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About Bitdeer
Bitdeer is a digital asset mining service provider offering self-mining, SEALMINER rig sales, cloud hash rate, and AI cloud services. Its core strength lies in vertical integration, from chip design to data center operations, which reduces reliance on third-party suppliers and improves operational efficiency.
The market pain points it addresses include miners' difficulties in securing stable low-cost electricity, obtaining reliable mining hardware, and managing hash rate capacity. Bitdeer's AI cloud business also helps repurpose mining infrastructure for broader computing needs.
In the past six months (2026-03-07 to 2026-09-07), Bitdeer reported Q2 2026 revenue of $228.8 million, up 47% year-over-year, though still posting a net loss of $92.3 million. The company signed a 16-year, $4.7 billion AI data center lease with Volta in Norway, converting power capacity into long-term contracted income. It also emptied its bitcoin treasury in February 2026 to fund AI infrastructure expansion, shifting strategy from holding mined coins to prioritizing growth in high-performance computing. Additionally, Bitdeer began constructing its first U.S. manufacturing facility in Nevada for SEALMINER assembly. Negative aspects include continued net losses and cost growth outpacing revenue, reflecting heavy investment in expansion.
Bitdeer acquired 200 acres in Texas for $100 million and invested $36 million in a US mining machine manufacturing base, establishing long-term infrastructure expansion. It signed a hosting lease for Norway's Tydal AI data center, signaling diversification into AI. The firm maintains a zero BTC holdings strategy by selling all weekly output while scaling production, evidenced by 990 BTC in June (388% YoY growth).
Over the past six months (2026-03-07 to 2026-09-07), Bitdeer demonstrated strong execution across mining and AI infrastructure.
Bitcoin mining output surged: April 783 BTC (+372% YoY), May 921 BTC (+370%), June 990 BTC (+388%). Self-mining hashrate reached ~73 EH/s, with co-mining adding 15.9 EH/s.
In hardware, the SEALMINER A4 series entered mass production (9.45 J/T), and the SEALMINER DL1 Hydro was launched. A manufacturing facility in Sparks, Nevada broke ground.
AI Cloud ARR grew from ~$69M to ~$76M, with deployment of NVIDIA GB300 NVL72 clusters and new model services.
Key infrastructure milestones: Tydal, Norway site development activated; a $4.7B, 16-year AI/HPC lease signed with a Volta subsidiary; Malaysia A102 facility fully contracted (>$800M revenue).
Future focus: expanding AI data center capacity (Tydal, Malaysia), advancing proprietary miner efficiency, and growing total hash rate under management to solidify its position as a leading AI infrastructure platform.
Jihan Wu: Founder, Chairman and CEO of Bitdeer. Co-founded Bitmain in 2013 and served as CEO, then founded Bitdeer in 2021. Singapore citizen, first translated the Bitcoin whitepaper into Chinese, and also serves as Chairman of Matrixport.
Linghui Kong: Chief Business Officer, joined Bitdeer Group in November 2020. Previously General Manager of Application Software Department at Bitmain, overseeing mining pools and computing-power platforms; earlier at Tencent (WeChat back-end services, ads, search), Baidu, and Yahoo. Holds a master's degree in Communication and Information Systems from Beijing University of Posts and Telecommunications.
Haris Basit: Chief Strategy Officer, responsible for strategy and capital markets. Public details beyond his current role at Bitdeer are limited.
Michael Potter: Chief Financial Officer, overseeing finance and investor relations. Public information is limited.
Ross Gan: Chief Communications Officer, leading external communications and brand. Public information is limited.