Bitdeer Sees 372% Y/Y Mining Surge to 783 BTC and AI ARR Hits $69M
Bitdeer mined 783 bitcoins in April 2026, a 372% year-over-year increase, as self-mining hash rate reached 65.5 EH/s and co-mining hash rate grew to 8.4 EH/s. AI cloud ARR climbed 60% month-over-month to $69 million, and the Tydal, Norway site enters advanced colocation negotiations.
1. Mining Performance Soars
Bitdeer mined 783 bitcoins in April 2026, a 372% year-over-year increase, as self-mining hash rate surged from 12.4 to 65.5 EH/s and co-mining hash rate rose to 8.4 EH/s, driving total managed hash rate to 87.4 EH/s across 297,000 rigs. The company also launched its industry-leading SEALMINER A4 series with 9.45 J/T efficiency.
2. AI Cloud Business Growth
In its AI cloud business, Bitdeer deployed 4,184 GPUs in April, achieving a 92% utilization rate and generating approximately $69 million in ARR, up 60% month-over-month, supported by 3,323 GPUs under external subscription and a shift toward longer-term contracts.
3. Colocation Strategy Advances
Bitdeer is in advanced negotiations for a colocation tenant at its Tydal, Norway data center, which management expects will unlock significant recurring revenue, while also pursuing colocation opportunities in Ohio, Rockdale (Texas) and other strategic sites.