Bitdeer Q2 Revenue Surges 47% to $228.8M with 2,694 BTC Mined

Bitdeer reports $228.8M Q2 revenue and 2,694 BTC mined. Adjusted EBITDA jumps 576% to $31.1M despite $92.3M net loss. AI cloud revenue grows 977%.

Woofun AI data shows that Bitdeer reported $228.8 million in total revenue for the second quarter of 2026, representing a 47% year-on-year increase. The company recorded a gross loss of $8.5 million and a net loss of $92.28 million, while adjusted EBITDA reached $31.1 million, up approximately 576% from the prior year period. Cash and restricted cash totaled $496.3 million as of June 30.

The average self-mined hash rate was 69.5 EH/s, a 389% increase year-on-year, resulting in 2,694 BTC mined and 150 BTC held in reserves. Total managed hash rate reached 86.1 EH/s, compared to 30.6 EH/s last year. Mining rig efficiency improved to 15.8 J/TH from 25.7 J/TH. AI cloud service revenue hit $14 million, growing roughly 977% year-on-year. Post-period, Bitdeer signed a 16-year, $4.7 billion contract with Volta for AI/HPC hosting in Norway, with Phase 1 delivery expected in the fourth quarter of 2026. Total online power capacity stood at 1,752 MW as of July 31, with 1,228 MW in pipeline.