Bitdeer Technologies Group
Category: AI Infrastructure
Bitdeer Technologies Group provides blockchain and high-performance computing solutions, specializing in cryptocurrency mining infrastructure and AI-powered data centers. Bitdeer Technologies Group was founded in 2021. The company is led by Jihan Wu. Based in Singapore, Singapore. Team size: 101-500. Total funding raised: $742M. Latest round: Convertible Senior Notes (November 2025). Key investors include Matrixport, Tether, Blue Safari Group Acquisition, Genimous Technology.
- Founded
- 2021
- Headquarters
- Singapore, Singapore
- Team size
- 101-500
- Total funding
- $742M
Value proposition
End-to-end mining solutions including proprietary hardware, cloud hash rate sharing, and energy-efficient datacenters.
Products and solutions
SEALMINER A1/A2/A3/A4 Bitcoin miners, Cloud Hash Rate Services, Modular Mining Datacenters, AI Cloud (NVIDIA H100/H200/B200/GB200/GB300 GPU cloud), AI/HPC Colocation
Unique value
Spin-off from Bitmain with legacy in Bitcoin mining, combined with AI infrastructure capabilities.
Target customer
Cryptocurrency miners, enterprises requiring computational power, and AI/ML-driven industries.
Industries served
Cryptocurrency Mining, Blockchain Infrastructure, Artificial Intelligence, High-Performance Computing
Technology advantage
Proprietary SEALMINER ASICs with energy-efficient designs; modular datacenters for scalable mining operations.
How they differentiate
Focus on vertical integration, technological innovation in mining infrastructure, and high-performance computing solutions for AI and Bitcoin mining.
Main competitors
Marathon Digital Holdings, Riot Blockchain, Hive Blockchain Technologies
Key partnerships
NVIDIA (AI Cloud Partner; GPUs), Volta (Tydal Norway $4.7B 16-yr AI/HPC lease), Dell Technologies (Tydal tech provider), Soluna Holdings (Texas co-mining), Tether, J.P. Morgan (Tydal credit backstop), Blue Safari Group Acquisition, Genimous Technology
Notable customers
Volta (Tydal Norway AI/HPC colocation tenant; end customer described as leading AI lab), Malaysia AI Cloud long-term offtake customers (A102 fully committed)
Major milestones
2021: Spun off from Bitmain by Jihan Wu; HQ Singapore, 2023: NASDAQ IPO (BTDR) via Blue Safari SPAC, FY2025 revenue $620.3M, Apr 2026: SEALMINER A4 launched (9.45 J/TH), Jun 2026: COO Chao Suo & CBO Linghui Kong resign executive roles, Jul 2026: Self-mining ~76.7 EH/s; mined 1,190 BTC, Jul 2026: Sparks NV $36M manufacturing facility announced, Aug 2026: $4.7B 16-yr Volta AI/HPC lease at Tydal, Norway (121 IT MW; up to $8B with extension), Aug 2026: Malaysia A102 9.5MW AI Cloud fully contracted (>$800M expected), Aug 2026: Soluna Texas 28 MW Sealminer co-mining deal, Q2 2026: Revenue $228.8M; AI Cloud ARR ~$76M
Growth metrics
Public (NASDAQ: BTDR). FY2025 revenue $620.3M; TTM ~$812M (Jun 2026). Q2 2026 revenue $228.8M (+47% YoY). July 2026: self-mining ~76.7 EH/s, total proprietary 81.7 EH/s, mined 1,190 BTC. AI Cloud ARR ~$76M (4,248 GPUs, 95% util). Aggregate electrical capacity 1,797 MW (Jun 30, 2026). Employees 471 (YE 2025).
Market positioning
36.5% market share in cloud hashrate, with a global presence and strategic expansion in Asia and North America.
Geographic focus
Singapore HQ; major operations in United States, Norway, Bhutan, Canada, Malaysia, and Ethiopia.
Patents and IP
No publicly disclosed patents, but holds proprietary technology in mining hardware and datacenter infrastructure.
About Jihan Wu
Co-founder and former CEO of Bitmain Technologies (2013-2021), founder of Matrixport (2019), early Bitcoin evangelist and translator of Satoshi Nakamoto's Bitcoin whitepaper into Chinese
More AI Infrastructure companies
Official website: https://www.bitdeer.com