Bitdeer September Bitcoin Output Up 200% YoY; AI Backlog Hits $2.9B
BTDR is trading near its 52-week low of $6.916 (9.8% above the low).
Summary
Bitdeer mined 1.36K BTC in September, up 200% from 452 BTC a year ago, while self-mining hash rate climbed to 82.3 EH/s from 35 EH/s. The catch: holdings are down to just 47 BTC from 2.03K a year earlier, consistent with the aggressive selling seen in August when it unloaded 1,506 BTC for about $105M. The AI side is where the story is building — AI Cloud backlog jumped to $2.9B from $900M in August, driven by commitments for over 70% of the 21.7 MW A201 Malaysia data center, worth more than $1.7B in expected revenue over five years. Bitdeer also locked in 127 MW of additional Malaysian AI capacity for delivery in Q2 2027 and Q1 2028, pushing the total pipeline to 333.5 MW, and bought 200 acres near its 563 MW Rockdale, Texas site. The NVIDIA AI agent safety collaboration is a small but notable endorsement. This follows the September 29 6-K showing a $251.8M H1 net loss on $417.7M revenue and the $4.7B Tydal lease — the AI pivot is the offset to a still-unprofitable mining core. Shares slipped about 1.3% pre-market to $7.59.
At the time of this announcement, BTDR was trading at $7.59 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $6.92 to $26.81. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.