Bitdeer is betting on "green" mining. The company is deploying 28 MW of bitcoin mining equipment at Soluna's wind energy facility in Texas. The installation at the Kati 1 site will add about 1.93 EH/s of hashrate for the operator — a significant step in optimizing energy consumption, which I have long predicted for market leaders.
Wind Infrastructure: Deal Details
Installation will begin in September and will be carried out in phases. The key feature is the energy source: Kati 1 is a wind-powered data center connected to the capacity of the Las Majadas wind farm (83 MW). Bitdeer will supply its own ASIC miners, the Sealminer A2 Pro Air, while Soluna will provide the site, electricity, and operational management. Mining revenue will be shared, but the financial terms were not disclosed by the parties — this is typical practice for such partnerships, where strategic value outweighs short-term profit.
Strategic Context: From Bitcoin to AI
After full deployment, Bitdeer will add 1.93 EH/s, but Kati 1 is designed for 3.5 EH/s. For Soluna, the deal is a way to monetize renewable energy through computing. The company builds infrastructure near energy sources, using it for mining, and in the future — for AI and HPC. The second phase of the Kati project is already aimed at 100+ MW of AI/HPC capacity. This confirms the trend: miners are becoming hybrid operators, not just cryptocurrency extractors.
Bitdeer has surpassed MARA in capacity this year: as of June 30, operational hashrate reached 73 EH/s, up 340% over 12 months. This contrasts with the broader market: excluding Bitdeer, public miners reduced realized hashrate by 21% since Q4 2025. I see this as a clear signal of consolidation — only those who diversify energy and computing workloads will survive.
Difficulty and Hashrate: Stagnation as an Opportunity
On August 23, bitcoin mining difficulty decreased by 1.3% — to 125.81 T, returning to mid-February levels. The smoothed network hashrate stands at 867.4 EH/s, showing a downward trend since October 2025, when it reached 1.15 ZH/s amid an all-time high price. For Bitdeer, this is a window of opportunity: reduced competition temporarily boosts margins for those who control energy costs.
AI Migration: Numbers That Change the Market
In the first six months of 2026, 15 public miners and AI operators invested $30.7 billion in equipment — 42.6% more than in all of 2025. Nine miners grew HPC and AI cloud revenue by 52% in Q2 — to $205.8 million. TeraWulf received approval to power the Justified Data Campus data center (482 MW) for a 20-year contract with Anthropic for 401 MW, which will bring about $19 billion in revenue in the first phase. Bitdeer also signed a five-year, $400 million contract with an unnamed client, covering half of the capacity of the A102 data center in Malaysia.
My conclusion: The Bitdeer and Soluna deal is not just an expansion of capacity, but a strategic maneuver amid hashrate stagnation. Using wind energy reduces operational risks and carbon footprint, which is critical for institutional investors. However, success will depend on Bitdeer's ability to scale this model to other sites — otherwise, the advantage will remain local rather than systemic.