Key Points – Revenue surged in Q1 2026 to $188.9 million, up about 170% year over year, driven mainly by a sharp increase in Bitcoin mining output.
Adjusted EBITDA also improved to $14.4 million, though revenue fell sequentially from Q4 due to lower Bitcoin prices and more output being used for internal mining deployment. – Despite the strong top-line growth, Bitdeer reported a gross loss of $39 million as Bitcoin price pressure, $70 million of non-cash depreciation, and seasonal power costs weighed on margins
The company also posted an operating loss of $159.5 million and ended the quarter with $297.7 million in cash equivalents and restricted cash. – Management is pushing aggressively into AI cloud and data center colocation, with major projects in Norway, Ohio, and Texas. AI cloud annual recurring revenue climbed to about $69 million in April, while self-mining hash rate rose to about 65 EH/s and April Bitcoin production increased to 783 BTC. – 4 Blockchain Stocks That Aren’t Coinbase Bitdeer Technologies Group (NASDAQ:BTDR) reported sharply higher first-quarter revenue as its Bitcoin mining output expanded, while management emphasized a broader push into AI cloud services and large-scale data center colocation. On the company’s first-quarter 2026 earnings call, Chief Strategy Officer Haris Basit said Bitdeer’s vertically integrated platform advanced across four strategic businesses: Bitcoin mining, ASIC development, AI cloud and colocation data center infrastructure.
He said the company’s Bitcoin mining production grew nearly 500% year over year, while its AI cloud business posted rapid growth in annual recurring revenue. – Beyond the Halving: The Future of Bitcoin Mining Stocks Bitdeer reported first-quarter revenue of $188.9 million, up approximately 170% from the prior-year period. Adjusted EBITDA was $14.4 million, an improvement of about $60 million year over year. Pretesh Dahya, senior director and head of investor relations, said the revenue increase…