Bitdeer increased Bitcoin mining output by nearly fivefold in Q2
Bitdeer mined 2,694 BTC in Q2, but ended the quarter holding just 150 BTC after liquidating its treasury earlier this year.
Bitdeer, a Bitcoin mining company, nearly quintupled its mining output in Q2 2026, outputting 2,694 BTC compared to 565 BTC the previous year. This increase follows a significant reduction in holdings, with the company liquidating its treasury and closing the quarter with only 150 BTC, a 90% decrease from 1,502 BTC a year earlier.
The substantial decrease in BTC holdings was a result of liquidity decisions, rather than a shift away from Bitcoin mining. Bitdeer, which has also ventured into AI data centers and high-performance computing, reported $228.8 million in Q2 revenue, a 47% increase from the previous year. The company's self-mining revenue rose to $168.4 million, with a notable 389% increase in average self-mining hashrate to 69.5 exahashes per second.
Despite the impressive mining output, Bitdeer's net loss widened to $92.3 million from $62.9 million. The company's shares experienced a 1.5% increase in premarket trading after a 15% decline over the past month, slightly surpassing Wall Street's $225 million revenue consensus estimate.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
