Bitdeer Q2 Bitcoin Mining Output Soars Nearly Fivefold to 2,694 BTC
BTDR sits 60% above its 52-week low of $6.916.
Summary
Bitdeer mined 2,694 BTC in Q2 2026, a nearly fivefold jump from 565 BTC a year ago, driven by a 389% surge in self-mining hashrate to 69.5 EH/s. Revenue rose 47% to $228.8 million, slightly above the $225 million consensus, though net loss widened to $92.3 million. The company liquidated its entire 943 BTC treasury in February, leaving just 150 BTC on the balance sheet. This follows a series of strong operational updates and the recent $4.7 billion Norway AI data center lease. Shares rose 1.5% premarket after a 15% monthly decline.
At the time of this announcement, BTDR was trading at $11.07 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $2.6B. 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: Cointelegraph.