Bitcoin News
By James Thorp
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Self-Mining Hashrate Climbs. Bitdeer's been adding hashrate to its own mining fleet.
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What Comes Next. Bitdeer didn't share any roadmap for the rest of 2026.
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Bitdeer's AI cloud business pulled in an annual recurring revenue run rate of $43 million by the end of March. That's a 105% jump from February.
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The company didn't break out what's driving demand for its AI cloud offering or who the customers are.
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Bitdeer's been adding hashrate to its own mining fleet. More hashrate means more computing power pointed at Bitcoin blocks, which means more potential revenue from mining rewards.
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Here's the thing: running your own mining rigs gives you a steady stream of hardware and infrastructure to repurpose.
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The AI cloud business probably benefits from Bitdeer's existing data center footprint. You've already got the power contracts, the cooling systems, the rack space.
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Bitdeer didn't share any roadmap for the rest of 2026. No word on whether they'll keep scaling AI cloud at this pace or if March was just a good month.
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The 105% month-over-month growth rate is wild, but it's also coming off a smaller base. Going from, say, $20 million ARR to $43 million is easier than going from $100 million to…
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Related: HUT Stock Jumps 33% on AI Energy Deal as Q1 Loss Hits Miners Books
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Mining companies have tried the AI pivot before with mixed results. Some found real traction.
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The company's focus on self-mining hashrate expansion seems pretty central to the whole strategy.
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But there's risk here too. Bitcoin's price moves around, mining difficulty adjusts, and AI cloud pricing is getting more competitive.
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The lack of detail from Bitdeer makes it hard to know what's really happening under the hood. Are enterprise customers signing long-term contracts?
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The company's silence on future developments is probably intentional. Mining companies don't always want to telegraph their moves, especially if they're in the middle of raising…
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