Bitdeer Technologies Group Q1 Earnings Call Highlights

2 days ago 9

MarketBeat

Thu, May 14, 2026 astatine 9:07 AM CDT 8 min read

Key Points

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Revenue surged successful Q1 2026 to $188.9 million, up astir 170% twelvemonth implicit year, driven chiefly by a crisp summation successful Bitcoin mining output. Adjusted EBITDA besides improved to $14.4 million, though gross fell sequentially from Q4 owed to little Bitcoin prices and much output being utilized for interior mining deployment.
Despite the beardown top-line growth, Bitdeer reported a gross nonaccomplishment of $39 million arsenic Bitcoin terms pressure, $70 cardinal of non-cash depreciation, and seasonal powerfulness costs weighed connected margins. The institution besides posted an operating nonaccomplishment of $159.5 cardinal and ended the 4th with $297.7 cardinal successful currency equivalents and restricted cash.
Management is pushing aggressively into AI unreality and information halfway colocation, with large projects successful Norway, Ohio, and Texas. AI unreality yearly recurring gross climbed to astir $69 cardinal successful April, portion self-mining hash complaint roseate to astir 65 EH/s and April Bitcoin accumulation accrued to 783 BTC.

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Bitdeer Technologies Group (NASDAQ:BTDR) reported sharply higher first-quarter gross arsenic its Bitcoin mining output expanded, portion absorption emphasized a broader propulsion into AI unreality services and large-scale information halfway colocation.

On the company’s first-quarter 2026 net call, Chief Strategy Officer Haris Basit said Bitdeer’s vertically integrated level precocious crossed 4 strategical businesses: Bitcoin mining, ASIC development, AI unreality and colocation information halfway infrastructure. He said the company’s Bitcoin mining accumulation grew astir 500% twelvemonth implicit year, portion its AI unreality concern posted accelerated maturation successful yearly recurring revenue.

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Bitdeer reported first-quarter gross of $188.9 million, up astir 170% from the prior-year period. Adjusted EBITDA was $14.4 million, an betterment of astir $60 cardinal twelvemonth implicit year. Pretesh Dahya, elder manager and caput of capitalist relations, said the gross summation was driven chiefly by “the important enlargement of our mining hash complaint and associated Bitcoin production.”

Sequentially, gross declined from $224.8 cardinal successful the 4th fourth of 2025, which Dahya attributed to little mean Bitcoin prices and a larger stock of manufacturing output going toward interior mining deployment alternatively than outer SEALMINER sales.