Bitdeer Technologies recorded its strongest month of Bitcoin production to date in June, mining 990 BTC and sending its share price more than 10% higher during Tuesday trading. The output underscores the company's growing position in both Bitcoin mining and AI infrastructure, a dual strategy that an increasing number of publicly listed miners are pursuing as they seek to diversify revenue beyond block rewards.

June's total of 990 BTC represents a 7.5% month-over-month increase from the 921 BTC mined in May. The figure also marks a dramatic year-over-year escalation: Bitdeer mined just 203 BTC in June 2025, making the latest result nearly five times higher.

Hash Rate Expansion Widens Lead Over Cipher Digital

Bitdeer's self-mining hash rate rose from 70.2 EH/s in May to 73.0 EH/s in June, reflecting additional computing power dedicated to securing the Bitcoin network. The expansion comes as total Bitcoin network hash rate has continued to climb industry-wide, intensifying competition for block rewards and pressuring operators with less efficient hardware.

The latest figures further widen the gap between Bitdeer and Cipher Digital, which has been scaling back its Bitcoin mining operations to redirect resources toward high-performance computing (HPC) centers serving artificial intelligence workloads. Cipher reported a Bitcoin mining hash rate of 11.6 EH/s for Q1 2026, down from 23.6 EH/s at the end of 2025.

At 73.0 EH/s, Bitdeer's self-mining power now exceeds Cipher's Bitcoin mining capacity by more than sixfold. Notably, Cipher's stock also rose by over 15% despite the reduced mining activity, illustrating how investors are currently valuing AI infrastructure exposure as much as, if not more than, raw mining capacity.

AI Cloud Revenue and Global Infrastructure Buildout Advance

Beyond Bitcoin mining, Bitdeer reported continued progress across its AI Cloud business. Annualized recurring revenue increased from $69 million to $76 million, while GPU utilization climbed from 90% to 95%. The high utilization rate points to sustained demand for rented GPU compute, which has become a significant growth area for miners with access to power infrastructure and relationships with chip suppliers.

The company also completed its first delivery of NVIDIA GB300 NVL72 systems under a five-year GPU cloud services agreement. CFO Michael G. Potter confirmed that June marked a productive period for Bitdeer's AI platform development.

On the infrastructure front, Bitdeer announced a 10-year lease for a new data center in Johor Bahru, Malaysia, providing 21.7 megawatts of IT power. Johor Bahru has emerged as a notable Southeast Asian data center cluster, attracting hyperscale and colocation investment due to its proximity to Singapore and available power capacity. The facility is scheduled to begin operations in Q1 2027 and will house 128 NVIDIA GB300 NVL72 machines.

Additionally, the company disclosed a colocation lease agreement in Tydal, Norway, and reported that construction of its $36 million Sealaminer manufacturing facility in Sparks, Nevada, is proceeding on schedule. The Sealaminer project positions Bitdeer to produce its own mining hardware, a vertically integrated approach that could differentiate it from peers reliant on third-party equipment suppliers such as Bitmain and MicroBT.