Bitdeer Inks Co-Mining Deal With Soluna, Locks $800M+ Malaysia Offtake
BTDR sits 63% above its 52-week low of $6.916.
Summary
Bitdeer announced a new co-mining agreement with Soluna Holdings to deploy 28 MW (1.93 EH/s) at Soluna's Project Kati 1 in South Texas, with deployment starting September 2026. The company also reported its A102 Malaysia facility is fully committed under long-term offtake agreements with total expected contracted revenue exceeding $800 million, and July production rose 322% YoY to 1,190 BTC. This follows the $4.7B Tydal AI/HPC lease announced earlier this month and the $1B ATM equity program launched on August 10. The co-mining deal expands Bitdeer's hash rate capacity without capital-intensive site development, while the Malaysia offtake commitments provide multi-year revenue visibility. Watch for the A201 facility contract signing expected within a month, which could add further contracted revenue.
At the time of this announcement, BTDR was trading at $11.26 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $3.1B. The 52-week trading range was $6.92 to $27.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.