Bitdeer reports 200% Bitcoin output rise, $2.9B AI backlog

Bitdeer Technologies Group (NASDAQ: BTDR) reported its unaudited operations update for September 2026, showing a 200% year-over-year increase in Bitcoin production to 1,355 coins, while its AI Cloud revenue backlog rose to approximately $2.9 billion from $0.9 billion in August.

The Singapore-based company said self-mining hash rate reached 82.3 EH/s in September, up from 79.9 EH/s in August and 35.0 EH/s a year earlier. Co-mining hash rate stood at 28.7 EH/s, compared with 21.6 EH/s in August.

On the AI Cloud side, Bitdeer announced offtake commitments covering more than 70% of its approximately 21.7 MW A201 data center in Johor Bahru, Malaysia, representing more than $1.7 billion in expected revenue over five years. The company also secured data services agreements for 67 MW of capacity at its A901 data center, with delivery planned for Q2 2027, and 60 MW at its A103 data center, with delivery planned for Q1 2028. Total AI Cloud pipeline capacity stands at 333.5 MW across nine facilities.

GPU utilization rate reached 95% in September, up from 92% in August, with 4,328 GPUs deployed and 4,007 under external subscription. Annualized recurring revenue held steady at approximately $86 million.

Bitdeer also acquired 200 acres of land near its existing 563 MW Rockdale, Texas facility to support AI and high-performance computing infrastructure development. The company previously announced a 16-year data center lease at its Tydal, Norway campus valued at approximately $4.7 billion, with a potential total contract value of approximately $8.0 billion if an 8-year extension option is exercised.

The company said it also announced a collaboration with Nvidia on the Nvidia Open Agent Safety Platform, focusing on infrastructure-level policy enforcement for enterprise AI agents.

Bitdeer said it plans to transition infrastructure updates from monthly to quarterly disclosures, aligned with financial earnings releases, beginning after its Q2 2026 results issued August 10, 2026.

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