Bitdeer boosts self-mining hashrate by 35% to 22.3 EH/s in July

SINGAPORE - Bitcoin mining company Bitdeer Technologies Group (NASDAQ:BTDR), currently valued at $2.6 billion, reported a 35% increase in self-mining hashrate to 22.3 EH/s in July 2025, according to a company press release issued Wednesday. According to InvestingPro analysis, the stock is currently overvalued, with high volatility reflected in its beta of 2.23.

The company mined 282 Bitcoins during the month, representing a 39% increase from June 2025, driven by the deployment of SEALMINER mining rigs. With earnings scheduled in 5 days, InvestingPro subscribers can access 12 additional key insights about Bitdeer’s financial health and future prospects.

Bitdeer energized an additional 159 MW of capacity in Bhutan and Norway during July, while also completing a 100 MW hydro-cooling conversion at its Rockdale, Texas facility. The company’s total available electrical capacity now stands at 1,257 MW globally.

The firm has manufactured 21.2 EH/s of SEALMINER A2 mining rigs, with 5.9 EH/s shipped to external customers and 10.2 EH/s deployed for self-mining operations in the U.S., Norway, and Bhutan. An additional 4.8 EH/s of mining rigs are in transit to company sites.

"We are well on track to reach 40 EH/s by the end of October 2025," said Matt Kong, Chief Business Officer at Bitdeer, in the statement. Kong also noted that the company’s SEALMINER A3 has met internal benchmarks and is preparing for mass production.

The company reported holding 1,667 Bitcoins as of July 31, 2025.

Bitdeer’s infrastructure expansion continues with several projects in progress, including a 221 MW site under construction in Massillon, Ohio, with 21 MW expected to be energized by October 2025 and the remainder by Q1 2026. The company is also developing additional capacity in Bhutan, Norway, Ethiopia, and Canada.

The firm’s GPU cloud services for AI applications are reportedly near full utilization, with deployment of NVIDIA hardware on track for completion in Q3 2025. While analysts project 52% revenue growth for FY2025, InvestingPro’s comprehensive research report reveals crucial insights about the company’s cash burn rate and operational efficiency metrics.

In other recent news, Bitdeer Technologies Group has made significant strides in its operations and financial outlook. The company reported a 21% increase in its self-mining hashrate, reaching 16.5 EH/s in June 2025, which facilitated the mining of 203 Bitcoins, a 4% rise from the previous month. This growth is partly attributed to the deployment of Bitdeer’s SEALMINER systems. BTIG has reiterated its Buy rating with a $23.00 price target, emphasizing the company’s ASIC mining rollout and potential opportunities in AI and HPC data centers. Similarly, Benchmark maintains a Buy rating, highlighting progress across Bitdeer’s business lines, including bitcoin mining rig design and self-mining. Cantor Fitzgerald also raised its price target for Bitdeer to $23.00, citing enhanced mining rig efficiency as a driver for increased self-mining hash rates. Furthermore, Bitdeer has completed a $330 million convertible bond offering, which will support infrastructure expansion in Norway and Bhutan. These developments underscore Bitdeer’s ongoing commitment to expanding its mining capabilities and exploring new growth avenues.

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