Bitdeer Q2 Bitcoin Output Surges Fivefold Amid AI Expansion

Woofun AI reports that Bitdeer's strategic pivot toward high-performance computing coincided with a dramatic surge in Bitcoin mining output during Q2 2026, as the firm simultaneously scaled its AI data center operations.

The miner extracted 2,694 Bitcoin in the quarter, a nearly fivefold increase from the 565 BTC mined a year earlier. Published on Monday, the balance sheet revealed holdings of just 150 BTC, down sharply from 1,502 BTC twelve months prior. This reduction followed the complete liquidation of a 943 BTC treasury in February, a move attributed to liquidity needs rather than an abandonment of core mining activities.

Financially, revenue climbed 47% to $228.8 million from $155.6 million, with self-mining contributing $168.4 million as average hashrate jumped 389% to 69.5 exahashes per second.

Woofun AI data shows the net loss widened to $92.3 million from $62.9 million, even as the company secured a $4.7 billion, 16-year lease in August for 121 megawatts of AI capacity in Norway.

Market reaction remained muted despite the results slightly surpassing the $225 million Wall Street consensus estimate compiled by Yahoo Finance. Shares rose 1.5% in premarket trading on Monday, following a 15% decline over the past month. This modest recovery suggests investors are weighing immediate profitability concerns against long-term infrastructure bets.