This report is based on public company disclosures, filings and announcements reviewed by GSN; figures are as stated by the company and have not been independently verified.

Bitdeer Technologies Group (Nasdaq: BTDR) released its unaudited operations update for August 2026 on September 17, 2026. The Singapore-headquartered company, which operates as a technology firm focused on artificial intelligence and Bitcoin mining infrastructure, reported a significant expansion in its AI cloud pipeline and a sharp rise in its cryptocurrency mining output.

According to the filing, Bitdeer secured 100 percent contracted GPU capacity for its 9.5 MW A102 facility in Malaysia ahead of energization. The company stated that these long-term commitments represent more than $800 million in total expected revenue. Additionally, Bitdeer executed a 10-year data center services agreement for an additional 65.1 MW at its A202 facility on the Johor campus. This agreement scales the total campus AI cloud capacity to 86.8 MW to capture high-density compute demand.

The company also announced a non-binding Letter of Intent to develop an AI data center in Bhutan’s Gelephu Mindfulness City. This project targets an initial 30 MW of renewable hydro and solar-powered capacity, with a potential expansion pathway to 500 MW. In Norway, Bitdeer announced a 16-year AI and HPC data center lease for its Tydal campus. The filing notes this contract represents approximately $4.7 billion of total contract value over the initial base term, with the potential to reach approximately $8.0 billion if the tenant exercises a one-time 8-year lease extension.

On the colocation front, Bitdeer acquired 200 acres near its existing 563 MW Rockdale facility to support AI and HPC infrastructure development. The company said this outright ownership provides the long-term site control required to develop and finance new data center infrastructure.

In its Bitcoin mining segment, Bitdeer reported that production increased 249 percent year-over-year to 1,310 Bitcoins. The company’s self-mining hash rate stood at 79.9 EH/s, while its co-mining hash rate was 21.6 EH/s.

Key metrics for the AI cloud segment showed that GPU amount deployed reached 4,328 in August, up from 4,248 in July. The utilization rate was reported at 92 percent, down from 95 percent in the previous month. GPUs under external subscription increased to 3,998 from 3,517. Annualized recurring revenue for the AI cloud segment rose to approximately $86 million from approximately $76 million in July.

Michael G. Potter, the chief financial officer of Bitdeer, commented on the company’s strategy. He stated that the AI cloud strategy continues to validate the vertically integrated model built by the company. He described the full contracting of the A102 facility and the Tydal lease as proof points that customers value the reliability and scale of the platform. Mr. Potter added that the company remains focused on turning demand into durable, high-margin revenue that complements its mining business.

The total AI cloud pipeline for Bitdeer stands at 206.5 MW. The company indicated that revenue recognition for the fully contracted A102 facility is expected to begin in the first quarter of 2027. Bitdeer seeks to structure its AI cloud contracts so that customer prepayments are expected to cover approximately 50 percent of the associated capital expenditure.

Sources