Bitdeer's Bitcoin Output Surges as AI Cloud Revenue Hits $76 Million

Bitdeer's June bitcoin output rose to 990, marking a 7.5% increase from May and a significant jump of 388% compared to the same period last year.

The Singapore-based company has been expanding its mining operations through the deployment of proprietary SEALMINER machines and co-mining arrangements with third-party data centers.

As of June, Bitdeer operated 243,000 machines for self-mining, up from 231,000 in May. The computing power associated with these operations reached 73 exahashes per second at the end of the month, compared to 70.2 EH/s in May and 16.5 EH/s a year earlier.

Additionally, Bitdeer's AI Cloud annualized revenue run rate increased to $76 million from $69 million in May, with GPU utilization rising to 95% from 90%. The company also announced the completion of customer deliveries under a five-year GPU cloud contract and signed a 10-year lease for a data center in Malaysia.