Key Takeaways
Bitdeer income reached $228.8M in Q2 2026, up 47% year-over-year regardless of ongoing internet losses.Rising vitality prices for Bitcoin miners pressed Bitdeer to a $237.3M expense baseline in Q2 2026.Bitdeer is leveraging a $4.7B lease with Volta in Norway to pivot capability into AI cloud infrastructure.
High-Line Development
Bitdeer Applied sciences Group launched unaudited monetary outcomes for the second quarter (Q2) of 2026, Aug. 10, demonstrating robust top-line income development accompanied by persistent value pressures. Whereas the corporate’s value of income grew quicker than whole income year-over-year, the tempo of value development slowed considerably in contrast with the primary quarter, serving to slender Bitdeer’s gross loss.
Whole income for the three months ended June 30 totalled $228.8 million, up from $155.6 million within the second quarter of 2025 and up 21.1% from $188.9 million in Q1 of 2026. The price of income climbed to $237.3 million from $143.6 million within the second quarter of 2025, however elevated solely 4.1% sequentially from $228 million within the first quarter of 2026.
Bitdeer’s gross loss narrowed to $8.5 million, in contrast with a gross revenue of $12 million within the second quarter of 2025. Nonetheless, the second-quarter gross loss was a marked enchancment from the $39 million gross loss reported within the first quarter of 2026. The online loss reached $92.3 million, down from $159.5 million within the first quarter of 2026.
The first narrative of Bitdeer’s Q2 monetary efficiency facilities on value enlargement. Yr-over-year, value of income grew 65.3%, outpacing the 47% improve in whole income.
This discrepancy was pushed principally by larger electrical energy bills and rising depreciation prices as the corporate quickly deployed new mining rigs and introduced further information heart capability on-line. Electrical energy bills for self-mining rose to $84.7 million within the second quarter of 2026, whereas depreciation and share-based compensation bills reached $79.8 million. Greater headcount, synthetic intelligence (AI) cloud service charges, and co-mining internet hosting charges additionally contributed to the rising expense baseline.
The expansion in whole income was spearheaded by Bitdeer’s self-mining enterprise, which generated $168.4 million within the second quarter of 2026 — up from $59.3 million within the second quarter of 2025 — pushed by a 389.4% surge in common self-mining hash price to 69.5 exahashes per second. AI cloud income additionally expanded quickly to $14 million, up from $1.3 million within the prior-year interval.
Bitdeer Chief Monetary Officer Michael G. Potter famous that the quarter mirrored regular execution throughout each AI infrastructure and Bitcoin mining fleets, highlighting the current 16-year, $4.7 billion AI and high-performance computing information heart lease with Volta at its Tydal, Norway, facility as a key milestone for changing energy capability into long-term contracted income.
Earlier than securing the Norway mega-lease, Bitdeer introduced in July that building had begun on a $36 million electronics manufacturing facility in Sparks, Nevada — its first U.S. meeting web site for SEALMINER rigs. The power will complement the corporate’s present U.S. information facilities and its San Jose, California, innovation hub.
As of June 30, 2026, Bitdeer held $496.3 million in money, money equivalents and restricted money, offering liquidity because it continues increasing its SEALMINER deployment and AI information heart pipeline.
