Bitdeer's Bitcoin Output Climbs as AI Cloud Revenue Surges

Bitdeer Technologies Group mined 990 bitcoin in June, up 7.5% from May and 388% from the same month last year. The Singapore-based company continues to deploy its proprietary mining machines while expanding its AI cloud business.

The self-mining computing power reached 73 exahashes per second at the end of June, compared with 70.2 EH/s in May and 16.5 EH/s a year earlier. Bitdeer also operated 56,000 of its mining machines at third-party data centers under co-mining arrangements.

The company's AI Cloud annualized revenue run rate increased to about $76 million from $69 million in May. GPU utilization rose to 95% from 90%, while the number of GPUs under external subscription increased to 3,517 from 3,305.