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Bitdeer Technologies Group
Bitdeer runs data centers that mine bitcoin for itself and for paying customers, and it is now renting out computing power for artificial intelligence too.
Bitdeer is a bitcoin mining company that also runs data centers for other people. It mines bitcoin for its own account, sells "hash rate" to customers who want mining exposure without owning machines, and hosts other people's mining rigs in its facilities. More recently, it has pushed into AI cloud infrastructure, renting out high-performance computing to AI customers — a business that looks a lot like what cloud providers sell, just smaller.
Bitcoin mining is a brute-force lottery. Computers race to solve a math puzzle, the winner earns freshly created bitcoin, and the only real way to win more often is to control more computing power while keeping electricity costs low. Bitdeer's edge is vertical integration: it designs and manufactures its own mining rigs through its SEALMINER line rather than buying them all from outside suppliers. That gives it more control over cost and supply in an industry where chips have often been the bottleneck. It operates sites in the United States and other countries, and it also runs a cloud service that lets people rent mining power by the slice. The company is majority-owned by Chinese crypto entrepreneur Jihan Wu, a co-founder of Bitmain, once the world's dominant maker of bitcoin mining machines. Bitdeer itself is headquartered in Singapore and listed in New York after going public through a merger with a special-purpose acquisition company in 2023.
The business is brutally cyclical. When bitcoin prices are high, mining is lucrative and customers line up for hosting and hash rate; when prices fall or the network's mining difficulty rises, margins can compress fast. That is a big part of why the AI pivot matters — it offers a second source of demand for the same data centers and power contracts. The risks are real too: heavy capital spending on facilities and chips, a small player's position against giants like Marathon Digital Holdings and Riot Platforms in mining, and far bigger names in AI computing. Bitdeer is essentially a bet on cheap power, efficient machines, and a management team that has survived several crypto winters.
Saved answer · last researched 14 Nov 2026