Bitdeer Technologies Group (NASDAQ: BTDR) reported mining 705 bitcoins in February 2026, representing a 541% increase from the same period in 2025, according to the company's monthly operational update.

The Singapore-based bitcoin mining and AI infrastructure company said its self-mining hashrate reached 68 EH/s in February, up from 63.2 EH/s in January. Total hashrate under management increased to 79.1 EH/s from 78.1 EH/s in the prior month.

Bitdeer completed a $375 million senior convertible note offering to strengthen its balance sheet and fund expansion of its AI and colocation services. The company operates 3.0 GW of power capacity across multiple countries including the United States, Norway, Bhutan, and Ethiopia.

The company's GPU cloud business showed 2,096 GPUs deployed with a 64% utilization rate and approximately $21 million in annual recurring revenue. Bitdeer expects to achieve full GPU utilization in March and plans to raise hourly rates for H100 chips due to strong demand.

Manufacturing of Bitdeer's proprietary SEALMINER equipment continued, with cumulative A3 deployment reaching 11.4 EH/s in February from 8.7 EH/s in January. The company is preparing to launch its SEALMINER A4-1 for bitcoin mining in March 2026.

Bitdeer held 51 bitcoins at the end of February, down from 1,530 bitcoins in January. The company said it is in advanced negotiations with potential colocation tenants for its facilities in Norway and Ohio.