Bitdeer Technologies Group reports developments in Bitcoin mining, AI infrastructure, and related data-center operations. Company updates cover self-mining production, deployed hash rate, proprietary mining rigs, AI cloud utilization, and colocation activity across its infrastructure portfolio.
Recurring news also includes SEALMINER product launches, proprietary ASIC technology, quarterly financial results, earnings calls, and capital actions. Bitdeer’s disclosures describe its role in equipment procurement, logistics, data-center design and construction, equipment management, and daily operations for Bitcoin mining and high-performance computing customers.
Bitdeer Technologies Group (NASDAQ: BTDR) reported significant operational progress in March 2025. The company completed mass production of 3.8 EH/s SEALMINER A1 mining rigs, with 2.8 EH/s already energized, increasing self-mining hashrate to 11.5 EH/s.
Key developments include:
- Self-mined 114 Bitcoins in March 2025
- Launched SEALMINER A2 Pro series with 14.9 J/TH efficiency
- Obtained regulatory approval for Tydal, Norway site (175 MW)
- Signed agreement for 50 MW mining datacenter in Ethiopia for $7.5 million
- Total hash rate under management reached 24.2 EH/s
- Bitcoin holdings increased to 1,156
The company's infrastructure expansion continues with multiple sites under development, including projects in Bhutan (500 MW), Ohio (525 MW), and Norway (175 MW). Bitdeer also retained Northland Capital Markets as financial advisor for its HPC/AI data center development strategy.
Bitdeer Technologies Group (NASDAQ: BTDR) has released its February 2025 operations update, reporting 110 self-mined bitcoins. The company's SEALMINER A1 production (3.7 EH/s) is nearly complete, with various stages of deployment underway. For SEALMINER A2, 35 EH/s production is expected by October 2025, with 0.6 EH/s ready for shipment.
Notable developments include SEAL03 sample wafers achieving 9.7 J/TH efficiency at chip level, and SEAL04 R&D progressing toward 5 J/TH efficiency. The company reported a decrease in client-hosted machines by 17,000 units (1.7 EH/s). Infrastructure expansions are ongoing in multiple locations, including Tydal, Norway (40 MW), Rockdale, Texas (100 MW), and Jigmeling, Bhutan (500 MW).
The company completed a US$9 million share repurchase and approved an additional US$20 million repurchase program through February 2026. CEO Jihan Wu has adopted a Rule 10b5-1 plan to sell up to 4 million shares based on specific price thresholds between March and June 2025.
Bitdeer Technologies Group (Nasdaq: BTDR) has announced a new US$20 million share repurchase program effective from February 28, 2025, through February 28, 2026. This announcement follows the full utilization of its previous US$10 million buyback program, under which the company repurchased shares worth approximately US$9 million on February 27, 2025.
The new program allows Bitdeer to purchase shares through various means, including open market transactions and privately negotiated deals, in compliance with federal securities laws. The repurchase timing and volume will depend on factors such as price, trading volume, market conditions, and working capital requirements. The program will be funded from existing cash reserves and can be modified, suspended, or terminated at any time by the board of directors.
Bitdeer Technologies Group (NASDAQ: BTDR) released its unaudited financial results for Q4 and full year 2024, reporting total revenue of US$69.0 million in Q4, down from US$114.8 million in Q4 2023. The company posted a net loss of US$531.9 million compared to US$5.0 million in the same period last year.
The decline in performance was attributed to strategic prioritization of resources toward developing proprietary ASIC technology, which temporarily hashrate growth. However, management emphasized this investment strengthens their competitive position for 2025 and beyond.
Bitdeer plans to increase its self-mining hashrate to approximately 40 EH/s by Q4 2025, up from the current 8.7 EH/s, by deploying SEALMINER A1s and 28 EH/s of SEALMINER A2s. The company's global power capacity now exceeds 2.6 GWs, with over 1 GW scheduled for energization in 2025.
The company's cash position stands at US$476.3 million with crypto holdings of US$77.5 million as of December 31, 2024.
Bitdeer Technologies Group (NASDAQ: BTDR) has released its January 2025 operations update, reporting 126 self-mined Bitcoins, a decrease from previous month due to temporary curtailments in Bhutan. The company's SEALMINER A1 production remains on track with 3.7 EH/s of mining rigs, while SEALMINER A2's production of 35 EH/s faces a one-month delay due to Taiwan's earthquake.
Key developments include the acquisition of a 101 MW site and gas-fired power plant project in Alberta, and successful execution of a $17M supply chain financing facility at 10.2% interest rate. The company's AI Cloud platform saw utilization drop to ~60% as focus shifts to R&D in model inference and AI Agents.
Infrastructure expansion continues across multiple sites, including Tydal, Norway (175 MW), Massillon, Ohio (221 MW), and Jigmeling, Bhutan (500 MW). Total current electrical capacity stands at 895 MW, with a pipeline capacity of 1,744 MW.
Bitdeer Technologies Group (NASDAQ: BTDR), a blockchain and high-performance computing technology company, has scheduled its fourth quarter and full year 2024 earnings conference call for February 25, 2025, at 8:00 AM EST. The company will release its preliminary and unaudited financial results before the call at approximately 7:00 AM EST.
Management will discuss the financial and operational results for the quarter and year ended December 31, 2024, followed by a Q&A session. The earnings release will be available on Bitdeer's Investor Relations website. Participants can join via webcast or phone registration, with connection recommended 5 minutes before the scheduled time.
Bitdeer Technologies Group (NASDAQ: BTDR) has acquired a 101 MW site and gas-fired power project in Alberta for $21.7 million in cash. The 19-acre site has potential to scale to 1 GW of power and includes permits for an on-site natural gas power plant and 99 MW grid interconnection approval.
The project, expected to be energized by Q4 2026, will make Bitdeer the world's first fully-vertically integrated Bitcoin miner at scale. The company plans to deploy approximately 9 EH/s of its SEALMINER A3 mining machines, featuring 11-12 J/TH efficiency. The project includes a carbon utilization system for net-zero carbon production.
Key financials: Projected energy costs of $20-25 per MWh, power plant construction cost of ~$90 million, and electrical & datacenter infrastructure at ~$30 million. Development will begin in Q2 2025.
Bitdeer (BTDR) has launched ReMine, a new peer-to-peer marketplace feature that enables users to transfer idle mining machine orders and associated rights. The platform specifically allows for the transfer of SEALMINER orders and priority purchase rights, aiming to create a transparent and efficient transfer market for mining machine buyers and sellers.
The feature is accessible through both Bitdeer's official website and mobile app, designed to streamline the process of trading mining machine-related assets and benefits. ReMine's introduction focuses on providing users with a quick and hassle-free experience to help them maximize their mining potential.
Bitdeer Technologies Group (NASDAQ: BTDR) released its December 2024 operations update, highlighting significant progress across multiple initiatives. The company self-mined 145 Bitcoins and maintained strong production targets, with 35 EH/s of SEALMINER A2s production on track through Q3 2025. Notably, ~7 EH/s of SEALMINER A2s have been pre-ordered for external sale with full down payments received.
The company's infrastructure expansion continues with 1.1 GW of new power capacity expected online in 2025. Key developments include progress in multiple locations: Tydal, Norway (40 MW expansion), Rockdale, Texas (100 MW hydro-cooling conversion), Jigmeling, Bhutan (500 MW construction), and Massillon, Ohio (221 MW facility). The company's AI cloud services maintained a ~90% utilization rate, and SEAL03 and SEAL04 development remains on schedule, targeting 10 J/TH and 5 J/TH efficiency respectively.
Bitdeer Technologies Group (NASDAQ: BTDR) released its November 2024 operations update, highlighting significant expansion plans. The company expects to achieve ~35 EH/s of SEALMINER A2 mass production through Q3 2025, up from 18 EH/s. An initial allocation of ~30,000 units (~7 EH/s) has been fully reserved by customers.
Key operational metrics include 150 self-mined Bitcoins and a total hash rate under management of 20.7 EH/s. The company closed a US$400 million convertible note offering to accelerate SEALMINER development. Infrastructure developments include 1.1 GW of new power capacity scheduled for 2025, with major projects in Norway, Texas, Ohio, and Bhutan progressing.