Nasdaq-listed Bitcoin miner Bitdeer reported revenue of $228.8 million for the second quarter of 2026, up 47% from a year earlier and 21.1% from the previous quarter. The company said cost of revenue reached $237.3 million, rising 65.3% year over year while increasing only 4.1% on a quarterly basis, a sign that cost growth slowed during the period. Gross loss narrowed to $8.5 million, and net loss came in at $92.3 million, down sharply from $159.5 million in the first quarter. By segment, self-mining revenue climbed to $168.4 million, up 389.4% from a year earlier, while AI cloud revenue hit $14 million, marking nearly 10x annual growth. Bitdeer also recently signed a 16-year, $4.7 billion AI leasing agreement with Volta for the Tydal data center in Norway, as it keeps shifting its business from Bitcoin mining toward AI data center infrastructure, according to Bitcoin.com News.
Nasdaq-listed Bitcoin miner Bitdeer reported second-quarter 2026 revenue of $228.8 million, up 47% year over year and 21.1% from the previous quarter.
The company said cost of revenue totaled $237.3 million in the quarter, an increase of 65.3% from a year earlier. On a sequential basis, that figure rose 4.1%, with cost growth slowing compared with revenue growth. Gross loss narrowed to $8.5 million, while net loss came to $92.3 million, down from $159.5 million in the first quarter.
Revenue mix shifted across segments
Bitdeer said self-mining revenue reached $168.4 million, up 389.4% from the same period a year ago. AI cloud revenue was $14 million, up nearly 10-fold year over year.
Norway deal adds to AI infrastructure push
The company also recently signed a 16-year, $4.7 billion AI leasing agreement with Volta for the Tydal data center in Norway. The deal adds to Bitdeer’s ongoing shift from Bitcoin mining toward AI data center infrastructure.
The figures were cited by Odaily, which referenced Bitcoin.com News.
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