Can Bitdeer sustain momentum as Bitcoin mining soars and AI cloud expands?

In August, Bitdeer mined 375 Bitcoins, fueled by a 35% jump in self-mining hashrate to 30 EH/s, with a target of 40 EH/s by October. The vertically integrated company designs and builds its own SEALMINER rigs, deploying 7.8 EH/s of new A2 units across the U.S., Norway, and Bhutan in the month alone, with 18 EH/s of A2s now online.

Beyond mining, Bitdeer’s AI cloud business reached an $8 million annualized run-rate in August, leveraging its global data center footprint. The company expects meaningful acceleration in Q4 as eight NVL72 servers in Malaysia come online, alongside advancements in AI Agent and Retrieval-Augmented Generation (RAG) technologies.

Infrastructure buildouts in Norway and Bhutan are nearly complete, while U.S. expansion in Ohio is delayed until 2026, leaving Bitdeer with 2,690 MW of total global capacity, including projects in the pipeline.