Bitdeer Reports 370% Increase in Bitcoin Production
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 8 hours ago
0mins
Source: Newsfilter
- Surge in Bitcoin Production: Bitdeer reported mining 921 Bitcoins in May 2026, representing a 370% year-over-year increase, which underscores the company's significant progress in its vertically integrated mining platform, enhancing its competitive position in the market.
- Boost in Self-Mining Hash Rate: The self-mining hash rate reached 70.2 EH/s, indicating successful enhancements in mining efficiency, which is expected to further drive growth in mining results over the coming months.
- Expansion of AI Cloud Infrastructure: The successful deployment and production launch of two NVIDIA GB300 NVL72 clusters further expands Bitdeer's AI Cloud's GPU infrastructure, enabling support for next-generation AI training and inference workloads, thereby enhancing enterprise-grade capabilities.
- Innovation in Mining Equipment: The recent launch of the SEALMINER DL1 Hydro, designed for Scrypt algorithm mining, integrates Bitdeer's proprietary ASIC technology with a hydro-cooling thermal management system, which is anticipated to improve mining efficiency and broaden market applications.
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Analyst Views on BTDR
Wall Street analysts forecast BTDR stock price to rise
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 17.920
Low
25.00
Averages
32.60
High
40.00
Current: 17.920
Low
25.00
Averages
32.60
High
40.00
About BTDR
Bitdeer Technologies Group is a technology company for blockchain. It provides computing solutions for customers. The Company handles processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, and equipment management. It primarily operates three business lines, namely self-mining, hash rate sharing, and hosting. Self-mining refers to cryptocurrency mining for its own account, which allows it to directly capture the high appreciation potential of cryptocurrency. It offers two types of hash rate sharing solutions, namely Cloud Hash Rate and Hash Rate Marketplace. Through Cloud Hash Rate, the Company sells its hash rate to customers. It offers hash rate subscription plans at a fixed price and shares mining income with them under certain arrangements. Its hosting services offer customers one-stop mining rig hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bitdeer Reports 370% Increase in Bitcoin Production
- Surge in Bitcoin Production: Bitdeer reported mining 921 Bitcoins in May 2026, representing a 370% year-over-year increase, which underscores the company's significant progress in its vertically integrated mining platform, enhancing its competitive position in the market.
- Boost in Self-Mining Hash Rate: The self-mining hash rate reached 70.2 EH/s, indicating successful enhancements in mining efficiency, which is expected to further drive growth in mining results over the coming months.
- Expansion of AI Cloud Infrastructure: The successful deployment and production launch of two NVIDIA GB300 NVL72 clusters further expands Bitdeer's AI Cloud's GPU infrastructure, enabling support for next-generation AI training and inference workloads, thereby enhancing enterprise-grade capabilities.
- Innovation in Mining Equipment: The recent launch of the SEALMINER DL1 Hydro, designed for Scrypt algorithm mining, integrates Bitdeer's proprietary ASIC technology with a hydro-cooling thermal management system, which is anticipated to improve mining efficiency and broaden market applications.
See More
Bitdeer Breaks Ground on New Facility in Alberta
- Facility Groundbreaking: Bitdeer Technologies Group has broken ground on a new facility in Fox Creek, Alberta, integrating a 101 MW natural gas power plant with a data center offering around 100 MW of computing capacity, marking a strategic move in the energy and high-performance computing sectors.
- Investment Scale: This project represents Bitdeer's long-term investment in Alberta, with a total expected investment of US$155 million (approximately C$214 million), highlighting the company's commitment to the region's evolving energy and digital infrastructure economy.
- Job Creation: The new facility is expected to create 300 construction jobs and 30 permanent positions, including entry-level opportunities for new graduates, contributing to local economic development and workforce growth.
- Project Timeline: The facility is scheduled to be energized in the second quarter of 2027, which is anticipated to provide Bitdeer with robust computing capabilities, further driving its expansion in the AI data center market.
See More
Bhutan Denies Selling $1 Billion in Bitcoin
- Bitcoin Controversy: Bhutan disputes reports of selling $1 billion in Bitcoin, despite allowing its sovereign wealth fund to mine Bitcoin in 2019, peaking at 13,000 BTC in 2024, representing 40% of its GDP.
- Salary Increase: In 2023, Bhutan sold $100 million in Bitcoin to double civil servant salaries, successfully reducing the number of departing civil servants from 1,900 to 500, demonstrating effective economic management.
- Mining Status: Despite having mining equipment and cheap electricity, there is little evidence that Bhutan is still mining Bitcoin, possibly due to the current economic conditions making mining less profitable.
- Historical Context: Bhutan was once among the top Bitcoin participating nations alongside the U.S. and El Salvador, but transferred $817 million in Bitcoin to BlockFi and Celsius in 2021, both of which have since gone bankrupt, raising concerns about fund security.
See More
Bitdeer Technologies Q1 Earnings Report Analysis
- Disappointing Earnings: Bitdeer Technologies reported a Q1 GAAP EPS of -$0.68, missing expectations by $0.20, indicating significant challenges in profitability that may affect investor confidence.
- Revenue Surge: Despite the EPS miss, Bitdeer's revenue reached $188.9 million, a 169.5% year-over-year increase, exceeding market expectations by $6.21 million, demonstrating strong demand in the market.
- Widening Net Loss: The company reported a net loss of $159.5 million compared to a net profit of $105.3 million last year, highlighting the severe impact of operational costs and market volatility on its financial health, which could complicate future financing.
- Healthy Cash Position: As of March 31, 2026, Bitdeer held $297.7 million in cash and cash equivalents, maintaining relatively healthy liquidity despite losses, which will aid in strategic adjustments moving forward.
See More
Bitdeer Technologies to Announce Q1 Earnings on May 14
- Earnings Announcement Schedule: Bitdeer Technologies is set to release its Q1 earnings report on May 14 before market open, with a consensus EPS estimate of -$0.43, reflecting a 16.2% year-over-year decline, indicating challenges in profitability.
- Revenue Expectations: The anticipated revenue for Q1 is $182.69 million, representing a 160.6% year-over-year increase, despite facing multiple downward revisions, suggesting the company retains growth potential in the rapidly expanding Bitcoin mining market.
- Estimate Revision Overview: Over the past three months, Bitdeer has seen no upward revisions in EPS estimates and two downward adjustments, while revenue estimates have faced seven downward revisions, reflecting market caution regarding the company's future performance.
- Bitcoin Mining Output Surge: Bitdeer Technologies reported a remarkable 372% increase in Bitcoin mining output, which could support the company's future financial performance, although it also raises concerns about intensifying market competition.
See More
Bitdeer Technologies Reports 372% Increase in Bitcoin Mining
- Bitcoin Mining Performance: Bitdeer Technologies mined 783 Bitcoins over the past year, reflecting a remarkable 372% year-over-year increase, indicating strong growth momentum in the cryptocurrency market, with expectations for continued positive mining results in the coming months.
- Self-Mining Hash Rate Increase: The company's self-mining hash rate reached approximately 65.5 EH/s, showcasing significant improvements in mining efficiency and capacity, which further solidifies its competitive position in the industry.
- Co-Mining Hash Rate: Through collaboration with third-party data centers, Bitdeer's co-mining hash rate achieved 8.4 EH/s, enhancing resource utilization and strengthening the company's adaptability in the market.
- New Product Launch: Bitdeer officially launched the industry-leading SEALMINER A4 series, including A4 Ultra Hydro, A4 Pro Hydro, and A4 Pro Air, marking the company's ongoing commitment to technological innovation aimed at meeting the growing market demand.
See More
Bitdeer Reports 370% Increase in Bitcoin Production
- Surge in Bitcoin Production: Bitdeer reported mining 921 Bitcoins in May 2026, representing a 370% year-over-year increase, which underscores the company's significant progress in its vertically integrated mining platform, enhancing its competitive position in the market.
- Boost in Self-Mining Hash Rate: The self-mining hash rate reached 70.2 EH/s, indicating successful enhancements in mining efficiency, which is expected to further drive growth in mining results over the coming months.
- Expansion of AI Cloud Infrastructure: The successful deployment and production launch of two NVIDIA GB300 NVL72 clusters further expands Bitdeer's AI Cloud's GPU infrastructure, enabling support for next-generation AI training and inference workloads, thereby enhancing enterprise-grade capabilities.
- Innovation in Mining Equipment: The recent launch of the SEALMINER DL1 Hydro, designed for Scrypt algorithm mining, integrates Bitdeer's proprietary ASIC technology with a hydro-cooling thermal management system, which is anticipated to improve mining efficiency and broaden market applications.
See More
Bitdeer Breaks Ground on New Facility in Alberta
- Facility Groundbreaking: Bitdeer Technologies Group has broken ground on a new facility in Fox Creek, Alberta, integrating a 101 MW natural gas power plant with a data center offering around 100 MW of computing capacity, marking a strategic move in the energy and high-performance computing sectors.
- Investment Scale: This project represents Bitdeer's long-term investment in Alberta, with a total expected investment of US$155 million (approximately C$214 million), highlighting the company's commitment to the region's evolving energy and digital infrastructure economy.
- Job Creation: The new facility is expected to create 300 construction jobs and 30 permanent positions, including entry-level opportunities for new graduates, contributing to local economic development and workforce growth.
- Project Timeline: The facility is scheduled to be energized in the second quarter of 2027, which is anticipated to provide Bitdeer with robust computing capabilities, further driving its expansion in the AI data center market.
See More
Bhutan Denies Selling $1 Billion in Bitcoin
- Bitcoin Controversy: Bhutan disputes reports of selling $1 billion in Bitcoin, despite allowing its sovereign wealth fund to mine Bitcoin in 2019, peaking at 13,000 BTC in 2024, representing 40% of its GDP.
- Salary Increase: In 2023, Bhutan sold $100 million in Bitcoin to double civil servant salaries, successfully reducing the number of departing civil servants from 1,900 to 500, demonstrating effective economic management.
- Mining Status: Despite having mining equipment and cheap electricity, there is little evidence that Bhutan is still mining Bitcoin, possibly due to the current economic conditions making mining less profitable.
- Historical Context: Bhutan was once among the top Bitcoin participating nations alongside the U.S. and El Salvador, but transferred $817 million in Bitcoin to BlockFi and Celsius in 2021, both of which have since gone bankrupt, raising concerns about fund security.
See More
Bitdeer Technologies Q1 Earnings Report Analysis
- Disappointing Earnings: Bitdeer Technologies reported a Q1 GAAP EPS of -$0.68, missing expectations by $0.20, indicating significant challenges in profitability that may affect investor confidence.
- Revenue Surge: Despite the EPS miss, Bitdeer's revenue reached $188.9 million, a 169.5% year-over-year increase, exceeding market expectations by $6.21 million, demonstrating strong demand in the market.
- Widening Net Loss: The company reported a net loss of $159.5 million compared to a net profit of $105.3 million last year, highlighting the severe impact of operational costs and market volatility on its financial health, which could complicate future financing.
- Healthy Cash Position: As of March 31, 2026, Bitdeer held $297.7 million in cash and cash equivalents, maintaining relatively healthy liquidity despite losses, which will aid in strategic adjustments moving forward.
See More
Bitdeer Technologies to Announce Q1 Earnings on May 14
- Earnings Announcement Schedule: Bitdeer Technologies is set to release its Q1 earnings report on May 14 before market open, with a consensus EPS estimate of -$0.43, reflecting a 16.2% year-over-year decline, indicating challenges in profitability.
- Revenue Expectations: The anticipated revenue for Q1 is $182.69 million, representing a 160.6% year-over-year increase, despite facing multiple downward revisions, suggesting the company retains growth potential in the rapidly expanding Bitcoin mining market.
- Estimate Revision Overview: Over the past three months, Bitdeer has seen no upward revisions in EPS estimates and two downward adjustments, while revenue estimates have faced seven downward revisions, reflecting market caution regarding the company's future performance.
- Bitcoin Mining Output Surge: Bitdeer Technologies reported a remarkable 372% increase in Bitcoin mining output, which could support the company's future financial performance, although it also raises concerns about intensifying market competition.
See More
Bitdeer Technologies Reports 372% Increase in Bitcoin Mining
- Bitcoin Mining Performance: Bitdeer Technologies mined 783 Bitcoins over the past year, reflecting a remarkable 372% year-over-year increase, indicating strong growth momentum in the cryptocurrency market, with expectations for continued positive mining results in the coming months.
- Self-Mining Hash Rate Increase: The company's self-mining hash rate reached approximately 65.5 EH/s, showcasing significant improvements in mining efficiency and capacity, which further solidifies its competitive position in the industry.
- Co-Mining Hash Rate: Through collaboration with third-party data centers, Bitdeer's co-mining hash rate achieved 8.4 EH/s, enhancing resource utilization and strengthening the company's adaptability in the market.
- New Product Launch: Bitdeer officially launched the industry-leading SEALMINER A4 series, including A4 Ultra Hydro, A4 Pro Hydro, and A4 Pro Air, marking the company's ongoing commitment to technological innovation aimed at meeting the growing market demand.
See More
