Wu Shuo learned that Bitcoin mining company and AI infrastructure firm Bitdeer (NASDAQ: BTDR) released June operating data. That month, it produced 990 BTC, up 388% year-over-year. Its self-operated hashrate rose to 73.0 EH/s, with total managed hashrate of 86.1 EH/s. The company’s annualized recurring revenue (ARR) from its AI cloud business increased to about $76 million, and GPU utilization reached 95%. The company also signed a 10-year lease for Malaysia’s 21.7 MW IT load capacity, expected to be delivered in the first quarter of 2027; a lease for its Tydal AI data center in Norway has also been signed, but it still needs to meet certain preconditions.

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TenYearHodl
· 5h ago
Compute power 73 EH/s, AI cloud ARR $76 million—this company’s pivot is intense. A GPU utilization rate of 95% is also wild.
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IndexFuturesBro
· 5h ago
A 10-year lease in Malaysia, 22MW, with delivery only in 2027? The timeline is pretty long, but that Norwegian data center is more worth noting.
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MacroCaptain
· 7h ago
It looks like the lease for Norway’s Tydal still needs to wait for the conditions to be met, so it feels a bit uncertain. But the one in Malaysia seems pretty much set in stone.
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CWMiner
· 7h ago
A 388% increase—are things in the mining industry this brutal now, or is it that Bitdeer is so well-established, and its hashrate doubled?
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SafeSnapSniper
· 7h ago
The company has 73 self-operated compute power and 86 managed services, which shows it has scale in its hosting business as well. Combined with AI cloud, this company is clearly diversified and getting it right.
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FomoLibrarian
· 7h ago
990 BTC per month—at this pace, in a year it will be almost 12k BTC. At current prices, does that mean annual revenue of over $800 million? Terrifying.
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Arbitrageur
· 7h ago
The AI cloud business annualizes to $76 million; although that’s not large, the growth rate is fast. Coupled with a 95% utilization rate, it shows demand is indeed strong.
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