Bitdeer boosts Bitcoin hashrate to 68 EH/s

Singapore-based Bitdeer Technologies Group reported strong growth in its Bitcoin mining operations while strengthening its balance sheet through a $375 million convertible note offering.

The company mined 705 Bitcoin in February 2026, representing a 541% increase year-over-year. At the same time, Bitdeer expanded its proprietary mining infrastructure and accelerated investments in artificial intelligence computing.

Bitdeer increased Bitcoin production and network hashrate

Bitdeer significantly increased the computing power dedicated to its crypto mining operations.

The company reported that its self-mining hashrate reached 68 exahashes per second (EH/s) in February.

This level places Bitdeer among the largest publicly traded Bitcoin mining companies by computing capacity.

Total hashrate under management reached 79.1 EH/s, compared with 20.9 EH/s one year earlier.

The expansion was driven largely by the deployment of the company’s proprietary SEALMINER hardware.

Key operational metrics include:

• 705 BTC mined in February;
• 68 EH/s proprietary hashrate;
• 79.1 EH/s total managed hashrate.

Deployed hardware capacity includes:

• SEALMINER A3 — 11.4 EH/s;
• SEALMINER A2 — 48.4 EH/s.

The role of SEALMINER hardware in Bitdeer’s hashrate growth

Bitdeer’s growth reflects continued investment in the crypto mining industry and infrastructure expansion.

The company also completed a $375 million convertible senior note offering, which will support additional capital investments.

According to management, the funding will help accelerate expansion across several areas:

• Bitcoin mining infrastructure;
• colocation services for mining clients;
• artificial intelligence computing platforms.

Bitdeer confirmed that it is negotiating with potential colocation customers at sites including Tydal in Norway and Clarington in Ohio.

How Bitdeer’s expansion affects the Bitcoin mining market

The rapid increase in Bitdeer’s computing capacity could influence the broader Bitcoin mining market.

The company currently operates or develops more than 3 gigawatts of electrical capacity across mining and data center facilities worldwide.

Additional projects are under development across:

• North America,
• Africa,
• Asia.

As large mining firms scale infrastructure, global Bitcoin network hashrate may continue to rise.

At the same time, competition among major mining operators is intensifying.

The new role of mining data centers in the digital economy

Bitdeer is increasingly positioning itself beyond traditional crypto mining.

The company is expanding its AI cloud computing platform.

As of Feb. 28, Bitdeer had deployed 2,096 GPUs, including:

• Nvidia H100,
• H200,
• B200,
• GB200.

GPU utilization reached 64%, while annual recurring revenue from subscriptions reached about $21 million.

Bitdeer also plans to convert several mining sites into AI data centers.

Facilities in Wenatchee (Washington) and Knoxville (Tennessee) are scheduled for conversion in 2026.

The company is also developing an AI data center in Tydal, Norway, targeted for completion by the end of the year.

This strategy highlights a broader industry trend where Bitcoin mining infrastructure is increasingly used for AI computing.

Read also: Bitcoin miners urged to use BTC for yield