Bitdeer posts $251.8 million net loss in first half as AI cloud capacity sells out

Bitdeer posts $251.8 million net loss in first half as AI cloud capacity sells out

N
News Editor
2026-09-29 20:46:15
Bitdeer Technologies Group (BTDR) said in a 6-K filing that total net revenue for the first half of 2026 reached $417.7 million, while the company recorded a net loss of $251.8 million. In the same period a year earlier, Bitdeer reported net profit of $42.38 million. The filing also showed a gross loss of $47.57 million and an operating loss of $208.3 million for the reporting period. Separately, the company disclosed several recent developments. In August, Bitdeer completed the purchase of about 200 acres of land in Milam County, Texas, for about $100 million in cash. It also said roughly 9.5MW of AI cloud capacity at Bitdeer AI’s A102 data center in Malaysia has sold out, with a five-year long-term offtake commitment signed. In addition, subsidiary TDC entered into a data center lease and services agreement with Volta Tydal AS, with an initial term of 16 years and a total contract value of about $4.7 billion.

Bitdeer Technologies Group (BTDR) said in a 6-K filing that total net revenue for the first half of 2026 was $417.7 million, while net loss came to $251.8 million. In the same period last year, the company posted net profit of $42.38 million.

For the reporting period, Bitdeer recorded a gross loss of $47.57 million and an operating loss of $208.3 million.

Recent developments

In August, Bitdeer completed the purchase of about 200 acres of land in Milam County, Texas, for about $100 million in cash.

The company also said roughly 9.5MW of AI cloud capacity at Bitdeer AI’s A102 data center in Malaysia has sold out, and a five-year long-term offtake commitment has been signed.

In addition, subsidiary TDC signed a data center lease and services agreement with Volta Tydal AS. The contract has an initial term of 16 years and a total value of about $4.7 billion.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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