Bitdeer’s Bitcoin output surges, losses widen in Q2 2026

Bitdeer’s Bitcoin output soared to 2,694 BTC in Q2 2026, revenue rose 47%, but net loss widened to $92.3M. Shares dropped as the firm expanded into AI infrastructure.

Bitdeer Technologies dramatically increased its Bitcoin production in Q2 2026, mining 2,694 BTC—almost five times more than the 565 BTC mined a year earlier. This growth was fueled by a 389% surge in average self-mining hashrate, reaching 69.5 exahashes per second. Revenue rose 47% year over year to $228.8 million, slightly beating analyst expectations. Despite higher output and revenue, Bitdeer ended the quarter with only 150 BTC on its balance sheet, a 90% drop from the previous year, after selling its 943 BTC treasury in February to boost liquidity. The company’s net loss widened to $92.3 million from $62.9 million, as rising costs outpaced revenue gains. Bitdeer is also expanding into artificial intelligence infrastructure, signing a 16-year, $4.7 billion lease for 121 megawatts of computing capacity in Norway. Following the earnings report, shares fell over 10%, reflecting investor concerns about widening losses despite operational growth.