Bitdeer Technologies May 2026 Production and Operations Update

Bitdeer Technologies Group released its May 2026 production and operations update showing significant growth across its Bitcoin mining and AI infrastructure businesses. Bitcoin production surged 370% year-over-year to 921 BTC, while self-mining hash rate reached 70.2 EH/s. The company's AI Cloud business maintained approximately $69 million in annual recurring revenue with 90% GPU utilization. Bitdeer continues to expand its global infrastructure portfolio, now totaling 3.0 GW of energy capacity across multiple sites in the US, Norway, Bhutan, Ethiopia, and Malaysia. The company is in advanced negotiations for colocation agreements at its Tydal, Norway site and recently deployed NVIDIA GB300 NVL72 clusters to enhance its AI capabilities. Management highlighted the complementary strength of their vertically integrated platform as they accelerate the AI transition across their global operations.