipeline capacity | |||
| - Tydal, Norway Phase 2 | 105 | In progress | Q3 2025 |
| - Massillon, Ohio | 221 | In progress | Q3 - Q4 2025 |
| - Clarington, Ohio Phase 1 | 266 | In progress | Q2 2027 |
| - Clarington, Ohio Phase 2 | 304 | In planning | Q2 2027 |
| - Jigmeling, Bhutan | 368 | In progress | Q3 2025 |
| - Rockdale, Texas | 179 | In planning | Estimate 2026 |
| - Alberta, Canada | 99 | In planning | Q4 2026 |
| - Oromia Region, Ethiopia | 50 | In progress | Q4 2025 |
| Total pipeline capacity | 1,592 | ||
| Total global electrical capacity | 2,690 |
4 Indicative timing. All timing references are to calendar quarters and years.
5 Figures represent total available electrical capacity.
Rockdale, Texas – 100 MW Hydro-cooling conversion energization is ongoing:
- All cooling systems were delivered and installed.
- Energization in accordance with the phases of delivery of mining rigs.
Tydal, Norway – 175 MW site expansion has commenced energization and the full energization timeline has been adjusted to the end of Q3 2025:
- 70 MW are online.
- All equipment has been delivered. Due to reduced manpower availability during the European summer, the energization schedule for the remaining 105 MW has been adjusted to ensure the highest quality of execution. Installation has been completed for 63 MW, which is currently undergoing commissioning. The remaining capacity, water supply and drainage system, is expected to be completed by the end of Q3 2025.
Massillon, Ohio – 221 MW site on track for completion in H2 2025:
- Substation construction is underway and is expected to be completed in Q3 2025.
- Building construction is ongoing and is expected to be completed in phases from Q3 to Q4 2025.
Clarington, Ohio – 570 MW total, in 2 phases:
- Phase 1 (266 MW) – Bitcoin mining related construction is in progress with full optionality to reassess and repurpose for HPC at a later date.
- Phase 2 (304 MW) – Bitcoin mining related construction is in planning with full optionality to reassess and repurpose for HPC at a later date.
Jigmeling, Bhutan – 500 MW site has commenced energization and is expected to be fully energized in phases by the end of Q3 2025:
- 132 MW are online.
- Remaining 368 MW are expected to be energized in phases by the end of Q3 2025.
- Two 132kV transformers and five 220kV transformers have been energized in June 2025.
- Delivery of containers and hydro-cooling systems are completed and are now in the installation process.
Fox Creek, Alberta – 101 MW site acquired in Alberta, is fully licensed and permitted to construct an on-site natural gas power plant. The project is expected to be energized by the end of Q4 2026.
Oromia Region, Ethiopia – SPA and a turnkey agreement signed for the acquisition and construction of a 50 MW Bitcoin mining project in Ethiopia. The project is expected to be energized in Q4 2025.
Upcoming Conferences and Events
- September 4, 2025: 5th Annual Needham Virtual Crypto Conference
- September 8 – 10, 2025: HC Wainwright Global Investment Conference in New York
- October 7, 2025: CEO Summit in Phoenix, AZ
About Bitdeer Technologies Group
Bitdeer is a world-leading technology company for Bitcoin mining. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, visit https://ir.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.
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 the 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
Orange Group
Yujia Zhai
bitdeerIR@orangegroupadvisors.com
Public Relations
BlocksBridge Consulting
Nishant Sharma
bitdeer@blocksbridge.com
FAQ
What were Bitdeer's (BTDR) key operational metrics for June 2025?
How much did Bitdeer (BTDR) raise in its convertible notes offering?
What is the status of Bitdeer's SEALMINER manufacturing program?
What is Bitdeer's (BTDR) current infrastructure capacity and expansion plans?
How many Bitcoins does Bitdeer (BTDR) hold as of June 2025?
