Bitdeer, spun out of Bitmain in 2021, runs core businesses in Bitcoin crypto mining and AI cloud services. With seven major data centers worldwide, it is one of the leading global providers of computing power services and has broken through despite persistently high mining difficulty on the Bitcoin network.

On December 15, the company disclosed that its self-mining output reached 526 Bitcoin in November, up 3% month on month and more than tripling from a year earlier.

The growth in its core crypto mining business is underpinned by continued upgrades in computing power.

As of November, Bitdeer’s installed self-owned hashrate had risen to 45.7 EH/s, with actual operating hashrate reaching 42.46 EH/s.

Behind that performance is the steady deployment of its in-house SEALMINER mining rigs and the gradual retirement of older third-party mining rigs.

The company said its self-owned mining hashrate will approach 50 EH/s by the end of 2025, with the SEALMINER A2 and A3 models serving as core growth drivers.

While reinforcing its crypto mining base, Bitdeer is accelerating its move into AI.

As a representative case of diversification among large mining companies, its high-performance computing (HPC) and AI cloud businesses are advancing quickly: as of November, it had deployed 720 GPUs for cloud services with utilization as high as 94%, while several former mining sites are being converted into AI data centers.

Bitdeer said design work is underway for its 13 GW AI data center in Wenatchee, Washington, while conversion work has also begun on a 35 GW data center in Knoxville, Tennessee.

Both projects are scheduled for completion in early fourth quarter 2026.

At its Tydal site in Norway, long-lead equipment including substations has been ordered, with the AI data center planned to enter service by the end of 2026.

In Asia, Bitdeer has completed the lease of a 2 GW AI data center in Malaysia, which will host NVIDIA GB200 systems. Newly ordered B300 and GB300 GPU systems are also scheduled for deployment by February 2026.

The company also said planning and procurement are moving forward at its Tydal site in Norway, where it has ordered long-lead equipment including substations to support an AI data center expected to come online around the end of 2026.

In Asia, Bitdeer has leased a 2 GW AI data center in Malaysia to host NVIDIA GB200 systems, and has ordered B300 and GB300 GPU systems, with deployment planned by February 2026.

The company said it is also evaluating opportunities to lease data centers in the United States so it can begin serving AI cloud customers as early as the first quarter of 2026.

As volatility intensifies in crypto markets and competition in crypto mining grows increasingly fierce, Bitdeer’s dual-track strategy has become a telling example for the industry.

Its core crypto mining business is building defenses through iterations of in-house mining rig technology, while its AI pivot is putting existing computing power resources to new use. That is the shared playbook now emerging among large mining companies: move beyond reliance on mining revenue alone and connect the computing power advantages accumulated through crypto mining with the urgent demand for computing power in the AI era.

At its core, computing power is computing capability. Resources once dedicated to Bitcoin crypto mining are now becoming core infrastructure for AI development.

As mining companies move away from a single dependence on crypto mining and turn toward AI computing power services, is this transition a defensive response to market pressure, or the inevitable direction of technological evolution? In an era when demand for computing power is being reshaped, miners’ cross-industry experiments may be rewriting the competitive landscape of both industries.