Bitdeer Reports Strong May 2026 Operations: 921 BTC Mined, AI Cloud Expansion, Norway Colocation Progress
BTDR has more than doubled off its 52-week low of $6.916.
Summary
Bitdeer Technologies Group announced robust operational results for May 2026, highlighted by a 370% year-over-year increase in Bitcoin production to 921 BTC, expansion of its AI Cloud with new NVIDIA GB300 NVL72 clusters, and advanced negotiations for a significant colocation deal in Norway.
Key Events · Earnings and Guidance · BTDR
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Bitcoin Production Surges
Mined 921 Bitcoins in May 2026, representing a 370% increase year-over-year. Self-mining hash rate reached 70.2 EH/s.
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AI Cloud Infrastructure Expansion
Successfully deployed and launched 2 units of NVIDIA GB300 NVL72 clusters, expanding advanced GPU infrastructure. AI Cloud ARR held at approximately $69 million with 90% GPU utilization.
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Strategic Colocation Progress
Advanced stages of negotiations with a potential colocation tenant for the Tydal, Norway site, a key part of converting owned power into long-duration contracted revenue.
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New Product Launch
Launched SEALMINER DL1 Hydro, a proprietary ASIC technology designed for Scrypt algorithm mining with hydro-cooling thermal management.
Analysis · BTDR · Crypto Assets
This monthly operational update is important as it demonstrates continued strong performance in Bitcoin mining and significant progress in the company's strategic shift towards AI infrastructure and colocation. The substantial year-over-year increase in Bitcoin production, coupled with the deployment of advanced NVIDIA GPU clusters and active negotiations for major colocation sites, indicates successful execution on both core and growth initiatives. These developments are critical for the company's revenue diversification and long-term growth trajectory.
At the time of this filing, BTDR was trading at $17.93 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $6.92 to $27.80. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.