Bitdeer continues its aggressive expansion of mining infrastructure, this time betting on renewable energy. The company will deploy bitcoin mining equipment with a total capacity of 28 MW at Soluna's wind energy facility in Texas. Installing the units at the Kati 1 site will add approximately 1.93 EH/s of hashrate for the operator.
Synergy of Wind and Computing
Installation will begin in September and will be carried out in stages. A key feature of the project is a direct connection to the Las Majadas wind farm, whose total capacity reaches 83 MW. Bitdeer will provide its own ASIC miners, the Sealminer A2 Pro Air, while Soluna will supply infrastructure, electricity, and operational management. Mining profits will be distributed between the partners, but financial details and the terms of the agreement remain undisclosed.
This move is not just about increasing capacity but represents a strategic integration into the "green" energy ecosystem. Soluna builds data centers directly at energy sources, allowing it to monetize surplus generation without constructing costly power transmission lines. In this scheme, mining acts as an ideal flexible consumer, capable of instantly absorbing available power. Notably, Soluna is already planning the second phase of the Kati project, targeting more than 100 MW for AI and HPC workloads.
Market Context: Consolidation and Diversification
Bitdeer continues to surprise the industry with its growth pace. As of the end of June, the company's operational hashrate reached 73 EH/s, increasing by more than 340% year-over-year. This allowed it to surpass long-time leader MARA. Notably, this growth occurs against a backdrop of overall capacity reduction: excluding Bitdeer, public miners have cut realized hashrate by 21% since the fourth quarter of 2025.
The bitcoin network, meanwhile, shows stagnation. Mining difficulty after the August 23 recalculation decreased by 1.3% to 125.81 T, returning to mid-February levels. The seven-day smoothed hashrate stands at 867.4 EH/s, notably below the historical peak of 1.15 ZH/s recorded in October 2025.
Migration to AI: A New Reality
The trend of moving into adjacent segments is gaining momentum. In the first half of 2026, 15 public companies from the mining and AI infrastructure sectors invested $30.7 billion in equipment — 42.6% more than in the entire previous year. Revenue of the nine largest miners from HPC, AI cloud, and colocation grew by 52% in the second quarter, reaching $205.8 million.
A telling example is TeraWulf, which received approval from Kentucky regulators for power supply to a 482 MW data center. The project is tied to a 20-year contract with Anthropic and potential revenue of about $19 billion in the first phase alone. Bitdeer is also keeping pace: a five-year agreement worth approximately $400 million with an unnamed client covers half the capacity of its Malaysian data center A102.
My view: The Bitdeer and Soluna deal is not just a story about cheap energy. It is a clear signal that efficient operators are moving from simply expanding hashrate to building hybrid models where mining serves as a foundational anchor, and the AI segment provides long-term financial stability. Amid stagnant difficulty and rising capital expenditures, it is precisely this kind of diversification that will become a key survival factor for public companies in the next cycle.