BTDR on Nasdaq

Bitdeer

Logo: https://www.facebook.com/Bitdeerplatform, Non-free logo, via Wikipedia5

Singapore-based cryptocurrency mining and AI cloud infrastructure company

Bitdeer Technologies Group, or simply Bitdeer, is a cryptocurrency mining and artificial intelligence (AI) cloud infrastructure company headquartered in Singapore and listed on the Nasdaq under the ticker BTDR. The company was spun off from bitcoin-mining chip producer Bitmain in January 2021 by founder Jihan Wu. Bitdeer is among the largest cryptocurrency miners by computing power and operates data centers in the United States, Norway, and Bhutan, with U.S. headquarters in San Jose, California.3 It employed 211 people in 2023.1 Its revenue was $620 million in 2025.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

Jan 2021Founded1

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  • TickerBTDR on Nasdaq1
  • Industrycloud computing, cryptocurrency mining, data center1
  • HeadquartersSingapore1
  • Websitewww.bitdeer.com
  • Incorporated inCayman Islands6
  • Business address08 Kallang Avenue, Aperia Tower 1, #09-0, Singapore6
  • Filer categoryLarge accelerated filer6
  • Legal formlimited liability company4
  • LEI2549007M2KGWVJ9XFP204
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O Ogier Global (Cayman) Limited, KY1-9009 Camana Bay, Cayman Islands4
  • Registered withGeneral Registry, IC-3852394

Bitdeer Technologies Group, or simply Bitdeer, is a cryptocurrency mining and artificial intelligence (AI) cloud infrastructure company headquartered in Singapore and listed on the Nasdaq under the ticker BTDR. The company was spun off from bitcoin-mining chip producer Bitmain in January 2021 by founder Jihan Wu. Bitdeer is among the largest cryptocurrency miners by computing power and operates data centers in the United States, Norway, and Bhutan, with U.S. headquarters in San Jose, California. Since 2023, the company has expanded into AI cloud services through a partnership with Nvidia and through the conversion of cryptocurrency mining facilities for AI workloads.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

19.0%Gross margin8
-168.6%Operating margin8
-171.3%Net margin8
-5.1%Revenue growth, 20248
-216.6%Return on equity8
0.00×Debt to equity8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Self Mining brought in 77% of the revenue Bitdeer broke down this way in fiscal 2025.

  1. Self Mining$396.0M977%up 143% from 2024
  2. Membership Hosting$61.2M912%down 4% from 2024
  3. General Hosting$35.0M97%down 48% from 2024
  4. Other Revenues$10.7M92%up 5% from 2024
  5. AICloud Services$6.8M91%up 96% from 2024
  6. Electricity Subscription$1.3M90%down 90% from 2024
  7. Hash Rate Subscription$845.0K90%down 97% from 2024
  8. Cloud Hosting Arrangements$70.0K90%down 93% from 2024
Products and services by year
Products and services202320242025
Self Mining$111.7M$163.1M$396.0M
Membership Hosting$79.9M$64.0M$61.2M
General Hosting$97.3M$67.6M$35.0M
Other Revenues$8.5M$10.2M$10.7M
AICloud Services$1.0K$3.5M$6.8M
Electricity Subscription$27.4M$12.1M$1.3M
Hash Rate Subscription$40.3M$27.5M$845.0K
Cloud Hosting Arrangements$3.2M$1.1M$70.0K

Regions

United States brought in 40% of the revenue Bitdeer broke down this way in fiscal 2025.

  1. United States$247.8M940%up 24% from 2024
  2. BT$202.5M933%up 168% from 2024
  3. NO$99.2M916%up 59% from 2024
  4. FI$26.8M94%
  5. Other Countries$17.7M93%
  6. SGMember$16.6M93%up 33% from 2024
  7. ET$9.8M92%
Regions by year
Regions202320242025
United States$281.8M$199.7M$247.8M
BT$33.4M$75.4M$202.5M
NO$45.3M$62.3M$99.2M
FI$26.8M
Other Countries$17.7M
SGMember$8.0M$12.4M$16.6M
ET$9.8M

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue78¢$283.4M
  • Research and development21¢$76.9M
  • Income tax1¢$2.4M

Out of $349.8M in revenue.8 The company lost money this year.

Financial statements

Revenue8$349.8M in 2024+5% since 2022
0$100.0M$200.0M$300.0M$400.0M2022: $333.3M$333.3M20222023: $368.6M$368.6M2023+11%2024: $349.8M$349.8M2024−5%
Gross profit10118$66.4M in 2024
-$100.0M0$100.0M$200.0M$300.0M2020: -$23.2M-$23.2M20202021: $241.4M$241.4M20212022: $83.3M$83.3M2022−66%2023: $77.8M$77.8M2023−7%2024: $66.4M$66.4M2024−15%
Operating income10118-$589.7M in 2024+830% since 2020
-$600.0M-$400.0M-$200.0M0$200.0M2020: -$63.4M-$63.4M20202021: $130.8M$130.8M20212022: -$60.6M-$60.6M20222023: -$52.2M-$52.2M2023−14%2024: -$589.7M-$589.7M2024+1029%
Net income10118-$599.2M in 2024+973% since 2020
-$600.0M-$400.0M-$200.0M0$200.0M2020: -$55.8M-$55.8M20202021: $82.6M$82.6M20212022: -$60.4M-$60.4M20222023: -$56.7M-$56.7M2023−6%2024: -$599.2M-$599.2M2024+958%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Revenue from external parties$619.0M$331.0M$367.8M
Revenue from related party customers$1.3M$18.8M$754.0K
Total revenue$620.3M$349.8M$368.6M
Cost of revenue-$559.3M-$283.4M-$290.7M
Gross profit$61.0M$66.4M$77.8M
Selling expenses-$6.7M-$8.0M-$8.2M
General and administrative expenses-$84.4M-$64.3M-$66.5M
Research and development expenses-$153.9M-$76.9M-$29.5M
Listing fee-$33.2M
Other operating income / (expenses)-$21.4M$727.0K$3.8M
Other net gains / (losses)$365.0M-$507.5M$3.5M
Profit / (Loss) from operations$159.7M-$589.7M-$52.2M
Finance income / (expenses)-$88.9M-$11.9M$1.3M
Profit / (Loss) before taxation$70.8M-$601.6M-$51.0M
Income tax benefits / (expenses)-$5.2M$2.4M-$5.7M
Profit / (Loss) for the year$65.6M-$599.2M-$56.7M
- Exchange differences on translation of financial statements$431.0K-$218.0K-$26.0K
Other comprehensive income / (loss) for the year, net of tax$431.0K-$218.0K-$26.0K
Total comprehensive income / (loss) for the year$66.0M-$599.4M-$56.7M
Basic (in Dollars per share)$0.32-$4.36-$0.51
Diluted (in Dollars per share)-$1.43-$4.36-$0.51
Basic (in Shares)204.7K shares137.4K shares110.5K shares
Diluted (in Shares)234.3K shares137.4K shares110.5K shares

Compare Bitdeer with another company

Corporate structure

Bitdeer sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Bitdeer

  • Bitdeer Singapore, Singapore

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Bitdeer reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$251.4M8 Dec 31, 2024$154.9M8 Dec 31, 2023+62.3%
Operating-lease assets (leased space)$69.3M8 Dec 31, 2024$58.6M8 Dec 31, 2023+18.2%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$30.7M8 Dec 31, 2024$34.3M8 Dec 31, 2023−10.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$476.3M8 Dec 31, 2024$144.7M8 Dec 31, 2023+229.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$35.8M8 Dec 31, 2024$08 Dec 31, 2023
Intangible assets, net (excluding goodwill)$83.2M8 Dec 31, 2024$4.8M8 Dec 31, 2023+1642.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$64.9M8 Dec 31, 2024$346.0K8 Dec 31, 2023+18653.8%

The story

Founded by Jihan Wu on Jan 2021.1

In January 2021, Bitdeer was spun off from the bitcoin-mining chip producer Bitmain, which was co-founded by entrepreneur Jihan Wu in 2013. After the spin-off, Bitdeer established its headquarters in Singapore, where Wu resides. Wu has served as Bitdeer's executive chairman since the spin-off and is also its chief executive officer.

In November 2021, Bitdeer announced plans to merge with Blue Safari Group Acquisition Corp. and file an initial public offering. After a delayed merger with the special-purpose acquisition company, Bitdeer was listed on the Nasdaq in April 2023 at a valuation of $1.18 billion. In June 2023, Bitdeer announced plans to repurchase as much as $1 million worth of its stock. The company had 211 employees and earned S$485,975,304 in 2023.

In 2022, Bitdeer acquired the high-security storage facility Le Freeport in Singapore for S$40 million (US$28.4 million).

In May 2024, Tether acquired a $100 million stake in Bitdeer through a private placement.

In April 2026, Bitdeer introduced the SEALMINER A4 series of bitcoin mining application-specific integrated circuit chips, designed to improve energy efficiency for large-scale mining operations.

From Wikipedia’s article on Bitdeer, shared under CC BY-SA 4.0.7

Leadership

Who has led Bitdeer, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jihan Wu2024–now

Chief operating officer

  1. Suo Chao2026–now
2025
Board members and other officers (8)

Products and brands

Data centers and mining operations

In 2022, Bitdeer sought to raise $200 million from outside investors to purchase discounted hardware. By 2023, the company operated five data centers across the United States and Norway.

United States

In the United States, Bitdeer operates mining facilities in Tennessee, Texas, Washington, and Ohio.

Bitdeer has been operating a mining facility in East Knoxville, Tennessee since 2018; the facility drew 63 megawatts of power as of 2022. In 2024, the company had approximately 30 employees in Knoxville and was the Knoxville Utilities Board's largest industrial customer, accounting for 9.4 percent of the utility's total electric sales in 2023.

Bitdeer is among the largest cryptocurrency mining operations in Texas. Its mining facility in Rockdale is housed in a former aluminum-smelting plant about an hour from Austin. The facility has participated in the Electric Reliability Council of Texas (ERCOT) to reduce electricity usage during periods of grid stress.

Read the full text

In 2023, Bitdeer purchased 31 acres in Massillon, Ohio to construct a mining facility. In November 2025, a fire broke out at the construction site, damaging two buildings in the complex. The chief of Massillon Fire Department, Matt Heck, determined no signs of arson were determined, though no cause was identified. In April 2026, Bitdeer presented plans for an additional data center facility in Niles, Ohio - a project the company described as a $300 million investment expected to create approximately 50 jobs.

In July 2026, Bitdeer started construction of a manufacturing facility in Sparks, Nevada. The facility will produce circuit boards, server chips, and capacitor resistors for bitcoin mining. The factory is planned to start working in January 2027.

Norway

Bitdeer operates mining capacity in Norway. In March 2026, the company began converting its 180-megawatt site in Tydal, previously used for cryptocurrency mining, into high-performance computing capacity for AI workloads.

In August 2026, the company leased part of the site's capacity to Volta Infra Holdings under a 16-year agreement valued at US$4.7 billion, backed by $1.3 billion in credit from J.P. Morgan.

Bhutan

Bitdeer partnered with the government of Bhutan in 2023 to increase mining capacity and create a fund of up to $500 million for green mining operations in the Himalaya kingdom.

AI cloud platform

In November 2023, Bitdeer announced a partnership with Nvidia to develop AI cloud computing services and began construction on its first AI cloud data center in Singapore, branded Bitdeer AI Cloud. The business line uses Bitdeer's existing data center infrastructure, originally built for cryptocurrency mining, to provide GPU computing capacity to enterprise customers. In March 2026, Bitdeer began converting its 180-megawatt Tydal site in Norway from cryptocurrency mining to AI and high-performance computing workloads.

From Wikipedia’s article on Bitdeer, shared under CC BY-SA 4.0.7

Employees over time

  • 20232111

Timeline

  1. Mar 1, 2024New chief executive Jihan Wu becomes CEO1
  2. Apr 14, 2023Went public Listed on NASDAQ1
  3. Jan 2021Founded Founded1

Calendar

Coming up

  1. Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($1.28) a share, on Nov 10, 2025.23

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

283 filings to the SEC since October 2021: 5 annual reports, 23 insider forms, 32 large holders, 223 other. The latest 20:

  1. Oct 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Oct 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Sep 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. Sep 16, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Sep 2, 20264 EDGAR
  6. Sep 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  7. Aug 26, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  8. Aug 17, 20264 EDGAR
  9. Aug 14, 2026SCHEDULE 13G EDGAR
  10. Aug 13, 20264 EDGAR
  11. Aug 12, 2026SCHEDULE 13G/A EDGAR
  12. Aug 10, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  13. Aug 10, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
  14. Aug 10, 2026F-3ASR REGISTRATION STATEMENT EDGAR
  15. Aug 10, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  16. Aug 5, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. Aug 3, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  18. Jul 27, 2026SCHEDULE 13G EDGAR
  19. Jul 27, 2026SCHEDULE 13G EDGAR
  20. Jul 21, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 283 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 14, 2026Basit Haris FozanChief Strategy OfficerBuy25,000$8.84$221.0KForm 4
Aug 12, 2026Potter Michael GChief Financial OfficerBuy25,000$9.04$226.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Bitdeer is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBitdeer Technologies Group2
  • CIK0001899123
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company34
  • Incorporated inCayman Islands34
  • Fiscal year endsDecember 312
  • Industry code (SIC)6199 Finance Services2
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance2
  • Business address08 Kallang Avenue, Aperia Tower 1, #09-0, Singapore, Singapore2
  • Phone65-628282202
  • Shares outstanding235,552,084 shares as of Dec 31, 202534
  • AuditorMaloneBailey, LLP, Houston, Texas PCAOB ID 206; it also attests to the company’s internal control over financial reporting34
  • On EDGAR sinceDec 15, 20212
  • Filings283 in all: 6-K (108), UPLOAD (20), DRSLTR (16), 424B5 (14), 3 (12), DRS/A (12), CORRESP (11), SCHEDULE 13D/A (11)2
    All 34 form types

    EFFECT (9), 4 (8), 20-F (5), 424B3 (5), F-3 (5), SCHEDULE 13G (5), 425 (4), SC 13D/A (4), SCHEDULE 13G/A (4), 3/A (3), POS AM (3), SC 13D (3), SC 13G/A (3), F-3/A (2), F-4/A (2), S-8 (2), SC 13G (2), SEC STAFF LETTER (2), 305B2 (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-1/A (1), F-3ASR (1), F-4 (1)

  • Latest filingsAnnual report (20-F) Apr 30, 2026

Securities registered for trading

ClassSymbolExchange
Class A ordinary shares, par value US$0.0000001BTDRNasdaq

From the cover page of the 20-F filed Apr 30, 2026 (Section 12(b) of the Exchange Act).34

Sources

The numbers on this page point here. Each one links to the record it came from.

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    Wikidata and SEC EDGARJihan Wu, Chief executive officer
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