Bitdeer is betting on renewable energy by rolling out a new bitcoin mining site in Texas. This involves 28 MW of capacity at Soluna's wind energy facility, which will allow the company to boost its hash rate by approximately 1.93 EH/s. This is a strategic move that not only increases computing power but also reduces the carbon footprint of operations.
Synergy of Wind and ASICs
Equipment installation will begin in September and will proceed in phases. A key feature of the project is its integration with the Las Majadas wind farm, which powers the Kati 1 data center with a total capacity of 83 MW. Bitdeer will provide its own Sealminer A2 Pro Air ASIC miners, while Soluna will handle infrastructure, power supply, and operational management. Mining revenues will be distributed between the partners, although the financial details of the agreement remain undisclosed.
This is not just another deal for Soluna. The company is actively monetizing surplus renewable energy, converting it into computing power right at the source. This approach avoids the costs of building separate infrastructure and makes bitcoin mining an ideal consumer of "green" energy. Looking ahead, Soluna plans to diversify its business: the second phase of the Kati project is already designed for 100+ MW for AI and HPC workloads.
Growth Amid Industry Stagnation
Bitdeer continues to demonstrate impressive momentum. As of June 30, the company's operational hash rate reached 73 EH/s, increasing by more than 340% year-over-year. This allowed it to surpass long-time leader MARA in capacity. Notably, this growth comes against a reverse trend in the sector: excluding Bitdeer, public miners have reduced realized hash rate by 21% since the fourth quarter of 2025.
The bitcoin network, meanwhile, is showing stagnation. Mining difficulty has dropped by 1.3% to 125.81 T, returning to levels seen in mid-February. The smoothed network hash rate stands at 867.4 EH/s, significantly below the all-time high of 1.15 ZH/s recorded in October 2025.
Migration to AI: A New Reality
The industry continues to shift toward artificial intelligence. In the first half of 2026, 15 public miners and AI operators invested $30.7 billion in equipment—42.6% more than in all of 2025. Revenue from HPC, AI cloud, and colocation for nine companies grew by 52% in the second quarter to $205.8 million. TeraWulf, for example, received approval for power supply to a 482 MW data center under a 20-year contract with Anthropic, which could generate around $19 billion in revenue.
Bitdeer is also actively diversifying: the company signed a five-year, $400 million contract with an unnamed client, covering half of the capacity at its A102 data center in Malaysia.
My take: Bitdeer's success is not just luck but the result of a sound strategy. Combining proprietary ASIC production with a shift to renewable energy gives the company a dual advantage: lower mining costs and resilience to regulatory pressure. However, the bet on the AI segment requires massive capital expenditures, and it's crucial not to lose focus on the core business—bitcoin mining—which remains the anchor of financial stability.