Bitdeer Technologies Group

Bitdeer Technologies Group announced that its wholly-owned subsidiary, Tydal Data Center AS, has signed a colocation lease agreement for its AI data center site in Tydal, Norway. The lease is currently not effective and is contingent upon the satisfaction of certain conditions, including external customer and supplier arrangements by the counterparty. The company plans to release comprehensive details, including commercial terms and business impact, once the lease becomes effective, which is expected within the next month.

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.

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.

Bitdeer Technologies Group announced the immediate resignations of Chief Operating Officer Ms. Chao Suo and Chief Business Officer Mr. Linghui Kong. Both executives cited personal reasons for their departure, clarifying that their resignations were not due to any disputes or disagreements with the company's operations, policies, or practices. Despite their resignations from these specific roles, both Ms. Suo and Mr. Kong will continue to serve the company in other capacities.

Bitdeer Technologies Group announced a change in its Chief Financial Officer. Mr. Jianchun Liu will resign from his role as CFO, effective June 30, 2026, citing personal reasons, but will remain with the company as a principal advisor. The board of directors has appointed Mr. Michael G. Potter as the new Chief Financial Officer, effective May 26, 2026. Mr. Potter brings extensive experience, having previously served as CFO for Corsair Gaming, Canadian Solar, and other semiconductor companies, and was instrumental in an IPO and capital market transactions.

Bitdeer Technologies Group reported unaudited financial results for Q1 2026, showing a significant increase in total revenue to $188.9 million, up 169.3% year-over-year. Despite this growth, the company recorded a net loss of $159.5 million, a shift from a net profit in the prior year, primarily due to higher costs and interest expenses. However, Adjusted EBITDA turned positive at $14.4 million, compared to a negative $45.6 million in Q1 2025, reflecting operational improvements and increased self-mining hashrate. The company is actively expanding its AI Cloud business and converting crypto mining facilities to AI data centers.

Bitdeer Technologies Group announced its April 2026 operational update, reporting a significant 372% year-over-year increase in Bitcoin production to 783 BTC. The company's AI Cloud business demonstrated strong momentum, with Annual Recurring Revenue (ARR) growing 60% month-over-month to approximately $69 million. Bitdeer also launched mass production of its SEALMINER A4 series and is in advanced negotiations for a colocation tenant at its Tydal, Norway site, reinforcing its position in both Bitcoin mining and AI infrastructure.

Bitdeer Technologies Group has scheduled its first quarter 2026 earnings conference call and webcast for Thursday, May 14, 2026, at 8:00 AM EST. The company will discuss its unaudited financial and operational results for the quarter ended March 31, 2026. The results will be released before the call at approximately 7:00 AM EST on the same day and will be available on Bitdeer's Investor Relations website.

Bitdeer Technologies Group reported strong operational updates for March 2026, with Bitcoin production increasing 480% year-over-year to 661 BTC. The company's AI Cloud business achieved approximately $43 million in Annual Recurring Revenue (ARR), marking a 105% month-over-month increase. Bitdeer also launched its SEALMINER A4 series and is in negotiations for colocation lease agreements at its Tydal, Norway AI data center, expecting to close these agreements soon.