The Brief
- Bitdeer shares dropped 16.82% to $9.05 on Monday, even after strong Q2 mining results.
- The miner’s self-mined bitcoin output jumped 377% year over year to 2,694 BTC.
- Revenue rose 47% to $228.8 million, but Bitdeer’s net loss widened to $92.3 million.
Bitdeer Technologies Group (NASDAQ: BTDR), the Singapore-based bitcoin mining and AI infrastructure company, saw its shares drop 16.82% to $9.05 on Monday from a $10.88 previous close. The slide came after Bitdeer filed unaudited second-quarter results with the U.S. Securities and Exchange Commission showing a near-fivefold jump in self-mined bitcoin output.
The filing shows Bitdeer mined 2,694 BTC in the second quarter, up 377% from 565 BTC a year earlier. Self-mining hash rate averaged 69.5 exahashes per second (EH/s), a 389% increase, and reached 73.0 EH/s by June. Total mining rigs grew to 289,000 from 200,000.
Revenue climbed 47% to $228.8 million from $155.6 million, edging past Wall Street’s $225 million consensus. Bitdeer’s net loss widened to $92.3 million from $62.9 million, and the company swung to an $8.5 million gross loss from a $12.0 million gross profit a year earlier. Adjusted EBITDA rose to $31.1 million from $4.6 million.
$BTDR Q2 2026 Financial & Operational Highlights 📊
— Bitdeer (@Bitdeer) August 10, 2026
🔹Total revenue $228.8M (+47% Y/Y); Adjusted EBITDA $31.1M (+576% Y/Y)
🔹Self-mining #hashrate 73 EH/s (+342% Y/Y) across 243,000 #miningrigs (+113% Y/Y); 2,694 $BTC mined (+377% Y/Y).
🔹3 GW global power portfolio for #AIDC… pic.twitter.com/uRhhG9QU2K
Bitdeer also disclosed it held just 150 BTC on its balance sheet at quarter’s end, down from 1,502 BTC a year earlier. CoinLaw figures show Bitdeer liquidated its entire 943 BTC treasury in February. The company now sells nearly all the bitcoin it mines rather than building reserves.
Chief Financial Officer Michael G. Potter tied the numbers to a strategic shift already underway. Potter said in the filing:
The Tydal deal, disclosed Aug. 4, locks in 121 megawatts of AI computing capacity for 16 years at $4.7 billion, according to crypto.news. Bitdeer is separately building a $36 million SEALMINER manufacturing plant in Nevada, part of its push to control more of its own rig supply chain as self-mining revenue reached $168.4 million of the quarter’s total.
Monday’s slide extended a rough stretch. The same Google Finance data show BTDR shares had already fallen 15% over the prior month as mining stocks broadly softened. Bitdeer’s filing included no forward guidance, and its investor relations channel had not addressed the share slide separately as of press time.
Bitdeer’s total hash rate under management, including 15.9 EH/s of new co-mining capacity, reached 86.1 EH/s. The company’s next checkpoint arrives as the Tydal facility ramps toward the contracted power revenue Potter described, the mechanism Bitdeer is counting on to steady results after a quarter that grew mining output but deepened losses.
