Bitdeer May BTC Production Jumps 370% to 921 BTC, AI ARR Steady at $69M
BTDR•Bitdeer’s May bitcoin production surged 370% year-over-year to 921 BTC, boosting self-mining hashrate to 70.2 EH/s and total rigs under management to 277,000. AI Cloud annual recurring revenue held at $69 million with 90% GPU utilization while Tydal, Norway colocation lease is in advanced negotiation.
1. Bitcoin Production Surge
Bitdeer mined 921 BTC in May 2026, representing a 370% year-over-year increase and marking its strongest monthly output to date.
2. Hash Rate and Rig Expansion
Self-mining hashrate rose to 70.2 EH/s in May, while co-mining contributed an additional 10.0 EH/s; total mining rigs under management expanded to 277,000 units.
3. AI Cloud Performance and Infrastructure
AI Cloud annual recurring revenue remained at approximately $69 million, supported by 4,248 GPUs at 90% utilization, and the deployment of two NVIDIA GB300 NVL72 clusters alongside Nemotron 3 infrastructure enhancements strengthened enterprise AI capabilities.
4. Colocation Progress and New ASIC Launch
Bitdeer is in advanced negotiations for a Tydal, Norway colocation lease and launched the SEALMINER DL1 Hydro ASIC, featuring proprietary hydro-cooling for Scrypt algorithm mining.
