Quarterly ResultAug 10, 2026, 07:06 AM
Bitdeer Q2 Revenue +47% to $228.8M; Adj. EBITDA $31.1M
AI Summary
Bitdeer Technologies Group reported Q2 2026 unaudited financial results, with total revenue increasing 47.0% to $228.8 million and Adjusted EBITDA rising significantly to $31.1 million. The company recorded a net loss of $92.3 million, up from $62.9 million in Q2 2025. Strategic progress included a $4.7 billion, 16-year AI/HPC data center lease in Tydal, Norway, and continued scaling of AI Cloud revenue to $14.0 million. The company also transitioned to U.S. GAAP accounting standards.
Key Highlights
- Total revenue increased 47.0% to $228.8 million in Q2 2026.
- Adjusted EBITDA rose significantly to $31.1 million from $4.6 million.
- Net loss widened to $92.3 million compared to $62.9 million in Q2 2025.
- Secured a $4.7 billion, 16-year AI/HPC data center lease in Tydal, Norway.
- AI Cloud revenue grew to $14.0 million from $1.3 million year-over-year.
- Total hash rate under management reached 86.1 EH/s.
- Cash, cash equivalents, and restricted cash totaled $496.3 million.
- Company transitioned to U.S. GAAP accounting standards effective January 1, 2026.
Price Impact
More from BTDR