Compute & Cloud · Report

Bitdeer (BTDR) has executed a $4.7 billion AI data center deal, reducing its bitcoin holdings to fund the pivot.

Highlights the capital-intensive nature of crypto-to-AI infrastructure transitions and tracks remaining treasury exposure for miners diversifying into compute leasing.

CryptoSlicast · September 16, 2026 at 20:31 UTC · US · Source: Stock Titan

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SINGAPORE, September 17, 2026 – Bitdeer Technologies Group (NASDAQ: BTDR), a world-leading technology company for AI and Bitcoin mining infrastructure, today announced its unaudited operations updates for August 2026.

**Monthly Highlights**

In AI Cloud, Bitdeer secured 100% contracted GPU capacity for its 9.5 MW A102 facility in Malaysia ahead of energization through long-term commitments, representing more than $800 million in total expected revenue. The company also signed a non-binding Letter of Intent to develop an AI data center in Bhutan’s Gelephu Mindfulness City, targeting an initial 30 MW of renewable hydro/solar-powered capacity with a potential expansion pathway to 500 MW. Additionally, Bitdeer executed a 10-year data center services agreement securing an additional 65.1 MW at its A202 facility on the Johor campus, scaling total campus AI Cloud capacity to 86.8 MW to capture high-density compute demand.

In colocation, Bitdeer recently acquired 200 acres near its existing 563 MW Rockdale facility to support AI/HPC infrastructure development. In Bitcoin mining, production increased 249% year-over-year to 1,310 BTC.

**Key Metrics Summary**

| Category | Metric | Value |

|---|---|---|

| AI Cloud Pipeline (IT MW) | Total Pipeline | 206.5 MW |

| AI Cloud ARR | Annualized Run-Rate | ~$86M |

| Colocation AI Data Center | Tydal, Norway Lease | $4.7B, 16-Year Lease with Volta |

| Self-Mining Hash Rate | Operational Capacity | 79.9 EH/s |

| Co-Mining Hash Rate | Third-Party Operated | 21.6 EH/s |

| BTC Mined | August 2026 | 1,310 |

**Management Commentary**

“Our AI-cloud strategy continues to validate the vertically integrated model we’ve built at Bitdeer, converting powered land into large-scale, contracted AI/HPC revenue in addition to simply mining Bitcoin,” said Michael G. Potter, Chief Financial Officer of Bitdeer. “Tydal and the full contracting of our A102 facility are proof points that customers value the reliability and scale of our platform.” Mr. Potter continued, “We remain focused on turning that demand into durable, high-margin revenue that complements our mining business, and we’re encouraged by the pipeline of opportunities ahead.”

**Bitdeer AI Update**

*Colocation AI Data Center:* Bitdeer recently acquired 200 acres near its existing 563 MW Rockdale facility to support AI/HPC infrastructure development. Outright ownership provides the long-term site control required to develop and finance AI/HPC data center infrastructure. Bitdeer believes its Rockdale site, with its existing large-load interconnection and established transmission infrastructure, is well positioned to receive additional power allocations over the coming years.

The company also announced a 16-year AI/HPC data center lease for its Tydal, Norway Campus, representing approximately $4.7 billion of total contract value over the initial base term, with the potential to reach a total contract value of approximately $8.0 billion if the tenant exercises its one-time 8-year lease extension. Tydal is expected to be among Norway’s largest and most efficient AI data centers upon completion. With a PUE of approximately 1.1 and running on 100% renewable energy, it sets a compelling standard for data center performance at scale.

*AI Cloud Key Metrics:*

| Metric | August 2026 | July 2026 |

|---|---|---|

| GPU Amount Deployed | 4,328 | 4,248 |

| GPU Types | H100, H200, B200, B300, GB200, GB300 | H100, H200, B200, GB200, GB300 |

| Utilization Rate | 92% | 95% |

| GPUs Under External Subscription | 3,998 | 3,517 |

| ARR | ~$86M | ~$76M |

*AI Cloud Pipeline Update:*

|---|---|---|---|---|---|---|---|

| A102 | Malaysia | 9.5 | GB300 | Nov 2026 | 100% signed | 100% | Signed |

| A201 | Malaysia | 21.7 | GB300 and Vera Rubin | Jan 2027 | Late negotiations | | Signed |

| A202 | Malaysia | 65.1 | GB300 and/or Vera Rubin | Q3 2027 | Signed | | Signed |

| A401 | Norway | 42.7 | Vera Rubin | 2H 2027 | Self-Owned | | |

| A501 | WA, USA | 10 | Vera Rubin | Dec 2027 | Self-Owned | | |

| A601 | TN, USA | 55 | Vera Rubin | Oct 2027 | Self-Owned | | |

| **Total** | | **206.5** | | | | | |

Recent developments include:

• **New AI Data Center Site:** Bitdeer has signed a non-binding Letter of Intent to develop an AI data center in Bhutan’s Gelephu Mindfulness City, targeting an initial 30 MW of renewable hydro/solar-powered capacity with a potential expansion pathway to 500 MW.

• **Full Contracting of A102 Facility (Malaysia):** Bitdeer AI secured 100% contracted GPU capacity for its 9.5 MW A102 facility ahead of energization through long-term commitments, representing more than $800 million in total expected revenue. As a general matter, Bitdeer AI seeks to structure its AI Cloud contracts so that customer prepayments are expected to cover approximately 50% of the associated capital expenditure. Revenue recognition is expected to begin in Q1 2027.

• **GPU Procurement for A201 Facility:** Bitdeer AI advanced hardware readiness for its A201 facility by procuring 133 racks of GB300 ahead of energization at market price from an unaffiliated third-party supplier, ensuring seamless post-energization deployment and rapid time-to-market. This procurement is subject to customary representations, warranties, covenants, indemnities, and termination rights.

• **Capacity Expansion at A202 Facility (Malaysia):** Bitdeer AI executed a 10-year data center services agreement securing an additional 65.1 MW at its Johor campus, scaling total campus AI Cloud capacity to 86.8 MW to capture high-density compute demand.

• **Model Service Expansion:** The model service onboarded six open-source models in August, including Day-0 availability of NVIDIA Nemotron 3.5 Lightning. These additions reflect continued investment in the token service, broadening open-source model offerings while enhancing service stability.

• **Industry & Community Engagement:** Bitdeer AI expanded its industry reach by participating in Ai4 2026 in Las Vegas, speaking on a panel at SGTech, and hosting developer community events in Singapore to connect with key stakeholders across AI infrastructure, enterprise adoption, and emerging technologies.

**Crypto Mining Update**

*Crypto Mining, R&D, Manufacturing:*

• Mined 1,310 BTC, an increase of 249% year-over-year; the company continues to expect momentum in its mining results over the coming months.

• Self-mining hash rate reached ~79.9 EH/s.

• Co-mining hashrate of 21.6 EH/s was driven by co-mining collaboration, utilizing Bitdeer’s mining rigs operated by third-party datacenters.

*Key Crypto Metrics:*

|---|---|---|---|

| Self-Mining (Operated in self-owned datacenters) | 79.9 | 76.7 | 30.0 |

| Other Proprietary Hash Rate | 4.2 | 5.0 | 0.3 |

| Total Proprietary Hash Rate (EH/s) | 84.1 | 81.7 | 30.3 |

| Co-Mining (Operated by 3rd party datacenters) | 21.6 | 18.7 | - |

| BTC Mined | 1,310 | 1,190 | 375 |

| BTC Held | 61 | 257 | 1,934 |

**Infrastructure Summary**

Bitdeer will transition its infrastructure updates from a monthly reporting cadence to quarterly disclosures issued concurrently with its financial earnings releases, providing a more meaningful and integrated perspective on the Company’s development progress. The Company’s most recent infrastructure update was disclosed alongside its Q2 2026 financial results on August 10, 2026.

**Footnotes**

1. 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.

2. 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 datacenters.

3. Co-mining (Operated by 3rd party datacenters) refers to cryptocurrency mining for Bitdeer’s own account, whereby its mining rigs are operated by third-party datacenters.

4. Includes BTC from self-mining operations and BTC from co-mining operations.

5. 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.

6. Total Proprietary Hash Rate as of August 31, 2026 includes Self-Mining Hash Rate and Other Proprietary Hash Rate.

7. Bitcoins held does not include Bitcoins from customer deposits but does include Bitcoins that are pledged as collateral by us.

8. Utilization

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