Bitdeer Technologies Group continues to surprise the market: in July, the company mined a record 1,190 BTC, which is 20% higher than the June result and 322% higher than the figures from a year ago. These are not just numbers, but a signal that the operator is confidently increasing its share in the global mining ecosystem.
My estimate of the company's share of total bitcoin block rewards exceeds 8.7%, which is confirmed by my calculations based on open data. A month earlier, this figure was ~7.4%, and a year ago — less than 2%. Such a leap indicates systematic work, not random luck.
Bitdeer's proprietary hash rate has grown to ~76.7 EH/s, and including joint mining agreements — to 18.7 EH/s. The key driver is the deployment of its own Sealminer installations, which reduces dependence on third-party equipment suppliers.
In August, the company entered into an agreement with Soluna to launch operations at a wind energy facility in Texas. Installing Sealminer A2 Pro Air ASIC miners with a total capacity of 28 MW will add about 1.93 EH/s as early as September. This is a logical step: using "green" energy not only reduces the cost of mining but also strengthens its reputation in the eyes of ESG-oriented investors.
The AI boom as a second growth front
Bitdeer is not limited to mining. The AI Cloud A102 data center in Malaysia (9.5 MW) is fully contracted under long-term agreements, with expected revenue exceeding $800 million. Negotiations are underway for the A201 site (21.7 MW), and initial advance payments may be possible within the next month.
Of particular note is the 16-year contract for the campus in Tindal (Norway) with a base cost of ~$4.7 billion. With a one-time lease extension of eight years, the amount could grow to $8 billion. The 121 MW IT-capacity facility will run on renewable energy, making it attractive to major AI labs.
For comparison: in the first six months of the year, capital expenditures by 15 public miners and AI operators on equipment reached $30.7 billion — 42.6% more than for the entire 2025 year. Bitdeer is clearly striving to be at the forefront of this race.
My conclusion: Bitdeer demonstrates diversification rare for the industry — from classic mining to high-margin AI services. If the company maintains its pace of Sealminer deployment and closes the A201 deals, its market position will become even stronger. However, investors should keep an eye on bitcoin volatility and the timeline for launching the Norwegian project — these are key risks in the coming quarters.