Bitdeer Lifts November Bitcoin Output as Mining Sites Begin AI Data Center Conversions
Bitdeer (NASDAQ: BTDR) has continued to scale up its proprietary bitcoin hashrate despite the network’s mining difficulty remaining at record high levels.
The company reported on Monday that it produced 526 bitcoins from self-mining in November, up 3% from October and more than tripling from the same month a year earlier.
Installed proprietary hashrate rose to 45.7 EH/s, reflecting ongoing deployments of Bitdeer’s in-house SEALMINER machines and the retirement of older, third-party rigs. The ramp-up in production implies a realized hashrate of 42.46 EH/s in November.
Bitdeer said it expects to approach 50 EH/s of self-mining capacity by year-end 2025, driven largely by the ramp-up of its SEALMINER A2 and A3 models.
Alongside its core bitcoin mining business, Bitdeer noted continued progress in its HPC and AI cloud expansion, a strategy that has become increasingly common among large miners seeking to diversify revenue.
As of November, the company had deployed 720 GPUs for cloud services, with utilization at about 94%. Several mining sites are now being redesigned or converted for AI workloads.
Bitdeer said design work is underway for a 13-megawatt AI data center in Wenatchee, Washington, and conversion has begun on 35 megawatts of capacity in Knoxville, Tennessee. Both projects are targeting completion in the early fourth quarter of 2026. Planning and procurement are also advancing at the company’s Tydal site in Norway, where long-lead equipment such as substations has already been ordered to support an AI data center expected to come online around the end of 2026.
In Asia, Bitdeer secured a 2-megawatt AI data center lease in Malaysia to host Nvidia GB200 systems, and placed new orders for B300 and GB300 GPU systems scheduled for deployment by February 2026. The company said it is also evaluating U.S. data center leasing opportunities to serve AI cloud customers as early as the first quarter of 2026.
