Bitdeer Announces March 2026 Production and Operations Update

Monthly Highlights 

• Bitcoin: Production increased 480% Y/Y to 661 Bitcoin
• SEALMINERs: SEALMINER A4 series officially launched with efficiency reaches to ~9.45 J/T
• Colocation: Continued management focus on colocation lease agreements, with Tydal, Norway site in negotiations
• AI Cloud: Demonstrating strong M/M performance in ARR and utilization rates

Key Metrics SummaryGlobal Energy
CapacitySelf-Mining
Hash RateSelf-Owned
RigsBTC
MinedAI Cloud
ARRColocation AI Data Center3.0 GW69.5 (EH/s)225K661~$43MTydal, Norway in negotiations      

SINGAPORE, April 15, 2026 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for AI and Bitcoin mining infrastructure, today announced its unaudited operations updates for March 2026.

Management Commentary
“This month marks a pivotal milestone in our company’s evolution. Driven by accelerating demand from AI customers, our AI cloud business achieved approximately $43 million in ARR, a 105% increase month over month. This momentum underscores both the scale of the market opportunity and our ability to execute effectively in delivering high-performance AI infrastructure.” said Matt Kong, Chief Business Officer of Bitdeer. “In parallel, our Bitcoin mining operations achieved ~70 EH/s, an 504% increase year over year. This achievement reflects our continued operational excellence and disciplined execution of our vertical integration strategy. Importantly, we are in negotiations with potential tenants regarding our colocation AI data center in Tydal, Norway, and we expect to close these agreements in the near term. These potential contracts further increase our revenue streams and reinforce the profitability of our growth.” Matt Kong continued, “Looking ahead, we remain confident that demand for AI infrastructure will continue to grow. With our expanding capacity, proven execution, and clear strategic direction, we expect our AI cloud revenue to further accelerate in the coming months.”

Crypto Mining Update: 

CRYPTO Mining, R&D, Manufacturing:

• Self-Mined 661 Bitcoins, an increase of approximately 480% year over year. March mining was impacted by seasonal factors in Norway and Bhutan; we expect continued strong momentum in our mining results over the coming months.
• Self-mining hash rate reached ~70 EH/s.
• Bitdeer expects self-mining hash rate to continue to grow for the next several months.
• SEALMINER A4 series officially launched with efficiency reaching to 9.45 J/T in early April 2026.

Key Crypto Metrics:

MetricMarch 2026February 2026March 2025Hash Rate Metrics:Self-Mining (Operated in self-owned datacenters)65.163.811.5Self-Mining (Operated in 3rd parties’ datacenters)4.44.2-Other Proprietary Hash Rate1.42.10.6Hosting7.29.012.1Total Hash Rate under Mgmt.1 (EH/s)78.179.124.2    Mining Rig Metrics:Self-owned2225,000232,00097,000Hosted37,00044,00078,000Total Mining Rigs under Mgmt.262,000276,000175,000    BTC MetricsBTC Mined (Self-Mining only)661705114BTC Held331511,156    

1 Total hash rate under management as of March 31, 2026 across Bitdeer’s primary business lines: Self-mining, Cloud Hash Rate, and Hosting.

Self-mining (Operated in self-owned datacenters) refers to cryptocurrency mining for Bitdeer’s own account, whereby its mining rigs are operated in self-owned datacenters, enabling the company to directly capture the high appreciation potential of cryptocurrency.
Self-mining (Operated in 3rd parties datacenter) refers to cryptocurrency mining for Bitdeer’s own account, whereby its mining rigs are operated in third-party datacenters, enabling the company to directly capture the high appreciation potential of cryptocurrency.
Hosting encompasses a one-stop mining machine hosting solution including deployment, maintenance, and management services for efficient cryptocurrency mining.

2 Self-owned mining machines are for Bitdeer’s self-mining business and Cloud Hash Rate business.

3 Bitcoins held does not include Bitcoins from customer deposits, but does include Bitcoins that are pledged as collateral by us.

SEALMINER Manufacturing Metrics:

Mining Rig Model (EH/s)

StageMarch 2026February 2026SEALMINER A4In final assembly0.1-SEALMINER A3In final assembly0.84.6 Ready for shipping4.70.4 In transit1.90.7 Cumulative A3 Deployed12.111.4SEALMINER A2In final assembly0.51.0 Ready for shipping2.92.1 In transit5.81.4 Cumulative A2 external sales8.28.1 Cumulative A2 Deployed49.548.4SEALMINER A1Cumulative A1 Deployed4.24.23rd Party MinersCumulative Deployed5.16.1Total Proprietary Hash RateDeployed70.970.1

Bitdeer AI Update: 

Colocation AI Data Center:

• Bitdeer is in negotiations with potential colocation tenants for Tydal, Norway and remains in active dialogue in Clarington, Ohio and various other sites.
  

AI Cloud Key Metrics: (as of 3/31/2026):

MetricMarch 2026February 2026GPU Amount Deployed2,1282,096GPU TypesH100, H200, B200, GB200H100, H200, B200, GB200Utilization Rate94%64%GPUs Under External Subscription1,9481,240ARR4~$43M~$21M   

4 ARR as of the last day of the respective month is calculated by multiplying the daily revenue generated from all contractually obligated GPU orders on that specific day by 365. This metric provides an annualized view of the revenue run-rate based on active contracts at the end of the reporting period.

• AI Cloud Operations: Maintained strong growth momentum with high GPU utilization driven by robust GPU demand and AI agent workloads, while a shift toward more mid-to-long-term contracts has improved revenue visibility and cash flow stability.
• Model Studio Evolution: Successfully rebuilt Model Studio into a unified, high-performance platform that now supports over 50 leading open-source models, enabling enterprises to deploy everything from basic inference to advanced multimodal applications.
• Agentic AI & NVIDIA Ecosystem: Expanded capabilities into agentic AI by integrating with the NVIDIA NemoClaw platform, providing secure, enterprise-grade environments for executing complex, multi-step workflows and cross-system orchestration.
• Strategic Market Engagement: Strengthened global brand presence and generated incremental business opportunities through the showcase of integrated AI solutions at the NVIDIA GTC conference.

Infrastructure Summary
Site(MW) CapacityEnergization Timing5Planned
UsageConstruction UpdateOnline Electrical Capacity:1)Rockdale, TX563OnlineCrypto to Colocation / AI Cloud 2)Knoxville, TN – phase 137Q4 ‘26Crypto to AI Cloud

Phase 1 AI data center conversion design work initiated, targeting to complete by Q4 ’26.

3)Knoxville, TN – phase 249Q1 ‘274)Wenatchee, WA13Q4 ‘26Crypto to AI CloudAI data center design documents and building permit application submitted for approval. Core equipment is being delivered in succession; we plan to begin with a GB300 cluster. Dismantling of the crypto mining datacenter started in March 2026. Completion targeted Q4 ’26.5)Molde, Norway84OnlineCrypto and in early assessment of converting to AI Cloud 6)Tydal, Norway – phase 150Q4 ‘26Crypto to Colocation

Planning and design continue to advance. Orders for critical long-lead equipment have been placed to support the targeted project timeline for completion around the end of 2026. Engaged Data Center Installations AS as Bitdeer’s design and construction partner for Tydal AI datacenter conversion.

7)Tydal, Norway – phase 2175Q4 ‘268)Gedu, Bhutan100OnlineCrypto 9)Jigmeling, Bhutan500OnlineCrypto 10)Oromia Region, Ethiopia50OnlineCryptoConstruction of the 50 MW site has been completed and energized, with ongoing energization in phases driven by SEALMINER deliveries.11)Massillon, OH121OnlineCrypto121 MW currently online. 26 MW in two fire-damaged buildings expected to be rebuilt and energized by the end of Q3’ 26. Remaining 74 MW is expected to be energized in phases during Q2 ’26.12)Cyberjaya, Malaysia62OnlineAI Cloud Online Electrical Subtotal:1,744        

Pipeline Electrical Capacity:    1)Massillon, OH74 / 26Q2 ’26 / Q3 ’26CryptoReconstruction of the two fire-damaged buildings is currently underway. We anticipate that the total reconstruction cost will be almost fully recovered through the supplier’s insurance coverage.2)Clarington, OH570To be updatedColocation570 MW of power under contract with a local utility. Timing of power availability and construction may be affected by ongoing legal proceedings filed by a neighboring company, American Heavy Plate Solutions, LLC., which is under extensive influence from MHR, a New York based PE firm founded by Mark H. Rachesky. Design and other preparation work continues.3)Niles, OH300Q4 ‘28Colocation / AI Cloud300 MW grid-interconnected development site, with target energization in Q4 ‘28. The project includes 41.8 acres of owned land and a transmission line extension agreement with a local utility company.4)Rockdale, TX1792026Colocation / AI CloudIn Planning5)Fox Creek, Alberta, Canada101Q2 ‘27Crypto101 MW site acquired, fully licensed and permitted for the construction of an on-site natural gas power plant. Assessing current design potential to accommodate future AIDC requirements.6)Cyberjaya, Malaysia69.5Q4 ‘26AI CloudIn ProgressPipeline Electrical Subtotal:1,259.5   Total Global Electrical Capacity:3,003.5        

5 Indicative timing for completion of power. All timing references are to calendar quarters and years.

6 Capacity under lease arrangement

Upcoming Conferences and Events

• May 20 - 21, 2026: B. Riley Securities 26th Annual Investor Conference
• May 27, 2026: Benchmark / StoneX Digital Asset Summit
• June 23, 2026: Northland Capital Markets Growth Conference - Virtual
  

About Bitdeer Technologies Group

Bitdeer is a world-leading technology company for AI and Bitcoin mining infrastructure. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers and building AI computational infrastructure to support the AI revolution. Bitdeer handles complex processes involved in computing such as equipment procurement, transport logistics, data center design and construction, equipment management, and daily operations. Bitdeer also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed data centers across multiple countries, including the United States, Norway, Bhutan, and Ethiopia. To learn more, visit https://ir.bitdeer.com/ or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.

Investors and others should note that Bitdeer may announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter, Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on the social media and other communication channels listed on its website.

Forward-Looking Statements

Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

For investor and media inquiries, please contact:

Investor Relations
Tesh Dahya, Head of Investor Relations
[email protected]

Media
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Jessica Starman, MBA
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