Bitdeer increased Bitcoin mining output by nearly fivefold in Q2
Summary
Bitdeer mined 2,694 BTC in Q2 2026, nearly five times the 565 BTC mined a year earlier. Bitcoin held on its balance sheet fell to 150 BTC from 1,502 BTC a year earlier, after the company sold its entire 943 BTC treasury in February for liquidity reasons. Q2 revenue rose 47% year over year to $228.8 million, slightly above the $225 million Wall Street estimate, with $168.4 million coming from self-mining. Average self-mining hashrate surged 389% to 69.5 EH/s. Net loss widened to $92.3 million from $62.9 million. Bitdeer has also expanded into AI data centers and HPC, including a $4.7 billion, 16-year lease for 121 MW of AI capacity in Norway. Shares gained 1.5% in premarket trading after a 15% monthly decline.
