Monthly Highlights
- Bitcoin: production increased 541% Year on Year to 705 Bitcoin
- Colocation: Continued management focus on colocation lease agreements
- AI Cloud: demonstrating strong Month on Month performance in ARR and utilization rates
SINGAPORE, March 16, 2026 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (NASDAQ:BTDR) (“Bitdeer” or the “Company“), a world-leading technology company for AI and Bitcoin mining infrastructure, today announced its unaudited mining and operations updates for February 2026.
Management Commentary
“Our significant capital investments in late 2025 continues to drive momentum in our self-mining hashrate reaching 68 EH/s in February, 2026, reflecting the continued deployment of SEALMINER rigs coming fully online,” said Matt Kong, Chief Business Officer of Bitdeer. “In parallel, we further strengthened our balance sheet through the successful completion of a $375 million senior convertible note offering, providing the financial flexibility to continue accelerating our AI and colocation strategy, which represents the most significant long-term value creation opportunity in our portfolio. We are advancing active negotiations with prospective colocation clients across our portfolio and remain confident in our ability to execute a significant lease agreement very soon. The combination of a strengthened capital structure and our differentiated 3.0 GW power portfolio positions Bitdeer to move decisively as demand for high-performance computing capacity continues to intensify.”
Operational Update
- Self-mining:
- Mined 705 Bitcoins, an increase of approximately 541% year over year.
- Self-mining hashrate reached 68 EH/s. Bitdeer remains one of the largest publicly listed Bitcoin miners by total hash rate under management.
- Bitdeer expects hashrate to continue to grow for the next several months.
SEALMINER Manufacturing:
| Mining Rig Model (EH/s) | Stage | February 2026 | January 2026 |
| SEALMINER A3 | In final assembly | 4.6 | 3.8 |
| Ready for shipping | 0.4 | – | |
| In transit | 0.7 | 0.4 | |
| Cumulative A3 Deployed | 11.4 | 8.7 | |
| SEALMINER A2 | In final assembly | 1.0 | 2.9 |
| Ready for shipping | 2.1 | 0.1 | |
| In transit | 1.4 | 2.6 | |
| Cumulative A2 external sales | 8.1 | 8.1 | |
| Cumulative A2 Deployed | 48.4 | 44.1 | |
| SEALMINER A1 | Cumulative A1 Deployed | 4.2 | 4.2 |
| 3rd Party Miners | Cumulative Deployed | 6.1 | 8.1 |
| Total Proprietary Hash Rate | Deployed | 70.1 | 65.1 |
- SEALMINER R&D:
- SEALMINER DL1 for DOGE and Litecoin mining is on track and will launch in Q1 2026.
- SEALMINER A4-1 for Bitcoin mining is on track to start mass production in March 2026.
- SEAL04-2 chip development continues.
- U.S. SEALMINER Manufacturing: Preparations for Bitdeer’s U.S. SEALMINER factory are progressing, with the lease signed and construction permit application submitted to local municipal authorities.
- HPC colocation arrangements:
- Bitdeer is in advanced stages of negotiations with potential colocation tenants for Tydal, Norway & Clarington, Ohio and various other sites.
GPU Cloud as of 2/28/2026:
| GPU Amount Deployed | GPU Types | Utilization Rate | Under External Subscription | ARR | |
| 2,096 | H100, H200, B200, GB200 | 64% | |||