Bitdeer Technologies surged ahead in June with a new high of 990 Bitcoin mined, driving its share price up over 10% on Tuesday's first trade. The 7.5% month-over-month increase from May's 921 BTC highlights Bitdeer’s rapid expansion in Bitcoin mining capacity.
The figure marks a dramatic increase from the 203 BTC mined in June 2025, illustrating the company’s growth over the past year. Bitdeer boosted its hash rate from 70.2 EH/s in May to 73.0 EH/s in June, deploying more computing power to secure the Bitcoin network.
Mining Power Gap Widens Amid Shifts in the Industry
This jump also means Bitdeer’s mining power now exceeds that of Cipher Digital by more than six times: Cipher's hash rate fell from 23.6 EH/s at the end of 2025 to 11.6 EH/s in Q1 2026 as it pivots toward high-performance computing focused on AI. Despite cutting back on Bitcoin mining, Cipher's stock climbed over 15%, reflecting market optimism about its strategic shift.
Bitdeer's growth isn’t limited to Bitcoin mining. The company's AI Cloud division reported an increase in annual recurring revenue from $69 million to $76 million, coupled with a rise in GPU utilization from 90% to 95%. They recently made their first delivery of NVIDIA GB300 NVL72 systems designed to support five years of GPU cloud services.
Further expansion plans include a newly leased data center in Johor Bahru, Malaysia, which will offer 21.7 megawatts of IT power and house 128 NVIDIA GB300 NVL72 machines, expected to go live in early 2027. Bitdeer also secured a colocation lease in Tydal, Norway, while its $36 million Sealminer manufacturing facility in Sparks, Nevada is progressing as scheduled.
