Brian Kinstlinger

Darren Aftahi

Gregory Lewis

Kevin Cassidy

Michael Colonnese

Mike Grondahl

Brian Britton

Fedor Shabalin

Lucky Wang

Bill Papanastasiou

Brett Knoblauch

John Todaro

Lucas Pipes

Nick Giles

- Bitdeer's **self-mining operations** produced **452 Bitcoins** in September 2025, representing a **20.5% increase** from August 2025, with the self-mining hashrate reaching **35.0 EH/s**.  **[1899123_0001213900-25-098957_ea026118901ex99-1_bitdeer.htm:0]** **[1899123_0001213900-25-098957_ea026118901ex99-1_bitdeer.htm:2]** 
- The company launched mass production of its **SEALMINER A3 series** and completed the first tape-out of its **SEAL04 chip**, which demonstrated sub-10 J/TH power efficiency in initial testing.  **[1899123_0001213900-25-098957_ea026118901ex99-1_bitdeer.htm:0]** 
- Bitdeer is significantly expanding its **HPC/AI strategy**, with the Clarington, Ohio site's **570 MW** electrical capacity confirmed to be available by the end of Q3 2026, nearly a year earlier than anticipated.  **[1899123_0001213900-25-098957_ea026118901ex99-1_bitdeer.htm:0]** **[1899123_0001213900-25-098957_ea026118901ex99-1_bitdeer.htm:1]** 
- The Bitdeer.AI cloud business achieved an **US$8 million AI cloud annualized revenue run-rate (ARR)** in September 2025 and plans to deploy **1,160 GPUs** by year-end.  **[1899123_0001213900-25-098957_ea026118901ex99-1_bitdeer.htm:1]**

Bitdeer Technologies Group Announces September 2025 Production and Operations Update

- Bitdeer Technologies Group reported its unaudited mining and operations updates for September 2025, with **452 Bitcoins mined** and an increase in self-mining hashrate to **35.0 EH/s**, remaining on track to reach **40 EH/s by the end of October**.  **[1899123_ad86a0d0442d4c919ff690505ad7c846_1]** **[1899123_ad86a0d0442d4c919ff690505ad7c846_2]** 
- The company launched and commenced mass production of its **SEALMINER A3 series** in September, with initial deliveries expected in October 2025, and completed the first tape out of its **SEAL04 chips** which demonstrated sub-10 J/TH efficiency in initial testing.  **[1899123_ad86a0d0442d4c919ff690505ad7c846_0]** **[1899123_ad86a0d0442d4c919ff690505ad7c846_2]** 
- Bitdeer is expanding its HPC/AI strategy, confirming that **570 MW of electrical capacity** will be available at its Clarington, Ohio site by the end of Q3 2026, and reported **US$8 million in AI cloud annualized revenue run-rate (ARR) for September**.  **[1899123_ad86a0d0442d4c919ff690505ad7c846_0]** **[1899123_ad86a0d0442d4c919ff690505ad7c846_3]** 
- Infrastructure developments include the official launch of a new **300 MW power pipeline in Niles, Ohio**, targeting energization in Q1 2029, and an increase in the total global power pipeline to **3 GW**.  **[1899123_ad86a0d0442d4c919ff690505ad7c846_0]** **[1899123_ad86a0d0442d4c919ff690505ad7c846_4]** **[1899123_ad86a0d0442d4c919ff690505ad7c846_7]**

- **Bitdeer Technologies Group** is strategically shifting from primarily selling Bitcoin mining rigs to **significantly expanding its self-mining operations**.  **[1899123_90627c957b46427c9c6f0510ec5d7ae6]** 
- The company has nearly **tripled its proprietary mining capacity to 22.5 exahashes per second** between late 2024 and mid-2025, mining **375 BTC in August 2025**.  **[1899123_90627c957b46427c9c6f0510ec5d7ae6]** 
- This pivot is a response to **weakening demand for mining hardware** and aims to offset subdued sales, with Bitdeer's goal to become one of the **top five global Bitcoin miners by computing power**.  **[1899123_90627c957b46427c9c6f0510ec5d7ae6]** 
- Despite Bitcoin's price surge past **$126,000**, mining profitability is under pressure due to the **2024 halving and rising network difficulty**.  **[1899123_90627c957b46427c9c6f0510ec5d7ae6]**

Bitdeer Shifts Strategy to Expand Self-Mining Operations

- Bitdeer Technologies Group reported a **net profit of $261.7 million** for the six months ended June 30, 2025, a significant improvement from a net loss of $17.1 million in the prior year period, largely driven by **non-cash gains of $415.9 million** from fair value changes of derivative liabilities.  **[1899123_0001213900-25-093073_ea025619001ex99-1_bitdeer.htm:1]** **[1899123_0001213900-25-093073_ea025619001ex99-2_bitdeer.htm:7]** **[1899123_0001213900-25-093073_ea025619001ex99-2_bitdeer.htm:8]** 
- Revenue for the six months ended June 30, 2025, increased to **$225.7 million**, with a notable shift in mix as **sales of mining rigs and accessories contributed $73.6 million**.  **[1899123_0001213900-25-093073_ea025619001ex99-2_bitdeer.htm:3]** 
- The company undertook significant financing activities, including the issuance of **US$375.0 million** in 4.875% convertible senior notes in June 2025 and securing **US$485.0 million** in new loan drawdowns from Matrixport by September 29, 2025.  **[1899123_0001213900-25-093073_ea025619001ex99-2_bitdeer.htm:0]** **[1899123_0001213900-25-093073_ea025619001ex99-2_bitdeer.htm:2]** **[1899123_0001213900-25-093073_ea025619001ex99-1_bitdeer.htm:33]** 
- Strategic investments include the acquisition of a **50 MW mining datacenter in Ethiopia for US$7.5 million** and a **101 MW site and gas-fired power project in Alberta for US$21.7 million**.  **[1899123_0001213900-25-093073_ea025619001ex99-2_bitdeer.htm:2]**

Bitdeer Technologies Group Reports H1 2025 Financial Results and Strategic Developments

- Bitdeer Technologies Group's **self-mining hashrate increased by 35% to 30.0 EH/s** in August 2025, resulting in **375 Bitcoins self-mined**, a **~33% increase** from July 2025.  **[1899123_0001213900-25-087061_ea025618901ex99-1_bitdeer.htm:0]** 
- The company's **Bitdeer.AI** neo cloud business achieved **US$8 million in AI cloud annual run-rate revenue (ARR)** in August 2025.  **[1899123_0001213900-25-087061_ea025618901ex99-1_bitdeer.htm:0]** 
- Bitdeer is on track to reach its target of **40 EH/s of self-mining by the end of October 2025**, with **18.0 EH/s of SEALMINER A2 mining rigs deployed** for self-mining in August 2025.  **[1899123_0001213900-25-087061_ea025618901ex99-1_bitdeer.htm:0]** 
- Infrastructure updates include **161 MW online** in Tydal, Norway, and **367.5 MW online** in Jigmeling, Bhutan, with remaining capacities expected to be energized by the end of Q3 2025.  **[1899123_0001213900-25-087061_ea025618901ex99-1_bitdeer.htm:0]** **[1899123_0001213900-25-087061_ea025618901ex99-1_bitdeer.htm:1]**

Bitdeer Technologies (BTDR)