Bitdeer Q2 Financial Report: Revenue of $228.8 Million, Mining Output of 2,694 BTC

Bitdeer released its Q2 2026 financial report, showing total revenue of $228.8 million, a year-on-year increase of 47%; gross loss of $8.5 million, and net loss of $92.28 million; adjusted EBITDA was $31.1 million, up approximately 576% year-on-year; as of June 30, cash and restricted cash totaled approximately $496.3 million. The average self-mining hash rate reached 69.5 EH/s in Q2, a year-on-year increase of 389%, with a total of 2,694 bitcoins mined and a holding of 150 bitcoins; total managed hash rate reached 86.1 EH/s, significantly up from 30.6 EH/s in the same period last year; the average efficiency of mining machines improved to 15.8 J/TH. Revenue from AI cloud services was $14 million, a year-on-year increase of approximately 977%. The company signed a 16-year AI/HPC data center hosting lease with Volta at the Tydal site in Norway, with a contract value of approximately $4.7 billion, and 121 IT MW will be equipped with NVIDIA GPU servers, with the first phase expected to be delivered in Q4 2026. As of July 31, the company's total online power capacity was approximately 1,752 MW, with an additional 1,228 MW of power capacity under construction, bringing the global total power scale to approximately 2,980 MW.

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