Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Exhibit 99.1
Bitdeer Announces December 2025 Production and
Operations Update
- Increased self-mining hashrate to 55.2 EH/s on continued deployment of SEALMINERs
- Bitcoin production increased 339% year over year to 636 Bitcoin
- 8 units of GB200 deployed and under testing in Malaysia
SINGAPORE, January 13, 2026 (GLOBE NEWSWIRE) -- Bitdeer Technologies
Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for Bitcoin
mining and AI cloud, today announced its unaudited mining and operations updates for December 2025.
Operational Update
| ○ | Mined 636 Bitcoins, an increase of approximately 339% year over year and 21% from November 2025. |
| | | |
| ○ | Self-mining hashrate reached 55.2 EH/s. |
| | | |
| ○ | Bitdeer will continue deploying SEALMINER mining rigs for self-mining to continue the Company’s growth in self-mining capacity
while concurrently retiring third-party, older-generation rigs. |
| ● | SEALMINER Manufacturing: |
| ○ | ~1.4EH/s of SEALMINER A2s were sold to external parties in December, 2025. |
| Mining Rig Model (EH/s) | |
Stage | |
December 2025 | | |
November 2025 | |
| SEALMINER A3 | |
In final assembly | |
| 0.6 | | |
| 0.9 | |
| | |
In transit | |
| 2.5 | | |
| 2.9 | |
| | |
Cumulative A3 Deployed | |
| 5.9 | | |
| 0.6 | |
| SEALMINER A2 | |
In final assembly | |
| 1.8 | | |
| 2.9 | |
| | |
Ready for shipping | |
| 0.1 | | |
| 0.1 | |
| | |
In transit | |
| 3.4 | | |
| 3.3 | |
| | |
Cumulative A2 external sales | |
| 7.9 | | |
| 6.4 | |
| | |
Cumulative A2 Deployed | |
| 39.7 | | |
| 34.3 | |
| SEALMINER A1 | |
Cumulative A1 Deployed | |
| 4.2 | | |
| 4.2 | |
| 3rd Party Miners | |
Cumulative Deployed | |
| 8.2 | | |
| 8.2 | |
| Total Proprietary Hash Rate | |
Deployed | |
| 58.0 | | |
| 47.3 | |
| ○ | Planned two different chip designs of SEAL04 to ensure success, named SEAL04-1 and SEAL04-2 respectively. |
| | | |
| ○ | SEAL04-1 chip’s latest verification demonstrated approximately 6-7 J/TH power efficiency at the chip level under low-voltage,
ultra-power-saving mode. Targeting mass production in Q1 2026. This chip achieved improvements in overall yield and power efficiency compared
to SEAL03. |
| | | |
| ○ | SEAL04-2 chip’s development continues. |
| ● | U.S. Manufacturing: Preparations for Bitdeer’s U.S. factory
remain in progress. |
| ● | GPU Cloud as of 12/31/2025: |
| GPU Amount Deployed | | |
GPU Types | |
Utilization Rate | | |
Under
external
subscription | | |
ARR | |
| | 1,152 | | |
H100, H200, B200 | |
| 61 | % | |
| 538 | | |
| ~$10 million | |
| ○ | 8 units of GB200 systems were deployed and tested in Malaysia in December. Potential customers have commenced the proof-of-concept
(POC) validation. The cloud service is expected to be officially launched on our website (https://www.bitdeer.ai) in January 2026 to support
broad customer demand. |
| | | |
| ○ | Actively evaluating U.S. data center leasing opportunities to deploy GPUs and bring AI cloud services online for U.S. customers as
early as Q1 2026. |
| | | |
| ○ | Launched IAM and SSO capabilities in the cloud platform, providing centralized identity management, role-based access control, secure
authentication, and seamless integration with identity providers. These capabilities help customers strengthen security posture, simplify
IT administration, and meet compliance requirements to support scalable AI workloads. |
| ● | HPC colocation arrangements: |
| | |
| ○ | Potential additional colocation arrangements for various sites are under evaluation. Multiple potential customers have expressed strong
interest and active discussions are currently underway. |
| Site / Location | |
Capacity (MW) | | |
Status | |
Datacenter Type | |
Timing4 | |
| Electrical capacity | |
| | |
| |
| |
| |
| - Rockdale, Texas | |
| 563 | | |
Online | |
Crypto | |
| Completed | |
| - Knoxville, Tennessee – phase 1 | |
| 37 | | |
Online | |
Crypto converting to AI | |
| Q4 2026 | |
| - Knoxville, Tennessee – phase 2 | |
| 49 | | |
Online | |
Crypto | |
| Completed | |
| - Wenatchee, Washington | |
| 13 | | |
Online | |
Crypto converting to AI | |
| Q4 2026 | |
| - Molde, Norway | |
| 84 | | |
Online | |
Crypto | |
| Completed | |
| - Tydal - 1, Norway | |
| 50 | | |
Online | |
Crypto | |
| Completed | |
| - Tydal - 2, Norway | |
| 175 | | |
Online | |
Crypto converting to AI | |
| Q4 2026 | |
| - Gedu, Bhutan | |
| 100 | | |
Online | |
Crypto | |
| Completed | |
| - Jigmeling, Bhutan | |
| 500 | | |
Online | |
Crypto | |
| Completed | |
| - Oromia Region, Ethiopia | |
| 40 | | |
Online | |
Crypto | |
| Completed | |
| - Massillon, Ohio | |
| 47 | | |
Online | |
Crypto | |
| Completed | |
| Total electrical capacity | |
| 1,6585 | | |
| |
| |
| | |
| Pipeline capacity | |
| | | |
| |
| |
| | |
| - Oromia Region, Ethiopia | |
| 20 | | |
In progress | |
Crypto | |
| Q1 2026 | |
| - Massillon, Ohio | |
| 148/26 | | |
In progress | |
Crypto | |
| Q2 2026/TBD | |
| - Clarington, Ohio | |
| 570 | | |
In progress | |
HPC/AI | |
| Q2 2027 | |
| - Niles, Ohio | |
| 300 | | |
In progress | |
HPC/AI | |
| Q4 2028 | |
| - Rockdale,
Texas | |
| 179 | | |
In planning | |
Crypto | |
| Estimate 2026 | |
| - Alberta,
Canada | |
| 101 | | |
In planning | |
Crypto | |
| Q2 2027 | |
| Total pipeline capacity | |
| 1,344 | | |
| |
| |
| | |
| Total global electrical capacity | |
| 3,002 | | |
| |
| |
| | |
| ● | Production and Operations Summary: |
| Metrics | |
December 2025 | | |
November 2025 | | |
December 2024 | |
| Total hash rate under management1 (EH/s) | |
| 71.0 | | |
| 60.3 | | |
| 21.6 | |
| - Proprietary hash rate | |
| 58.0 | | |
| 47.3 | | |
| 8.9 | |
| ● Self-mining | |
| 55.2 | | |
| 45.7 | | |
| 8.5 | |
| ● Cloud Hash Rate | |
| 1.1 | | |
| 1.1 | | |
| 0.0 | |
| ● Delivered but not yet energized | |
| 1.7 | | |
| 0.5 | | |
| 0.4 | |
| - Hosting | |
| 13.0 | | |
| 13.0 | | |
| 12.7 | |
| Mining rigs under management | |
| 293,000 | | |
| 264,000 | | |
| 175,000 | |
| - Self-owned2 | |
| 211,000 | | |
| 182,000 | | |
| 85,000 | |
| - Hosted | |
| 82,000 | | |
| 82,000 | | |
| 90,000 | |
| Bitcoins mined (self-mining only) | |
| 636 | | |
| 526 | | |
| 145 | |
| Bitcoin held3 | |
| 2,017 | | |
| 2,179 | | |
| 594 | |
| 1 | Total hash rate under management as of December 31, 2025
across Bitdeer’s primary business lines: Self-mining, Cloud Hash Rate, and Hosting. |
| | |
| ● | Self-mining refers to cryptocurrency mining for Bitdeer’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 Bitdeer’s self-mining
business and Cloud Hash Rate business. |
| | |
| 3 | Bitcoins held do not include the Bitcoins from deposits
of the customers, include the Bitcoins that are pledged as collateral. |
Management Commentary
“SEALMINER mass production continues to accelerate the expansion
of our self-mining operations, driving more than a fourfold increase in Bitcoin production year over year, and a 21% increase over November
2025” said Matt Kong, Chief Business Officer of Bitdeer. “We have now surpassed 55 EH/s, marking a significant operational
milestone, with significant continued growth planned through 2026 as we deploy additional proprietary rigs. In parallel, we continue
to scale our AI and high-performance computing infrastructure to meet strong demand, expanding GPU deployments and cloud capabilities
to support a broad range of digital compute needs.”
Infrastructure Construction Update
Tydal, Norway AI data center conversion – Planning and
design continue to advance. Orders for critical long-lead equipment have been placed to support the targeted project timeline for completion
around the end of 2026.
Wenatchee, Washington – AI data center conversion is underway.
Design of the data center was signed off in December 2025. Completion targeted for Q4 2026.
Knoxville, Tennessee – Phase 1 AI data center conversion
design work initiated, targeting to complete by Q4 2026.
Massillon, Ohio –47 MW is currently online. The energization
of approximately 26 MW in two fire-damaged buildings has been postponed, with a revised timeline to be determined following further site
assessment. The remaining 148 MW is expected to be energized in phases during Q2 2026.
Clarington, Ohio – 570 MW of power under contract with
local utility, expected to be available by end of Q3 2026. Design and other preparation work for the Clarington AI data center continues.
Fox Creek, Alberta – 101 MW site acquired, fully licensed
and permitted for the construction of an on-site natural gas power plant. We have revised the design scheme for the mining site to accommodate
future AIDC requirements, as the energization date has been rescheduled for Q2 2027.
Oromia Region, Ethiopia – Construction of the 60 MW site
has been completed, with 20 MW not yet energized and 40 MW undergoing energization in phases according to SEALMINER deliveries.
Niles, Ohio – 300 MW grid-interconnected development site,
with target energization date of Q4 2028. The project includes 41.8 acres of owned land and a transmission line extension agreement with
a local utility company.
Upcoming Conferences and Events
| ○ | January 13 – 16, 2026: 28th Annual Needham Growth Conference in New York |
| | | |
| ○ | March 2 – 5, 2026: Morgan Stanley Technology, Media & Telecom Conference in San Francisco |
| | | |
| ○ | March 10 – 11, 2026: 2026 Cantor Global Technology & Industrial Growth Conference in New York |
| | | |
| | ○ | March 22 – 24, 2026: 38th Annual Roth Conference in Laguna Niguel, CA |
About Bitdeer Technologies Group
Bitdeer is a world-leading technology company
for Bitcoin mining and AI cloud. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers. 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 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
ICR Inc.
John Ragozzino, CFA
bitdeer.ir@icrinc.com
Media
Elev8 New Media
Jessica Starman, MBA
bitdeer@elev8newmedia.com
Public Relations
BlocksBridge Consulting
Nishant Sharma
bitdeer@blocksbridge.com
