Bitdeer Announces April 2026 Production and Operations Update

Published: 2026-05-12 07:01:06 ET BTDR

Published on 05/12/2026 at 07:01 am EDT

SINGAPORE, May 12, 2026 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for AI and Bitcoin mining infrastructure, today announced its unaudited operations updates for April 2026.

Management Commentary

"April marked another month of disciplined execution across our integrated AI and Bitcoin mining platform. Our AI cloud business sustained strong momentum, with ARR increasing to approximately $69 million, a 60% increase month-over-month, underscoring both the scale of enterprise demand for high-performance AI infrastructure and our ability to convert that demand into durable, contracted revenue. Importantly, we are in advanced stages of negotiations with a prospective colocation tenant for our Tydal, Norway site, which we expect would mark a defining milestone in our colocation strategy and unlock a significant new long-term revenue stream," said Matt Kong, Chief Business Officer of Bitdeer. "In parallel, our self-mining hashrate continues to improve, reaching approximately 65.5 EH/s, up over 400% year-over-year, while our co-mining hashrate has grown to an incremental 8.4 EH/s, reinforcing Bitdeer's position as one of the largest publicly listed Bitcoin miners by total hash rate under management and reflecting the continued ramp-up of our SEALMINER fleet.” Mr. Kong continued, “With our differentiated 3.0 GW power portfolio, expanding AI cloud capacity, and accelerating commercial traction, we remain confident in delivering sustained, profitable growth for our shareholders in the months ahead.”

_________________________________1 Self-Mining (Operated in self-owned datacenters) refers to cryptocurrency mining for Bitdeer’s own account, whereby its mining rigs are operated in self-owned datacenters2 Co-mining (Operated in 3rd party datacenters) refers to cryptocurrency mining for Bitdeer’s own account, whereby its mining rigs are operated in third-party datacenters

Crypto Mining Update:

CRYPTO Mining, R&D, Manufacturing:

Key Crypto Metrics:

3 Includes BTC from self-mining operations and BTC from co-mining operations.4 Other Proprietary Hash Rate includes the hashrate from Bitdeer’s cloud hashrate business, mining rigs delivered in the crypto mining datacenters but not deployed and the mining rigs temporarily offline due to limited economic benefit.5 Hosting encompasses a one-stop mining machine hosting solution including deployment, maintenance, and management services for efficient cryptocurrency mining.6 Total hash rate under management as of April 30, 2026, across Bitdeer’s primary business lines: Self-mining, Co-mining, Cloud Hash Rate, and Hosting.7 Bitcoins held does not include Bitcoins from customer deposits but does include Bitcoins that are pledged as collateral by us.

Bitdeer AI Update:

Colocation AI Data Center:

AI Cloud Key Metrics:

_________________________________2 Utilization Rate as of the last day of the respective month is calculated as the total number of GPUs under internal and external orders divided by the total number of deployed GPUs.3 ARR as of the last day of the respective month is calculated by multiplying the daily revenue generated from all contractually obligated GPU orders on that specific day by 365. This metric provides an annualized view of the revenue run-rate based on active contracts at the end of the reporting period

Infrastructure Summary:

_________________________________4 Indicative timing for completion of power. All timing references are to calendar quarters and years5 Capacity under lease arrangement

Upcoming Conferences and Events

About Bitdeer Technologies Group

Bitdeer is a world-leading technology company for AI and Bitcoin mining infrastructure. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers and building AI computational infrastructure to support the AI revolution. Bitdeer handles complex processes involved in computing such as equipment procurement, transport logistics, data center design and construction, equipment management, and daily operations. Bitdeer also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed data centers across multiple countries, including the United States, Norway, Bhutan, and Ethiopia. To learn more, visit https://ir.bitdeer.com/ or follow Bitdeer on X@Bitdeer and LinkedIn @Bitdeer.

Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on the social media and other communication channels listed on its website.

Forward-Looking Statements

Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

For investor and media inquiries, please contact:

Investor RelationsTesh Dahya, Head of Investor [email protected]

MediaElev8 New MediaJessica Starman, [email protected]