Bitdeer's Bitcoin output rises 370% Y/Y to 921 BTC in May 2026

Bitdeer Technologies Group (NASDAQ: BTDR) mined 921 Bitcoin in May 2026, a 370% increase compared to the same month a year earlier, according to the company's unaudited monthly operations update.

The Singapore-based company reported a self-mining hash rate of 70.2 EH/s, up from 65.5 EH/s in April 2026 and 13.6 EH/s in May 2025. Co-mining hash rate, using Bitdeer rigs operated in third-party data centers, reached 10.0 EH/s, compared to 8.4 EH/s the prior month. Total hash rate under management was 83.1 EH/s. The company held 171 Bitcoin at month-end.

On the AI side, Bitdeer reported an AI Cloud annualized revenue run rate of approximately $69 million, unchanged from April. The company deployed 4,248 GPUs at a 90% utilization rate, adding Nvidia GB300 to its GPU lineup, which previously included H100, H200, B200, and GB200 units. Two Nvidia GB300 NVL72 clusters were deployed and launched during the month.

Bitdeer said it is in advanced stages of negotiations with a potential colocation tenant for its Tydal, Norway site, which has a combined planned capacity of 225 MW across two phases, both targeting a Q4 2026 energization. The company also said it remains in active dialogue for colocation agreements in Ohio and Texas.

Bitdeer launched the SEALMINER DL1 Hydro, a mining machine designed for Scrypt algorithm mining using proprietary ASIC technology with a hydro-cooling thermal management system.

The company's total global electrical capacity stands at approximately 3.0 GW, comprising 1,797 MW of online capacity and approximately 1,207 MW in its development pipeline across sites in the U.S., Norway, Canada, Malaysia, and elsewhere.

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