Bitdeer reports 200% YoY Bitcoin output rise and $2.9 bn AI Cloud revenue backlog
Bitdeer Technologies announced it mined 1,355 Bitcoin in September, a 200% increase year‑over‑year. The company also disclosed an AI Cloud revenue backlog of about $2.9 billion, up from $0.9 billion in August, backed by off‑take commitments covering more than 70% of its A201 data center and expected to generate over $1.7 billion in revenue over five years. It acquired 200 acres near its Rockdale facility for AI/HPC infrastructure and secured additional data‑center capacity agreements. The update sent the stock higher in after‑hours trading.
Why it matters
The company expects the $1.7 billion of contracted AI Cloud revenue to boost its top‑line growth over the next five years. The larger backlog signals stronger demand for its AI cloud services, which could improve future earnings visibility.
Key facts
- 1Bitdeer mined 1,355 Bitcoin in September, a 200% year‑over‑year increase. benzinga.com
- 2The AI Cloud revenue backlog reached approximately $2.9 billion. benzinga.com
- 3Off‑take commitments cover more than 70% of the A201 data center, generating over $1.7 billion in expected revenue over five years. benzinga.com
- 4Bitdeer acquired 200 acres near its existing Rockdale facility for AI and high‑performance computing infrastructure. benzinga.com
- 5The company secured 67 MW of capacity at its A901 data center for delivery in Q2 2027 and an additional 60 MW at its A103 data center for delivery in Q1 2028. benzinga.com
- 6Bitdeer shares were trading at $8.23 in after‑hours trading following the announcement. benzinga.com
Open questions
- After‑hours price change percentages differ across sources.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.