Bitdeer Announces September 2026 Production and Operations Update

AI Cloud backlog reached $2.9 billion as A201 commitments added more than $1.7 billion in expected five-year revenue.

Rhea-AI Summary

Bitdeer (NASDAQ: BTDR) reported September Bitcoin production of 1,355, up 200% year over year, alongside expanded AI Cloud commitments. AI Cloud revenue backlog reached $2.9 billion, versus $0.9 billion in August. Offtake commitments cover over 70% of its approximately 21.7MW A201 facility, with more than $1.7 billion in expected revenue over five years; full deployment and go-live are targeted for April 2027.

Malaysia capacity agreements secure 67MW at A901 and 60MW at A103, with delivery planned for Q2 2027 and Q1 2028, respectively. The AI Cloud pipeline totals 333.5MW. A 16-year Tydal lease with Volta represents approximately $4.7 billion in base-term contract value. Bitdeer also acquired 200 acres near Rockdale for AI infrastructure development. GPU utilization rose to 95% from 92% in August, while annualized revenue run-rate remained approximately $86 million. Self-mining computing capacity reached 82.3 EH/s; Bitcoin holdings fell to 47 from 61 in August.

17 points · 2 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.A201 commitments cover over 70% of approximately 21.7MW, generating over $1.7 billion in expected five-year revenue. 81% of market cap
• Major pointTydal lease with Volta carries approximately $4.7 billion in contract value over its 16-year base term. 2.2× market cap
• Moderate pointBitcoin production rose 200% year over year to 1,355 in September, versus 1,310 in August.
• Moderate pointAI Cloud revenue backlog reached $2.9 billion in September, versus $0.9 billion in August.
• Moderate point. Forward-looking: it has not happened yet and may not happen.A901 capacity agreement secures 67MW in Malaysia, with full delivery planned for Q2 2027.
• Moderate point. Forward-looking: it has not happened yet and may not happen.A103 capacity agreement secures 60MW in Malaysia, with delivery planned for Q1 2028.
• Moderate pointGPU utilization increased to 95% in September from 92% in August.
• Moderate pointSelf-mining computing capacity rose to 82.3 EH/s from 79.9 in August and 35.0 a year earlier.
• Moderate pointCo-mining computing capacity rose to 28.7 EH/s in September from 21.6 EH/s in August.
• Moderate point. Forward-looking: it has not happened yet and may not happen.A102 has 100% signed cloud contracts for 9.5MW, with data center readiness scheduled for Q1 2027.
• Moderate point. Forward-looking: it has not happened yet and may not happen.A202 has a signed data center contract for 65.1MW, with readiness scheduled for Q3 2027.

6 minor points

• Minor point200 acres acquired near the existing 563MW Rockdale facility support planned AI infrastructure development.
• Minor pointExternally subscribed GPUs increased to 4,007 in September from 3,998 in August.
• Minor point. Forward-looking: it has not happened yet and may not happen.A201 deployment and go-live are targeted for April 2027; over 100 GB300 NVL72 racks were procured.
• Minor point. Forward-looking: it has not happened yet and may not happen.A401 in Norway adds a planned 42.7MW, with data center readiness scheduled for the second half of 2027.
• Minor point. Forward-looking: it has not happened yet and may not happen.A501 in Washington adds a planned 10MW, with data center readiness scheduled for December 2027.
• Minor point. Forward-looking: it has not happened yet and may not happen.A601 in Tennessee adds a planned 55MW, with data center readiness scheduled for October 2027.

Negative

• Moderate pointBitcoin holdings fell to 47 in September from 61 in August and 2,029 a year earlier.
• Minor point. Forward-looking: it has not happened yet and may not happen.Tydal's approximately $8.0 billion potential contract value depends on the tenant exercising a one-time eight-year extension.
• Minor pointOther proprietary computing capacity declined to 4.1 EH/s in September from 4.2 EH/s in August.

Argus 15 min delay 27 alerts

+7.28% vs previous close $8.25 last price 0.9x rel. volume Open Argus

Details

Market move: BTDR +7.28% vs previous close. September 2026 production update

$7.64 – $8.52 Day Range

$2.24B Mkt Cap at Last Price

On Oct 19, the day this news came out, the latest delayed price for BTDR is 7.28% above the previous close. Our momentum scanner has recorded 27 alerts for this stock so far that day. The latest delayed price is $8.25.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

A201 commitments: More than 70% A201 expected revenue: >$1.7 billion AI Cloud revenue backlog: ~$2.9 billion +5 more

A201 commitments

More than 70%

Share of the Malaysia facility covered by offtake commitments

A201 expected revenue

>$1.7 billion

Over 5 years

AI Cloud revenue backlog

~$2.9 billion

Reported September 2026

BTC mined

1,355 Bitcoins

September 2026

BTC production change

200% Y/Y increase

September 2026

Tydal lease contract value

Approximately $4.7 billion

16-year initial base term

Tydal lease extension value

Approximately $8.0 billion total contract value

If the tenant exercises its one-time 8-year extension

GPU utilization rate

95%

September 2026; 92% in August 2026

Previous Crypto Reports

2 past events · Latest: Sep 16

Same Type 2 events

1. Sep 16

   Monthly operations update

   24h Move

   +1.9%

   BTC production rose to 1,310, alongside AI cloud growth and a new long-term data-center lease.

2. Aug 26

   Monthly operations update

   24h Move

   -5.5%

   Reported 1,190 BTC mined, up 322% year over year, plus AI infrastructure contracts.

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

Key Terms

offtake commitments, pue, arr, hash rate

4 terms

offtake commitments financial

"offtake commitments covering more than 70% of our ~21.7MW A201 data center"

A contractual agreement where a buyer promises to purchase a specified amount of a company’s future production—often commodities, energy, or manufactured goods—at set terms or prices. For investors, offtake commitments matter because they create predictable demand and cash flow that can make a project easier to finance and value, much like a long-term preorder that reduces sales uncertainty, though they can also limit upside if market prices rise.

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 | ~$86M"

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.

hash rate technical

"Self-mining hash rate reached ~82.3 EH/s."

Hash rate is the measure of how quickly a computer system can process complex calculations needed to verify transactions and add new blocks to a blockchain. It can be thought of as the speed at which a miner's equipment works, similar to how a car's horsepower indicates its power. Higher hash rates generally mean more mining power and greater chances of earning rewards, making it an important indicator of the network's security and competitiveness.

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

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Monthly Highlights

• AI Cloud:
  • Capacity Expansion in Malaysia: Bitdeer AI recently announced data services agreements securing 67MW of capacity at A901 data center with full delivery planned for Q2 2027 and an additional 60MW of capacity at A103 data center with delivery planned for Q1 2028.
  • Contracting of A201 Facility in Malaysia: Bitdeer AI announced offtake commitments covering more than 70% of our ~21.7MW A201 data center in Johor Bahru, generating >$1.7 billion in expected revenue over 5 years and boosting total AI Cloud revenue backlog to ~$2.9 billion.
• Colocation: Bitdeer recently acquired 200 acres near existing 563 MW Rockdale facility to support AI/HPC infrastructure development.
• Bitcoin: Production increased 200% Y/Y to 1,355 Bitcoins.
  
  

	Key Metrics Summary
AI Cloud Pipeline (IT MW)		AI Cloud Revenue Backlog	AI Cloud ARR1	Colocation AI Data Center	Self-Mining Hash Rate2	Co-Mining Hash Rate3	BTC Mined
333.5 MW		~$2.9B	~$86M	$4.7B, 16-Year Lease with Volta at Tydal, Norway	82.3 (EH/s)	28.7 (EH/s)	1,355

SINGAPORE, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for AI neocloud services and Bitcoin mining infrastructure, today announced its unaudited operations updates for September 2026.

Management Commentary
“September demonstrated our ability to convert owned power into contracted AI Cloud revenue. Offtake commitments covering more than 70% of our A201 facility in Malaysia, representing over $1.7 billion of expected revenue over five years, bring our AI Cloud revenue backlog to approximately $2.9 billion," said Michael G. Potter, Chief Financial Officer of Bitdeer. Mr. Potter continued, "Our collaboration with NVIDIA on enterprise agent safety and the land acquisition near our Rockdale site further support the platform we are building, while our Bitcoin mining business continues to benefit from increased tailwinds as pricing continues to strengthen.”

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: (as of 9/30/2026):

Metric	September 2026	August 2026
GPU Amount Deployed	4,328	4,328
GPU Types	H100, H200, B200, B300, GB200, GB300	H100, H200, B200, B300, GB200, GB300
Utilization Rate8	95%	92%
GPUs Under External Subscription	4,007	3,998
ARR1	~$86M	~$86M
Revenue Backlog	$2.9B	$0.9B

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	Q1 2027	100% signed	100%	Signed
A103	Malaysia	60	Vera Rubin	Q1 2028			Signed
A201	Malaysia	21.7	GB300 and Vera Rubin	Jan 2027	Over 70% signed	Over 70%	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
A901	Malaysia	67	GB300	Q2 2027			Signed
Total		333.5

• Capacity Expansion in Malaysia: Bitdeer AI recently announced data services agreements securing 67MW of capacity at A901 data center with full delivery planned for Q2 2027 and an additional 60MW of capacity at A103 data center with delivery planned for Q1 2028.
• Contracting of A201 Facility in Malaysia: Bitdeer AI announced offtake commitments covering more than 70% of our ~21.7MW A201 data center in Johor Bahru, generating >$1.7 billion in expected revenue over 5 years and boosting total AI Cloud revenue backlog to ~$2.9 billion. The liquid-cooled facility supports NVIDIA GB300 NVL72 systems and next-generation Vera Rubin architectures. Over 100 GB300 NVL72 racks were procured ahead of energization, with full deployment and go-live targeted for April 2027.
• NVIDIA Collaboration on Agent Safety: Bitdeer AI announced collaboration with NVIDIA on the NVIDIA Open Agent Safety Platform, which combines NVIDIA OpenShell software controls and the NVIDIA Sentry reference system design. The collaboration focuses on infrastructure-level policy enforcement, sandboxing and auditability for enterprise AI agents. We plan to integrate NVIDIA’s AI safety technology stack to strengthen software- and hardware-based protection for production-grade agentic workflows.
• Industry Engagement: Bitdeer AI enhanced its global market presence by sponsoring AI Infra Summit 2026 (Santa Clara), serving as Gold Sponsor at Tech Week Singapore, and participating in the World AI Show Malaysia. To foster ecosystem adoption and showcase its full-stack AI cloud capabilities, the team also took part in the NVIDIA Inception Grand Challenge and hosted two hands-on community workshops.
  
  

Crypto Mining Update:

CRYPTO Mining, R&D, Manufacturing:

• Mined 1,355 Bitcoins⁴, an increase of 200% Y/Y; we continue to expect momentum in our mining results over the coming months.
• Self-mining hash rate reached ~82.3 EH/s.
• Co-mining hashrate of 28.7 EH/s driven by Co-Mining collaboration, using Bitdeer’s mining rigs operated by 3^rd party datacenters.
  
  

Key Crypto Metrics:

Metric	September 2026	August 2026	September 2025
Hash Rate Metrics:
Self-Mining (Operated in self-owned datacenters)	82.3	79.9	35.0
Other Proprietary Hash Rate5	4.1	4.2	-
Total Proprietary Hash Rate6 (EH/s)	86.4	84.1	35.0
Co-Mining (Operated by 3rd party datacenters)	28.7	21.6	-
BTC Mined4	1,355	1,310	452
BTC Held7	47	61	2,029

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 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 September 30, 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 neocloud services 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; the GPU platforms expected to be deployed at each facility and the availability and timing of delivery of that equipment; the off-take commitments covering more than 70% of the approximately 21.7 MW of capacity at the A201 facility, the expected five-year term of those commitments and the total expected revenue of more than $1.7 billion thereunder; the total expected AI Cloud revenue backlog of approximately $2.9 billion; 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 Company's expectations regarding additional power allocations at its Rockdale site; the expected deployment of GPU hardware at the A201 facility and the expected timing of full deployment and go-live at that facility; the outcome of ongoing contract negotiations, including in respect of the A201 facility; the Company's plan to integrate NVIDIA's AI safety technology stack; the expected transition of the Company's infrastructure updates to a quarterly reporting cadence; 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
Eunice Hwangbo, Director, Corporate Communications
eunice.hwangbo@bitdeer.com

FAQ

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

How much Bitcoin did Bitdeer mine in September 2026?

Bitdeer mined 1,355 Bitcoins in September 2026, an increase of 200% year over year. Production includes both self-mining operations in company-owned data centers and co-mining operations using Bitdeer rigs operated by third-party data centers.

How much revenue does Bitdeer expect from its A201 AI data center commitments?

Bitdeer expects more than $1.7 billion over five years from offtake commitments covering more than 70% of its approximately 21.7MW A201 facility in Johor Bahru. Full deployment and go-live are targeted for April 2027.

How does Bitdeer calculate AI Cloud annualized revenue run-rate?

Bitdeer calculates annualized revenue run-rate by multiplying daily revenue from all contractually obligated GPU orders on the month's final day by 365. This measures the annualized pace of revenue from active contracts at that date, rather than revenue earned over a full year.

How will Bitdeer report infrastructure development updates going forward?

Bitdeer will replace monthly infrastructure updates with quarterly disclosures alongside financial earnings releases. Its most recent infrastructure update accompanied its Q2 2026 financial results on August 10, 2026.