Bitdeer (NASDAQ: BTDR) signs multi-billion Norway AI lease
Rhea-AI Filing Summary
Bitdeer Technologies Group (BTDR) reported a strong July 2026 operations update across its AI cloud and Bitcoin mining platforms. The company mined 1,190 BTC, a 322% year-over-year increase, supported by self-mining hash rate of about 76.7 EH/s and total proprietary hash rate of 81.7 EH/s, plus 18.7 EH/s of co-mining.
In AI infrastructure, Bitdeer highlighted a $4.7 billion, 16-year AI/HPC colocation lease at Tydal, Norway and an AI cloud annualized recurring revenue of about $76 million. Its A102 9.5MW AI data center in Malaysia is fully committed under long-term offtake agreements with expected contracted revenue exceeding $800 million. Across its AI cloud pipeline, the company reported 141.4 MW of IT load and a fleet of 4,248 GPUs with 95% utilization.
Bitdeer held 257 BTC at July 2026 compared with 1,667 BTC in July 2025. Management also stated it will shift infrastructure disclosures from monthly to quarterly, aligning them with financial earnings releases to provide a more integrated view of its development progress.
Positive
- Bitcoin production rose to 1,190 BTC in July 2026, a 322% year-over-year increase, driven by higher self-mining hash rate of 76.7 EH/s and total proprietary hash rate of 81.7 EH/s.
- Bitdeer secured a large $4.7 billion, 16-year AI/HPC colocation lease in Tydal, Norway and fully committed its 9.5MW A102 AI facility under long-term offtake agreements with expected contracted revenue exceeding $800 million.
- The AI cloud business reported about $76 million in annualized recurring revenue and operated 4,248 GPUs at a high 95% utilization rate, with 3,517 GPUs under external subscription.
Negative
- BTC holdings declined to 257 BTC in July 2026 from 1,667 BTC in July 2025, indicating a significantly smaller on-balance inventory of mined Bitcoin.
Filing Explained
Although the company calls its
Key Figures
Key Terms
self-mining hash rate technical
co-mining technical
annualized recurring revenue financial
offtake agreements financial
IT Load (MW) technical
Vera Rubin technical
FAQ
How many Bitcoins did Bitdeer (BTDR) mine in July 2026 and how does it compare year-over-year?
What are Bitdeer (BTDR)'s current Bitcoin mining hash rates?
What AI cloud revenue metrics did Bitdeer (BTDR) report for July 2026?
What is the size and term of Bitdeer (BTDR)'s new AI/HPC colocation lease in Norway?
How large is Bitdeer (BTDR)'s AI cloud data center pipeline in terms of IT load?
How many Bitcoins does Bitdeer (BTDR) currently hold?
How will Bitdeer (BTDR) change its reporting cadence for infrastructure updates?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2026
Commission file number: 001-41687
BITDEER TECHNOLOGIES GROUP
08 Kallang Avenue
Aperia tower 1, #09-03/04
Singapore 339509
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
EXHIBITS
Exhibit No. |
Description | |
| 99.1 | Press Release – Bitdeer Announces July 2026 Production and Operations Update |
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Signature
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.
|
Bitdeer Technologies Group | ||
| By: | /s/ Jihan Wu | |
| Name: | Jihan Wu | |
| Title: | Chief Executive Officer | |
Date: August 26, 2026
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Exhibit 99.1
Bitdeer Announces July 2026 Production and Operations Update
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 | ~$76M | $4.7B, 16-Year Lease with Volta at Tydal, Norway | 76.7 (EH/s) | 18.7 (EH/s) | 1,190 |
SINGAPORE, August 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 $4.7B, 16-year AI/HPC lease in early August marks a key milestone in converting our power portfolio into contracted, long-term revenue,” said Michael G. Potter, Chief Financial Officer. “Our mining business continued to scale efficiently, reaching approximately 76.7 EH/s in self-mining hash rate. While our AI Cloud platform announced that as of today, our 9.5MW A102 facility in Malaysia is fully committed under long-term offtake agreements, representing total expected contracted revenue exceeding $800 million.”
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 | 95% | 95% | ||
| GPUs Under External Subscription | 3,517 | 3,517 | ||
| ARR1 | ~$76M | ~$76M |
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 | 100% | Signed | |||||||
| A102 | Malaysia | 9.5 | GB300 | Nov 2026 | 50% signed, 50% contract in execution | 100% | 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. |
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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. |
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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
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