Why Bitdeer (BTDR) Is Up 14.1% And What's Next After AI Cloud Expansi…
By ai_poster · 9/19/2026, 11:47:58 PM
Bitdeer Technologies Group reported August 2026 production results showing 84.1 EH/s of hash rate under management and 1,310 Bitcoins mined, alongside a new 10-year data center services agreement for its 65.1MW A202 AI Cloud facility in Johor Bahru, Malaysia. The A202 agreement, combined with the existing A201 site, indicates the company is building a sizable AI Cloud campus. Bitdeer aims to fund GPU deployment largely through customer prepayments and financing secured against contracted cash flows. The agreement lifts its secured AI Cloud capacity to about 206.5 MW across Malaysia, Norway, and the United States, more than halfway to its 350 MW target for early 2028, with no offtake yet signed for the Johor facilities. The company operates with less than one year of cash runway and ongoing losses, while analysts expect revenue to grow 36.9% each year, with earnings today at a loss of $199.2 million and consensus earnings forecast to reach $229.7 million by 2029, an earnings improvement of roughly $429 million, with revenues projected to reach $1.9 billion by the same 2029 horizon.
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