Bitdeer Technologies Group Releases Unaudited Operational Update for May 2025, Showcasing Robust Expansion

Bitdeer Technologies Group, a global leader in Bitcoin mining and infrastructure, has released its unaudited operational update for May 2025

Bitdeer Technologies Group (NYSE: BTDR) has had a busy May, expanding its hashrate capacity, advancing infrastructure development, and making inroads into AI services.

Here are some of the key highlights from the company’s unaudited operational update for May 2025:

* Bitdeer disclosed that it has now increased its self-mining hashrate to 13.6 EH/s with the deployment of its SEALMINER units.

* By the end of May, Bitdeer had manufactured 9 EH/s of SEALMINER A2s, with 2.9 EH/s being shipped to customers and 1.6 EH/s sold in May alone.

* In April, Bitdeer announced that it had reached an agreement with Tether to sell 150 million newly issued shares of Bitdeer at a price of $24 per share. As part of the agreement, Tether will have the right to purchase up to an additional 100 million shares of Bitdeer at a price of $32 per share within a period of 24 months from the closing of the private placement.

* In May, Tether exercised its warrants, securing $50 million in cash proceeds for Bitdeer.

Here’s what Bitdeer Chief Business Officer Matt Kong had to say about the company’s performance:

"In May 2025, we continued to deploy our SEALMINER mining rigs to our sites in Texas, U.S., Norway, and Bhutan, bringing Bitdeer's self-mining hashrate to 13.6 EH/s at the end of the month of May.

"We are also making good progress with the manufacturing of our A2 series, and we are on track to deliver over 40 EH/s of self-mining capacity by October 2025.

"Further, in May, we sold and shipped approximately 1.6 EH/s of our SEALMINER A2s to external customers. Our A3 Series will also be released and available for pre-order very soon."

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What Happened: Bitdeer, a leading provider of Bitcoin mining and infrastructure, reported significant strides in its operations during May, laying the groundwork for further expansion in the coming months.

The company's self-mining hashrate reached 13.6 EH/s with the ongoing deployment of its SEALMINER units. A total of 9 EH/s in SEALMINER A2s were manufactured, with 2.9 EH/s being shipped to customers and 1.6 EH/s sold in May.

Moreover, Bitdeer announced the launch of its AI Cloud service, powered by over 10 advanced large language models (LLMs), including LLaMA, DeepSeek, and Qwen variants. This service is designed for strong inference demand as Bitdeer expands into the high-performance computing/AI sector.

On the infrastructure front, Bitdeer is making steady progress. The 175 MW Tydal, Norway site is nearing completion, with full energization expected by June.

At the 221 MW Massillon, Ohio site, construction is progressing well, with the goal of completion in the second half of 2025.

In Asia, Bitdeer energized 132 MW at its Jigmeling, Bhutan site, and an additional 368 MW is expected to come online by the third quarter of 2025.

Crucially, Bitdeer disclosed that it secured $50 million in cash proceeds during May after Tether Technology LLC exercised warrants from a 2024 private placement.

Where Is It Going: Bitdeer is rapidly expanding its hashrate capacity and geographical footprint.

The company is also diversifying its revenue streams with the launch of its AI Cloud service and the planned release of the A3 Series SEALMINER for external sales.

With a global capacity of 2,690 MW and operations in North America, Europe, and Asia, Bitdeer is a key player in the Bitcoin mining industry.