Bitdeer Crushes July Mining Target with 322% Year-Over-Year Growth
Bitdeer Technologies Group (BTDR) has reported a strong July 2026 operations update, highlighting significant growth in its AI cloud and Bitcoin mining platforms. The company mined 1,190 BTC in July 2026, representing a 322% year-over-year increase compared to 282 BTC in July 2025.
The increased production was driven by higher self-mining hash rate of about 76.7 EH/s and total proprietary hash rate of 81.7 EH/s. Bitdeer also secured a large $4.7 billion, 16-year AI/HPC colocation lease at Tydal, Norway, and fully committed its 9.5MW A102 AI facility in Malaysia under long-term offtake agreements with expected contracted revenue exceeding $800 million.
In addition, the company's AI cloud business reported about $76 million in annualized recurring revenue and operated 4,248 GPUs at a high 95% utilization rate, with 3,517 GPUs under external subscription. However, BTC holdings declined to 257 BTC in July 2026 from 1,667 BTC in July 2025.