Bitdeer increased Bitcoin mining output by nearly fivefold in Q2

Bitdeer mined 2,694 Bitcoin during the second quarter of 2026, up nearly fivefold from 565 BTC a year earlier. 

The miner closed the quarter with 150 BTC held on its balance sheet, down 90% from 1,502 BTC a year earlier, according to the company’s Q2 report published Monday.

Bitdeer liquidated its entire 943 BTC treasury in February, citing liquidity decisions rather than a shift away from its core Bitcoin mining business. 

Bitdeer is among the Bitcoin mining companies that have expanded into AI data centers and high-performance computing. In August, it signed a 16-year lease valued at $4.7 billion for 121 megawatts of AI computing capacity in Norway. 

The company also reported $228.8 million in Q2 revenue, up 47% from $155.6 million a year earlier. Self-mining revenue accounted for $168.4 million of the total as average self-mining hashrate jumped 389% to 69.5 exahashes per second. Its net loss widened to $92.3 million from $62.9 million. 

Bitdeer’s revenue slightly surpassed Wall Street’s $225 million consensus estimate, according to analyst estimates compiled by Yahoo Finance. The company’s shares rose 1.5% in premarket trading on Monday, after a 15% decline over the past month. 

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