Bitdeer posts 47% revenue growth to $228.8 million

• Bitdeer Technologies reported Q2 2026 revenue of $228.8 million, up from $155.6 million a year earlier.
• Adjusted EBITDA increased to $31.1 million, while net loss widened to $92.3 million.
• Bitdeer expanded its AI and high-performance computing strategy through a 16-year Norway data center lease valued at $4.7 billion.

Bitdeer Technologies Group (NASDAQ:BTDR) reported Q2 2026 revenue of $228.8 million, up 47.1% year over year, driven by growth in self-mining, co-mining and AI Cloud operations.

Revenue increased from $155.6 million in Q2 2025, but higher costs resulted in a gross loss of $8.5 million compared with a gross profit of $12 million a year earlier.

Cost of revenue increased to $237.3 million, contributing to a net loss of $92.3 million compared with a $62.9 million loss in the prior-year period, while adjusted EBITDA improved to $31.1 million.

Bitdeer ended Q2 with $496.3 million in cash, cash equivalents and restricted cash, while digital assets and related receivables totaled $196.9 million.

The company also reported total hash rate under management of 86.1 EH/s and mined 2,694 bitcoin during the quarter as it expanded its cryptocurrency mining operations.

Elsewhere, Bitdeer highlighted a 16-year AI and high-performance computing data center lease in Tydal, Norway valued at $4.7 billion as part of its infrastructure expansion strategy.