Bitdeer Technologies Reports Record Q3 2026 Revenue Driven by Bitcoin Mining and AI Cloud Expansion
Bitdeer Technologies Group (BTDR) reported record quarterly revenue of $320.7 million for the third quarter of 2026, marking an 89% year-over-year increase. The growth was primarily fueled by a significant rise in self-mining revenue to $217.5 million and an 11-fold surge in AI Cloud revenue compared to the previous year. Total proprietary hash rate reached 86.4 EH/s, up from 35.0 EH/s a year ago. The company is aggressively expanding its footprint into AI infrastructure, boasting a $2.9 billion AI cloud backlog and securing 332 IT megawatts of capacity toward its 2028 target. While Bitdeer reported an adjusted EBITDA of $69.6 million (up 173% YoY), it also posted a net loss of $125.5 million due to non-cash fair value losses, depreciation, and interest expenses.
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Topics: AI Cloud Services Bitcoin Mining Hash Rate Infrastructure Expansion Revenue Growth