Bitdeer Q2 Revenue Reaches $228.8 Million, Up 47% Year-on-Year, AI Cloud Business Revenue Surges Nearly 10-Fold

Odaily News: Nasdaq-listed Bitcoin mining company Bitdeer has released its Q2 2026 financial results, reporting revenue of $228.8 million for the quarter, up 47% year-on-year and 21.1% quarter-on-quarter.

According to the financial report, the company's cost of revenue for Q2 stood at $237.3 million, up 65.3% year-on-year but only 4.1% quarter-on-quarter, indicating a significant slowdown in cost growth. Gross loss narrowed to $8.5 million, while net loss came in at $92.3 million, substantially reduced from the $159.5 million recorded in Q1.

By business segment, Bitdeer's proprietary mining revenue reached $168.4 million, up 389.4% year-on-year; AI cloud business revenue hit $14 million, up nearly 10-fold year-on-year.

Additionally, Bitdeer recently signed a 16-year, $4.7 billion AI leasing agreement with Volta for the Tydal data center in Norway, continuing its strategic pivot from Bitcoin mining to AI data center infrastructure. (Bitcoin.com News)