Bitdeer reports Q1 2026 revenue surge to $188.9M but posts $159.5M net loss amid expansion in AI and mining operations

Bitdeer Technologies Group announced a significant revenue increase to $188.9 million in Q1 2026, up from $70.1 million a year earlier, driven by growth in Bitcoin mining and AI cloud services. Despite the revenue surge, the company posted a net loss of $159.5 million due to higher costs, including electricity, depreciation, and interest expenses. Bitdeer expanded its mining capacity with new SEALMINER rigs and advanced AI data center projects in Norway, aiming to strengthen its AI infrastructure platform. The company remains optimistic about 2026 as a pivotal year for its AI and mining business growth.