Bitdeer Technologies Statistics 2026: Revenue, Hashrate, Power

Bitdeer Technologies Group (NASDAQ: BTDR) posted $188.9 million in Q1 revenue, up from $70.1 million a year earlier, per its May 14, 2026, SEC 6-K filing, while self-mining hashrate averaged 63.2 EH/s for the quarter, a 551.5% increase from 9.7 EH/s last year per Bitdeer’s investor relations disclosure. The Singapore-headquartered miner transitioned its reporting from IFRS to U.S. GAAP on January 1, which reshapes how prior comparisons read in the new statements.

The data spans Q1 financials per the company’s Q1 2026 release, full-year benchmarks from the February 12, 2026, FY2025 press release, hashrate ramp month by month from Bitdeer’s monthly SEC 6-K updates, the SEALMINER hardware roadmap, the Bitcoin that drives mining economics, and Bitdeer’s roughly 3.0 gigawatt global power portfolio per management commentary. The headline net loss masks a cleaner operational signal as Adjusted EBITDA flipped positive.

Key Takeaways

• Q1 2026 total revenue reached $188.9 million, up from $70.1 million in the prior year, a roughly 169% year-over-year increase per the company’s SEC filing.
• Self-mining revenue alone hit $146.9 million vs. $37.2 million the prior year, driven by deployment of proprietary SEALMINER rigs.
• The company reported a net loss of $159.5 million vs. a net profit of $105.3 million the prior year, a swing tied partly to fair-value adjustments under U.S. GAAP.
• Adjusted EBITDA flipped to positive $14.4 million from negative $45.6 million a year earlier, a cleaner read on operating performance.
• Bitdeer mined 2,033 BTC this quarter, up from 350 BTC the prior year, a roughly 5.8x increase in self-produced bitcoin.
• AI Cloud annualized run-rate revenue exceeded $69 million as of the Q1 2026 release, a year ahead of management’s prior pacing.
• Global power capacity totaled 3,003 MW as of April 30, 2026, with 1,744 MW online and 1,259 MW in the pipeline across sites in the U.S., Norway, Bhutan, Ethiopia, and Malaysia.

Editor’s Choice

• Total hash rate under management reached 78.1 EH/s this quarter, up from 24.2 EH/s a year earlier.
• Bitdeer operated 262,000 total mining rigs under management this quarter, vs. 175,000 the prior year.
• Cash, cash equivalents, and restricted cash totaled $297.7 million as of March 31, 2026.
• Digital assets and digital-assets receivable balance sat at $245.0 million as of March 31, 2026.
• Average miner efficiency improved to 16.4 J/TH this quarter from 29.0 J/TH a year earlier, reflecting the SEALMINER fleet transition.
• Total Q1 power consumption hit 2,250,000 MWh vs. 881,000 MWh a year earlier, at an average electricity cost of $52 per MWh.
• Full-year 2025 revenue came in at $620.3 million vs. $349.8 million a year earlier, with net profit of $65.6 million against a prior-year loss.

Recent Developments

• May 14, 2026: Bitdeer released Q1 2026 results, including the SEALMINER A4 launch and a global power portfolio of approximately 3.0 gigawatts per the company’s earnings press release.
• February 12, 2026: Q4 2025 and full-year 2025 results disclosed $224.8 million in Q4 2025 revenue vs. $69.0 million in Q4 2024, with an average Q4 2025 self-mining hashrate of 47.4 EH/s, up 464.3% from 8.4 EH/s.
• December 15, 2025: November 2025 production update reported 526 Bitcoins mined, an approximately 251% year-over-year increase, with self-mining hashrate at 45.7 EH/s.
• October 14, 2025: September 2025 update confirmed Clarington, Ohio’s full 570 MW capacity will be available by the end of Q3 2026, with self-mining hashrate at 35.0 EH/s after the SEALMINER A3 launch.
• August 14, 2025: July 2025 update marked 22.3 EH/s self-mining hashrate and the 159 MW energization milestone across Bhutan and Norway, plus completion of a 100 MW hydro-cooling conversion in Rockdale, Texas.

Bitdeer Revenue and Profitability Statistics

• Q1 2026 total revenue: $188.9 million, up from $70.1 million in the prior year.
• Q1 2026 cost of revenue: $228.0 million vs. $74.1 million, reflecting higher electricity and depreciation from the larger fleet.
• Q1 2026 gross loss: $39.0 million vs. $4.0 million a year earlier, a wider gap as new SEALMINERs ramped before scale efficiencies arrived.
• Q1 2026 net loss: $159.5 million vs. net profit of $105.3 million the prior year.
• Q1 2026 Adjusted EBITDA: positive $14.4 million vs. negative $45.6 million a year earlier.
• FY2025 total revenue: $620.3 million vs. $349.8 million a year earlier.
• FY2025 net profit: $65.6 million vs. a net loss of $599.2 million a year earlier.

Source: Bitdeer SEC 6-K (Q1 2026), Bitdeer Investor Relations

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Is Bitdeer profitable?

Bitdeer reported a U.S. GAAP net loss of $159.5 million for Q1 2026, driven partly by fair-value adjustments on digital assets and convertible-note items under the new accounting basis. The cleaner operational metric, Adjusted EBITDA, was positive $14.4 million vs. negative $45.6 million a year earlier, and full-year 2025 closed with $65.6 million in net profit per the company’s annual disclosure.

Bitdeer Hashrate and Mining Production Statistics

• Q1 2026 average self-mining hashrate: 63.2 EH/s vs. 9.7 EH/s a year earlier, a 551.5% year-over-year increase.
• Q1 2026 period-end self-mining hashrate: 65.1 EH/s vs. 11.5 EH/s a year earlier, measured in self-owned datacenters.
• Co-mining hashrate in third-party datacenters: 4.4 EH/s this quarter, up from zero a year earlier.
• Total hash rate under management: 78.1 EH/s vs. 24.2 EH/s the prior year, spanning self-mining, co-mining, cloud hashrate, and hosting.
• November 2025 self-mining hashrate: 45.7 EH/s, up from 35.0 EH/s in September 2025.
• July 2025 self-mining hashrate milestone: 22.3 EH/s, a 35% increase on continued SEALMINER deployment.
• Q4 2025 average self-mining hashrate: 47.4 EH/s vs. 8.4 EH/s a year earlier, a 464.3% increase.

Source: Bitdeer SEC 6-K monthly production updates, Bitdeer Investor Relations

Bitdeer Bitcoin Mined and Holdings Statistics

• Q1 2026 BTC mined: 2,033 BTC across self-mining and co-mining operations.
• Q1 2025 BTC mined: 350 BTC, for a year-over-year ratio of roughly 5.8x.
• Bitcoins held on the balance sheet at quarter-end: 31 BTC at the end of Q1, down from 1,156 BTC at the end of Q1 a year earlier.
• Q4 2025 BTC mined (self-mining only): 1,673 BTC vs. 469 BTC a year earlier.
• Bitcoins held at the end of 2025: 2,017 BTC vs. 594 BTC a year earlier.
• November 2025 monthly production: 526 Bitcoins, an approximately 251% year-over-year increase and 3% above October 2025.

How much Bitcoin does Bitdeer mine per quarter?

Bitdeer mined 2,033 BTC for Q1 2026, up from 350 BTC the prior year and 1,673 BTC in Q4 2025 per the company’s filings. Production scaled in step with the self-mining hashrate ramp from roughly 9.7 EH/s to 63.2 EH/s on a quarter-average basis, with November 2025 alone contributing a 526 BTC monthly run rate.

Bitdeer SEALMINER Hardware Program Statistics

• SEALMINER A2 cumulative deployed as of November 2025: 34.3 EH/s, with cumulative A2 external sales of 6.4 EH/s.
• SEALMINER A1 cumulative deployed: 4.2 EH/s as of November 2025.
• SEALMINER A3 launched in September 2025 with four models. A3 Air and A3 Pro Air at 12.5 J/TH to 14 J/TH with hashrate 260 TH/s to 290 TH/s, plus A3 Hydro and A3 Pro Hydro at 12.5 J/TH to 13.5 J/TH with hashrate 500 TH/s to 660 TH/s.
• SEAL04 chip first tape-out: September 2025, with initial testing demonstrating sub-10 J/TH efficiency at the chip level.
• SEAL04-1 chip latest verification: approximately 6-7 J/TH power efficiency at the chip level under low-voltage, ultra-power-saving mode, targeting mass production for Q1 2026.
• SEALMINER A4 launch: announced in Q1 2026 as Bitdeer’s most efficient mining rig to date per management’s Q1 commentary.
• SEAL04 architecture target: chip-level efficiency of sub-10 J/TH per initial SEAL04 testing in September 2025.

Source: Bitdeer September 2025 and November 2025 production updates, Q1 2026 press release

By the numbers: Per Bitdeer’s November 2025 filing, SEAL04-1 verification demonstrated approximately 6-7 J/TH chip-level efficiency under low-voltage, ultra-power-saving mode against the chip’s initial sub-10 J/TH efficiency from September 2025 testing. The A2 fleet (deployed at roughly 34.3 EH/s) and the A3 series (in mass production) carry the near-term hashrate ramp while SEAL04 economics validate Q2 2026 onward.

What is SEALMINER?

SEALMINER is Bitdeer’s proprietary mining rig family designed in-house, replacing reliance on third-party manufacturers. The A1 and A2 generations are deployed at 4.2 EH/s and 34.3 EH/s, respectively, as of November 2025. The A3 series launched in September with four variants, and the SEALMINER A4 entered the lineup this quarter, with the mining rigs typically running 15 J/TH to 25 J/TH while initial SEAL04 testing demonstrated sub-10 J/TH efficiency.

Bitdeer Power Infrastructure Statistics

• Total global electrical capacity as of April 30, 2026: 3,003 MW across online and pipeline sites.
• Online electrical subtotal: 1,744 MW across 12 active sites.
• Pipeline electrical subtotal: 1,259 MW.
• Largest single online site: Rockdale, TX, at 563 MW online, evaluated for AI Cloud and colocation conversion.
• Largest pipeline site: Clarington, OH, at 570 MW, with the local utility confirming full availability by the end of Q3 2026.
• Jigmeling, Bhutan: 500 MW online, one of the company’s largest single-site footprints.
• Tydal, Norway: 225 MW combined across phase 1 (50 MW) and phase 2 (175 MW), both targeting Q4 2026 AI/colocation use.
• Niles, OH pipeline: 300 MW targeted for Q4 2028 for colocation and AI Cloud.
• Fox Creek, Alberta: 101 MW under construction for Q2 2027 energization with on-site natural gas power planned.

Bitdeer AI Cloud and HPC Growth Statistics

• AI Cloud annualized run-rate revenue: exceeded $69 million by the Q1 2026 release per management commentary.
• AI Cloud Q1 2026 GAAP revenue: $3.7 million vs. $1.4 million the prior year.
• GPU fleet deployed as of November 2025: 720 GPUs for cloud services with approximately 94% utilization, including 609 GPUs under external subscription.
• AI ARR ramp: approximately $10 million as of the end of November 2025, up from over $8 million in October 2025.

The AI revenue curve is a year ahead of where management originally paced it, but the absolute dollars remain small against a mining business that still runs roughly $147 million per quarter. The pivot is real; the P&L is still a Bitcoin story, with crypto exchange market share data showing the same five venues that hold most BTC concentrating institutional flows.

Bitdeer CapEx, Convertible Notes, and Cash Flow Statistics

• Net cash used in Q1 2026 operating activities: $346.9 million, driven by SEALMINER supply chain, electricity, and interest costs.
• Net cash provided by Q1 2026 financing activities: $352.6 million, anchored by convertible note proceeds.
• Convertible senior note issuance in February 2026: $568.3 million in proceeds across the note issuance, borrowings, and the ATM program.
• Q1 2026 capital expenditures: $93.7 million for datacenter infrastructure, GPU procurement, and mining-rig logistics.
• Q1 2026 net interest expenses: $29.5 million vs. $5.3 million the prior year, reflecting the larger borrowing base.

Why it matters: Bitdeer’s Q1 financing inflow of $352.6 million nearly offset operating cash burn of $346.9 million per the company’s filing. The balance-sheet cushion holds for now, but the cushion’s durability depends on Tydal colocation execution and SEALMINER A4 cost-down. The Q1 financing run was unusually large because the convertible-note issuance was timed inside the quarter; that funding lever does not recur every period.

Bitdeer Revenue by Business Line Statistics

• Q1 2026 self-mining revenue: $146.9 million vs. $37.2 million the prior year.
• Q1 2026 co-mining revenue: $9.0 million, primarily contributed by 3.7 EH/s average mining hashrate for the quarter.
• Q1 2026 cloud revenue: $3.7 million vs. $0.1 million a year earlier.
• Q1 2026 general hosting revenue: $5.5 million vs. $9.6 million.
• Q1 2026 membership hosting revenue: $13.7 million vs. $16.3 million.
• Q1 2026 SEALMINER sales revenue: $3.7 million vs. $4.1 million.
• FY2025 SEALMINER and accessories sales: $108.3 million for the full year per Bitdeer’s annual disclosure.

Bitdeer Mining Operating Efficiency Statistics

• Q1 2026 total power usage: 2,250,000 MWh vs. 881,000 MWh in the prior year.
• Q1 2026 average cost of electricity: $52 per MWh vs. $48 per MWh a year earlier.
• Q1 2026 average miner efficiency across the fleet: 16.4 J/TH vs. 29.0 J/TH the prior year.
• Q4 2025 fleet efficiency: 17.9 J/TH vs. 30.4 J/TH a year earlier.
• Q4 2025 average cost of electricity: $46 per MWh vs. $41 per MWh a year earlier.

Lower J/TH means more hash per watt, the proof point that SEALMINER deployment is replacing older third-party rigs as planned, a pattern visible across the broader DeFi market statistics that set miner revenue per exahash.

Common Questions

Who owns Bitdeer Technologies?

Bitdeer Technologies Group trades publicly on the NASDAQ under the ticker BTDR after its SPAC merger with Blue Safari Group. Jihan Wu, the company’s founder, retains a major equity stake. The company is headquartered in Singapore and files SEC reports as a foreign private issuer, with broader crypto user demographics underpinning institutional and retail demand for the network its rigs secure.

Where are Bitdeer’s datacenters located?

Bitdeer operates datacenters across the United States (Rockdale, TX; Knoxville, TN; Wenatchee, WA; Massillon, OH), Norway (Molde and Tydal), Bhutan (Gedu and Jigmeling), Ethiopia (Oromia Region), and Malaysia (Cyberjaya) per the company’s Q1 power infrastructure summary. Pipeline sites add Clarington and Niles in Ohio, an expansion at Rockdale, and Fox Creek in Alberta, Canada. The largest online single-site is Rockdale, Texas, at 563 MW, and Jigmeling, Bhutan, follows at 500 MW.

Conclusion

Bitdeer’s Q1 2026 numbers, $188.9 million in revenue, 63.2 EH/s average self-mining hashrate, and $14.4 million in positive Adjusted EBITDA, tell a story of operational scale arriving faster than P&L profitability under the new U.S. GAAP basis. The company’s roughly 3.0 GW power portfolio and SEALMINER hardware roadmap give it room to convert mining capacity into AI infrastructure, with the Tydal colocation negotiation as the near-term proof point. Of the seven Q1 2026 revenue streams, self-mining at $146.9 million and AI Cloud at $3.7 million (annualizing above $69 million) were the two growth drivers, while general hosting and membership hosting declined modestly as the company prioritized self-mining scale and early AI infrastructure build-out.

The next two quarters set the trajectory: AI Cloud’s $69 million annualized run rate compounding, SEAL04 mass production hitting the sub-10 J/TH efficiency target, and Clarington’s 570 MW energizing on schedule. Three concrete milestones for BTDR investors to track.