What's Happening?
Bitdeer Technologies Group has announced its September 2025 production and operations update, highlighting significant advancements in its Bitcoin mining and AI data center strategies. The company plans to convert its 175 MW Tydal Phase 2 site into an AI data center by Q4 2026, aiming for an annualized revenue run-rate exceeding $2 billion by the end of 2026. Bitdeer has increased its self-mining hashrate to 35.0 EH/s and launched mass production of its SEALMINER A3 series. The company is also expanding its AI data center operations in Clarington, Ohio, with 570 MW of electrical capacity expected by Q3 2026.
Why It's Important?
Bitdeer's expansion into AI data centers represents a strategic shift to diversify its operations beyond Bitcoin mining. This move is driven by the growing demand for AI computing power, which is expected to continue through 2027. By converting existing sites into AI data centers, Bitdeer can leverage its infrastructure to tap into the lucrative AI market, potentially generating substantial revenue. This expansion also positions Bitdeer as a key player in the AI data center industry, enhancing its competitive edge and offering new opportunities for growth.
What's Next?
Bitdeer plans to continue expanding its AI data center operations, with a focus on Clarington, Ohio, and other sites. The company is actively recruiting experts in AI data center disciplines and securing procurement agreements for next-generation GPU systems. Bitdeer anticipates full deployment of 1,160 GPUs by year-end, further enhancing its AI capabilities. The company is also exploring additional sites for HPC/AI data centers, driven by increased interest in its power assets.
