Bitdeer Reports 1190 BTC Mined in July, Up 322% Year-on-Year

Bitdeer released its production and operational update for July 2026, reporting that 1190 bitcoins were mined during the month, representing a year-on-year increase of 322%. The self-mining hash rate was approximately 76.7 EH/s, with a joint mining hash rate of 18.7 EH/s, bringing the total exclusive hash rate to 81.7 EH/s. As of the end of July, the company held 257 bitcoins (excluding customer deposits). In terms of its AI business, the company signed a $4.7 billion, 16-year hosting lease with a subsidiary of Volta, involving an AI/HPC data center in the Tydal area of Norway. If the one-time 8-year renewal option is exercised, the total contract value could reach $8 billion. The facility will be equipped with 121 IT MW of NVIDIA GPUs, serving a leading AI laboratory, with a PUE of approximately 1.1, utilizing 100% renewable energy. Two global top financial institutions are expected to provide around $1.3 billion in letter of credit guarantees. The 9.5 MW A102 facility in Malaysia has been fully locked in through a long-term purchase agreement, with expected total contract revenue exceeding $800 million; negotiations for the 21.7 MW A201 facility are ongoing, with a contract expected to be signed within a month and advance payments to begin. As of July, the company's AI Cloud platform has deployed 4248 GPUs, with a utilization rate of 95%, generating an annual recurring revenue of approximately $76 million. Bitdeer stated that infrastructure updates will shift from monthly to quarterly disclosures, aligning with financial report releases.

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