Bitdeer increased Bitcoin mining output by nearly fivefold in Q2
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Bitdeer increased its Bitcoin mining output nearly fivefold in Q2 2026, mining 2,694 BTC compared to 565 BTC a year earlier. Despite this growth, Bitdeer ended the quarter holding only 150 BTC after liquidating its entire 943 BTC treasury earlier in the year. The company reported $228.8 million in Q2 revenue, up 47% year-over-year, but also a widened net loss of $92.3 million.
Why it matters
The report highlights Bitdeer’s substantial expansion in mining output and revenue, indicating its growing presence in Bitcoin mining. The liquidation of its treasury reflects liquidity management decisions, and its diversification into AI data centers shows a broader strategic focus beyond just mining Bitcoin. This could influence market perceptions of mining companies’ business strategies.
Key context
Bitdeer liquidated 943 BTC of its treasury in February, attributing the decision to liquidity needs rather than a change in its core mining business. The firm has expanded into AI and high-performance computing, signing a 16-year $4.7 billion lease for AI computing capacity in Norway. The self-mining average hashrate rose 389% to 69.5 exahashes per second in Q2.
Key numbers and entities
Bitdeer, 2,694 BTC mined in Q2 2026, 150 BTC held at quarter end, 943 BTC liquidated treasury, $228.8 million Q2 revenue, $168.4 million self-mining revenue, 69.5 exahashes/second self-mining hashrate, $92.3 million net loss, 16-year $4.7 billion lease for 121 MW AI computing capacity in Norway.
What remains unclear
The source does not flag open questions or uncertainties regarding Bitdeer’s mining output increase, treasury liquidation rationale beyond liquidity, or broader strategic moves.