Bitdeer Revenue Climbs 89% as Third-Quarter Bitcoin Output Jumps 248%

Bitdeer Technologies Group (Bitdeer) generated $320.7 million in revenue in the third quarter of 2026, up 89% from a year earlier, as combined mining output rose 248% to 3,855 Bitcoin (BTC).

The production total includes both self-mining and co-mining. Bitdeer produced 1,109 BTC in the same quarter a year earlier.

Adjusted EBITDA increased 173% to $69.6 million. Self-mining hashrate reached 82.3 exahashes per second, up about 135% from 35.0 EH/s.

Bitdeer had an AI Cloud revenue backlog of about $2.9 billion as of Sept. 30. It represents expected revenue under signed customer commitments over their remaining terms; it is not recognized revenue and does not necessarily indicate future revenue. The company had secured approximately 332 IT MW of AI Cloud capacity.

Bitdeer listed total global electrical capacity of about 3.1 gigawatts as of Oct. 31. The figure includes online and pipeline capacity across several planned uses.