Bitdeer Reports $69M AI Cloud ARR and 783 Bitcoin Mined in April

Bitdeer (NASDAQ: BTDR) reported that its self-mining hash rate reached approximately 65.5 EH/s in April 2026, representing over a 400% increase year-over-year. The company's co-mining hash rate grew to 8.4 EH/s, reflecting the continued ramp-up of its SEALMINER fleet.

The company mined 783 Bitcoins in April 2026, a 372% increase compared to the same month last year. Bitdeer also announced the official launch of its SEALMINER A4 series, including the A4 Ultra Hydro, A4 Pro Hydro, and A4 Pro Air models, noted for industry-leading efficiency of 9.45 J/T.

Bitdeer's AI cloud business demonstrated strong month-over-month performance, with annual recurring revenue (ARR) increasing to approximately $69 million, a 60% increase from the prior month. The company maintained GPU utilization rates above 90%, with 4,184 GPUs deployed and 3,323 GPUs under external subscription.

In colocation, Bitdeer is in advanced stages of negotiations with a prospective tenant for its Tydal, Norway site, which management expects to be a defining milestone in its colocation strategy and unlock a significant new long-term revenue stream.

The company reported a total global electrical capacity of approximately 3.0 GW, including 1,744 MW online and 1,259.5 MW in the pipeline, with multiple sites in various stages of development and conversion from crypto mining to AI cloud and colocation uses.