Bitdeer Stock Slumps Amid Record-Breaking July Production and Major Co-Mining Deal

Bitdeer Technologies Group (NASDAQ:BTDR) is making headlines after releasing its July 2026 production and operations update, alongside a new co-mining agreement with Soluna Holdings. The company's stock is under selling pressure, but there are several key developments that could be driving this trend.

In its update, Bitdeer announced that its 9.5 MW A102 facility in Malaysia is now fully committed under long-term offtake agreements ahead of energization, representing total expected contracted revenue exceeding $800 million. The company also expects to sign contracts and begin collecting advance payments for the larger A201 facility within a month.

Bitdeer's self-mining hash rate reached approximately 76.7 EH/s in July, while Bitcoin production rose 322% year-over-year to 1,190 BTC mined. This represents continued execution across Bitdeer's vertically integrated platform, according to CFO Michael G. Potter.