Bitdeer’s Q2 revenue hits $228.8 million, rising 47% year-over-year, while revenue from its AI cloud business surges nearly tenfold.
2026.08.11 12:39:16
Nasdaq-listed Bitcoin mining firm Bitdeer released its Q2 2026 financial results, reporting revenue of $228.8 million for the period, a 47% year-over-year (YoY) increase and 21.1% quarter-over-quarter (QoQ) rise. The financial report showed the company’s Q2 cost of revenue stood at $237.3 million, up 65.3% YoY but only 4.1% QoQ, with cost growth slowing significantly. Gross loss narrowed to $8.5 million, while net loss reached $92.3 million, a sharp drop from Q1’s $159.5 million. By business segment, Bitdeer’s self-operated mining business generated $168.4 million in revenue, up 389.4% YoY; its AI cloud business hit $14 million in revenue, nearly a tenfold YoY increase. Additionally, Bitdeer recently signed a 16-year, $4.7 billion AI leasing agreement for Norway’s Tydal data center with Volta, continuing its transition from Bitcoin mining to AI data center infrastructure.
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