The miner's self-mining hashrate rose to 79.9 EH/s and production was up about 249 percent from a year earlier, but its bitcoin balance ended the month at 61 coins, against 257 a month earlier and 1,934 a year ago. The company's own footnote says the figure counts coins pledged as collateral, which rules out one explanation for the drop.
Bitdeer Technologies Group mined 1,310 bitcoin in August and ended the month holding 61, according to the monthly production update the Nasdaq-listed miner released on Wednesday afternoon in New York. The company held 257 coins at the end of July and 1,934 in August 2025.
Production moved the other way. The August figure is up from 1,190 in July and 375 in the same month last year, an increase of about 249 percent year over year. Self-mining hashrate reached 79.9 exahashes per second from 76.7 in July and 30.0 a year earlier. Adding 4.2 EH/s of other proprietary capacity takes the proprietary total to 84.1 EH/s, with a further 21.6 EH/s of co-mining, up from 18.7.
Holdings fell by 196 coins across the month while 1,310 were produced, so roughly 1,506 bitcoin left the balance sheet during August, assuming the company neither bought coins nor added any from a source other than mining. The update gives no sales figure, no proceeds and no explanation for the decline.
One explanation is ruled out by the company's own footnote, which says that "Bitcoins held does not include Bitcoins from customer deposits but does include Bitcoins that are pledged as collateral by us." Coins posted against a loan would still appear in the 61. Whatever happened to the rest, it was not a move into collateral.
No dollar figure can be put on those coins from this disclosure. The update does not say when in August the balance fell or at what price, and valuing August activity at a September price would be a different measurement. For context on where the price sits, bitcoin traded above $76,000 early on Thursday, up 0.8 percent over 24 hours and about 39 percent below its record of roughly $126,000, The Block reported.
The AI side of the business is where the update spends its detail. Bitdeer reports 4,328 deployed GPUs, up from 4,248 in July, running at 92 percent utilization against 95 percent a month earlier. Of those, 3,998 are on external subscriptions, and the company puts annualized recurring revenue at about $86 million. Bloomingbit's account of the same release records the July figure at about $76 million.
Contracted AI cloud capacity now stands at 206.5 megawatts. The 9.5 MW A102 site in Malaysia is fully contracted before it is energized, which Bitdeer says represents more than $800 million of expected revenue with recognition anticipated from the first quarter of 2027. A ten-year services agreement covers a further 65.1 MW at A202, taking the Johor campus to 86.8 MW, and a non-binding letter of intent in Gelephu, Bhutan covers an initial 30 MW of hydro and solar capacity with room to expand. The largest of them, the 16-year Tydal lease in Norway valued at $4.7 billion, was announced in August.
Michael G. Potter, the chief financial officer, said the strategy "continues to validate the vertically integrated model we've built at Bitdeer, converting powered land into large-scale, contracted AI/HPC revenue in addition to simply mining Bitcoin," and called Tydal and the A102 contracting "proof points that customers value the reliability and scale of our platform." Neither statement addresses the bitcoin balance.
Miners parting with production rather than accumulating it is not unusual this year. BitFuFu sold 184 coins to fund its second quarter, IREN is retiring mining rigs to clear halls for AI tenants, and MiningPool reported in August that every listed US miner was still losing money with bitcoin near $80,000 and cash costs around $88,000 a coin. Bitdeer is Singapore-based and makes its own ASICs, having launched the SEALMINER A4 series in April, so its cost structure is not the same as a US operator buying machines on the open market.
A monthly production update is an unaudited operational disclosure. It reports coins mined, coins held and hashrate, and it does not report revenue, costs or any gain or loss recognized on bitcoin sold. Those appear in the quarterly filings, which is where any sales and their proceeds would be recorded.
