Monthly UpdateJun 18, 2026, 04:07 PM
Bitdeer May 2026 Bitcoin Production Up 370% Y/Y to 921 BTC
AI Summary
Bitdeer Technologies Group announced its May 2026 production and operations update, reporting a significant 370% year-over-year increase in Bitcoin production to 921 BTC. The company's AI Cloud Annual Recurring Revenue (ARR) held steady at approximately $69 million with 90% GPU utilization, bolstered by the deployment of two NVIDIA GB300 NVL72 clusters. Bitdeer also launched the new SEALMINER DL1 Hydro and is in advanced negotiations for a colocation lease agreement at its Tydal, Norway site, underscoring its strategic shift towards AI infrastructure.
Key Highlights
- Bitcoin production increased 370% Y/Y to 921 BTC in May 2026.
- Self-mining hash rate reached approximately 70.2 EH/s.
- AI Cloud ARR maintained at ~$69 million with 90% GPU utilization.
- Deployed 2 units of NVIDIA GB300 NVL72 clusters for AI Cloud.
- Launched SEALMINER DL1 Hydro for Scrypt algorithm mining.
- Tydal, Norway colocation lease negotiations are in advanced stages.
- Total global electrical capacity stands at 3,003.5 MW.
- Self-mining rigs increased to 231,000 units.
Price Impact
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