Bitdeer Technologies Group (NASDAQ:BTDR) has released its operational update for March 2026, highlighting a period of hyper-growth in both its artificial intelligence infrastructure and core Bitcoin mining operations.
The company’s AI Cloud business emerged as a major growth engine, with Annualized Recurring Revenue (ARR) reaching approximately $43 million—a staggering 105% increase from February.
This surge was supported by a 94% GPU utilization rate across its fleet, which now includes NVIDIA’s H100, H200, and the newly deployed Blackwell-based B200 and GB200 systems.
In the cryptocurrency sector, Bitdeer demonstrated massive year-over-year scaling.
Bitcoin production for the month rose 480% compared to March 2025, totaling 661 BTC.
The company's self-mining hash rate reached 70 EH/s, a 504% annual increase, driven by the continued rollout of its proprietary SEALMINER A4 series.
With 225,000 self-owned mining rigs now in operation, the firm has successfully transitioned much of its capacity to high-efficiency, vertically integrated hardware, achieving fleet efficiencies as low as 9.45 J/T.
Bitdeer is also making significant strides in its global infrastructure pipeline, which currently totals 3 GW of electrical capacity.
A key focus remains the Tydal, Norway site, where the company is converting existing mining space into a 180 MW AI data center.