Bitdeer announced a new co-mining agreement with Soluna in its July update, signaling continued hybrid compute strategies amid the AI infrastructure transition.

Bitdeer Technologies Group (NASDAQ: BTDR) is trending following the release of its July 2026 production and operations update, accompanied by a new co-mining agreement with Soluna Holdings.

In Malaysia, Bitdeer has fully committed its 9.5 MW A102 facility under long-term offtake agreements ahead of energization, securing total expected contracted revenue exceeding $800 million. Contract negotiations for the larger A201 facility—a 21.7 MW IT load site—are currently underway, with the company anticipating contract signings and the collection of advance payments within the next month. During this period, Bitdeer’s self-mining hash rate reached approximately 76.7 EH/s, while Bitcoin production surged 322% year-over-year to 1,190 BTC mined in July.

“July reflected continued execution across our vertically integrated platform. Announcing our $4.7B, 16-year AI/HPC lease in early August marks a key milestone in converting our power portfolio into contracted, long-term revenue,” said Michael G. Potter, CFO of Bitdeer. This statement follows the company’s earlier announcement regarding a $4.7 billion, 16-year AI/HPC data center lease for its Tydal, Norway campus, which carries a potential total contract value of $8.0 billion through a one-time eight-year extension. The tenant, a subsidiary of Volta, will configure the entire 121 IT MW facility to operate NVIDIA GPUs for an end customer identified as a leading AI lab. Credit backstops totaling approximately $1.3 billion are expected to be arranged by affiliates of two top-tier global financial institutions.

Moving forward, Bitdeer will transition its infrastructure updates from a monthly schedule to quarterly disclosures issued alongside its financial earnings releases.

Separately, a Bitdeer subsidiary has entered into a co-mining agreement with Soluna Holdings. Under the arrangement, Bitdeer will deploy approximately 28 MW of Bitcoin mining equipment—representing roughly 1.93 EH/s of hash rate—at Soluna’s Project Kati 1 site in South Texas. Deployment is scheduled to commence in September 2026, with a phased batch rollout. Soluna will provide the site, power, and turnkey operations, while Bitdeer will supply and retain ownership of its Sealminer A2 Pro Air mining hardware. The two companies will share the mining proceeds generated from the operation.

At the time of publication, Bitdeer shares were trading 1.42% lower at $11.13, according to Benzinga Pro data.