Why did Bitdeer appoint Michael Potter as its new CFO?

Bitdeer appointed Michael Potter as chief financial officer as the company expands beyond bitcoin mining into AI cloud and data centre infrastructure. Potter brings experience from public markets, semiconductors and technology finance.

Who is Michael Potter and why does his background matter?

Michael Potter previously served as CFO of Corsair Gaming from 2019 to 2025, where he helped lead the company’s 2020 IPO. He also held senior roles at semiconductor and industrial technology firms, giving him experience relevant to AI infrastructure expansion.

Why is Jianchun Liu leaving Bitdeer?

Bitdeer said outgoing CFO Jianchun Liu resigned for personal reasons. The company added that Liu will remain involved as a principal advisor following the transition.

How is Bitdeer changing its business strategy?

Bitdeer is increasingly positioning itself as both a bitcoin mining company and an AI infrastructure provider. The company has been investing heavily in GPU cloud services, high-performance computing and colocation operations.

How much AI cloud revenue is Bitdeer generating?

Bitdeer recently said annualised AI cloud revenue surpassed $69 million. The company also reported more than 4,100 deployed GPUs with utilisation above 90%, indicating strong demand for its AI computing services.

Is bitcoin mining still Bitdeer’s biggest business?

Yes. Despite its AI expansion, self-mining remains Bitdeer’s dominant revenue source, generating roughly $146.9 million in quarterly revenue according to the report.

Why are bitcoin mining companies moving into AI infrastructure?

Many crypto mining firms already operate large-scale power and data centre infrastructure, which can also support AI workloads. As AI demand grows, companies are exploring whether AI cloud computing can provide steadier or more profitable revenue than bitcoin mining alone.

What is Bitdeer doing with its global mining facilities?

Bitdeer said it is reassessing several crypto mining sites for potential conversion into AI cloud and colocation facilities. The company operates around 3 gigawatts of power capacity across multiple countries.

Image for illustrative purposes only. Not a real photo.

Bitdeer hires ex-Corsair executive as new CFO

Written by Isaac FrancisPublished May. 28 2026Last Updated May. 28 2026

Bitdeer said chief financial officer Jianchun Liu will step down at the end of June and transition into a principal advisor role, with former Corsair Gaming executive Michael Potter appointed as his replacement.

Potter previously served as chief financial officer at Corsair Gaming between 2019 and 2025, where he helped lead the company’s 2020 initial public offering and managed capital markets transactions.

The company said Liu resigned for personal reasons and would continue supporting Bitdeer after the leadership transition as a principal advisor.

Before joining Corsair, Potter held senior finance and operational roles at semiconductor and technology firms including Lattice Semiconductor, Honeywell, NeoPhotonics and STATS ChipPAC.

Bitdeer shares fell about 3% in early trading, although the stock remained near six-month highs as the company continued expanding beyond bitcoin mining into artificial intelligence and cloud infrastructure services.

The company recently said annualised AI cloud revenue reached nearly $70 million, while GPU deployments exceeded 4,100 units with utilisation above 90% as Bitdeer increased investment in high-performance computing and colocation infrastructure.

Bitdeer also said it is reassessing several global crypto mining facilities for potential conversion into AI cloud and data center operations, including its Tydal project in Norway, which management expects to become the country’s largest operational AI data center once completed.

At the time of reporting, Bitcoin price was $73,233.91.