Bitdeer Reports 370% Bitcoin Production Surge, Advances AI Cloud Expansion
Event summary
- Bitcoin production increased 370% year-over-year to 921 BTC in May 2026.
- Self-mining hash rate reached 70.2 EH/s, with co-mining at 10.0 EH/s.
- Launched SEALMINER DL1 Hydro for Scrypt algorithm mining with hydro-cooling.
- Advanced negotiations for colocation lease agreements, notably in Tydal, Norway.
- Deployed 2 NVIDIA GB300 NVL72 clusters, expanding AI Cloud infrastructure.
The big picture
Bitdeer's strategic shift from crypto mining to AI Cloud infrastructure reflects broader industry trends of diversification and adaptation to technological advancements. The company's ability to leverage its existing energy capacity for high-margin AI services positions it at the intersection of two high-growth sectors. The scale of its global electrical capacity (3.0 GW) and the strategic locations of its data centers underscore its ambition to become a key player in both digital assets and AI computing.
What we're watching
- Infrastructure Transition
- The pace at which Bitdeer converts crypto mining sites to AI Cloud and colocation facilities will determine its strategic pivot success.
- Regulatory Dynamics
- Legal proceedings involving American Heavy Plate Solutions could impact the timing of Bitdeer's Clarington, OH project.
- Execution Risk
- Whether Bitdeer can sustain its 370% year-over-year Bitcoin production growth amid evolving market conditions.
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