NASDAQ$BTDR
Bitdeer Technologies Group · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Bitdeer Technologies Group reported unaudited financial results for the second quarter ended June 30, 2026, with revenue growing 47% year-over-year to $228.8 million.
Bitdeer reported Q2 2026 revenue of $228.8 million, up 47% from $155.6 million in Q2 2025, driven by self-mining hash rate expansion and AI Cloud growth. The company posted a net loss of $92.3 million and adjusted EBITDA of $31.1 million. Operational metrics showed significant increases in total hash rate under management to 86.1 EH/s and BTC mined to 2,694.
- Total revenue reached $228.8 million, a 47% YoY increase, with self-mining contributing $168.4 million.
- Adjusted EBITDA improved to $31.1 million from $4.6 million YoY, reflecting operational leverage.
- Total hash rate under management grew to 86.1 EH/s from 30.6 EH/s, with self-mining hash rate at 73.0 EH/s.
- Ended the quarter with $496.3 million in cash, cash equivalents, and restricted cash, and $196.9 million in digital assets.
Headline financials
Revenue & EPS history
Bitdeer · Revenue · Quarterly
$229M
Revenue by segment
Bitdeer · $227M total across 7 segments · Q2 2026
- Self-mining$168M—74.2%
- Co-mining$25M—11.0%
- AI Cloud$14M—6.2%
- Membership Hosting$12.8M—5.6%
- Cloud Hash Rate$3.7M—1.6%
- General Hosting$2.8M—1.2%
- Sales of SEALMINERs and Accessories$400K—0.2%
Forward guidance
Management highlighted progress in converting power portfolio to long-term contracted revenue and scaling AI Cloud alongside mining operations, with new data center developments in Norway and Malaysia.
Tailwinds
- Conversion of power assets to colocation/AI contracts, including $4.7B 16-year lease in Tydal, Norway.
- AI Cloud revenue scaling rapidly (up 284% sequentially).
- Expansion of self-mining capacity with SEALMINER fleet.
Headwinds
- Gross loss due to higher electricity and depreciation costs.
- Increased operating expenses from headcount and R&D investments.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports
-2.1%
Avg return
Earnings day
-7.9%
Avg return
5 days after
-17.2%
Avg return
30 days after
25%
2 / 8 earnings
Positive
+11.6%
Q1 2026
Best reaction
-19.7%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +11.6% | -3.0% | +35.0% | |
| Q4 2025 | -13.5% | -20.9% | -37.4% | |
| Q3 2025 | -19.7% | -52.2% | -47.8% | |
| Q2 2025 | +7.2% | -0.3% | +26.5% | |
| Q4 2023 | -2.8% | +17.1% | -18.5% | |
| Q2 2024 | +0.0% | +12.5% | -11.5% | |
| Q1 2024 | +0.0% | +0.4% | -21.8% | |
| Q3 2023 | +0.0% | -17.0% | -62.4% |
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