Bitdeer Reports Strong Growth in AI Cloud and Bitcoin Mining Businesses

Bitdeer Technologies Group (BTDR) has reported unaudited August 2026 operating metrics showing continued expansion in both its AI cloud and Bitcoin mining businesses.

The company's AI cloud annualized recurring revenue (ARR) reached approximately $86 million, up from around $76 million in July, with a high 92% GPU utilization rate.

Bitdeer also reported that it has leased a $4.7 billion, 16-year colocation AI data center at Tydal, Norway, which will support long-term contracted revenue.