Monthly UpdateJun 18, 2026, 07:01 AM
Bitdeer May 2026 Update: Bitcoin Production +370% to 921 BTC; AI Cloud ARR $69M
AI Summary
Bitdeer Technologies Group announced its unaudited operational updates for May 2026, reporting a significant 370% year-over-year increase in Bitcoin production to 921 BTC and a self-mining hashrate of 70.2 EH/s. The company's AI Cloud Annual Recurring Revenue (ARR) remained stable at approximately $69 million with 90% GPU utilization, further enhanced by the deployment of two NVIDIA GB300 NVL72 clusters. Bitdeer is also actively pursuing colocation lease agreements, with the Tydal, Norway site in advanced stages of negotiations, reinforcing its strategy to convert owned power into contracted revenue.
Key Highlights
- Bitcoin production increased 370% Y/Y to 921 BTC in May 2026.
- Self-mining hash rate reached ~70.2 EH/s.
- AI Cloud Annual Recurring Revenue (ARR) held at ~$69 million.
- AI Cloud GPU utilization rate was 90% in May 2026.
- 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 energy capacity is 3.0 GW.
Price Impact
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