Bitdeer reports 196 self-mined bitcoin in May

Operational Update: Self-mined Bitcoin: 196 Bitcoins, increase of 18.1% from April 2025 on higher average self-mining hashrate from energization of SEALMINERs. Mining Rig Manufacturing and R&D: SEALMINER A1: 3.9 EH/s was energized. SEALMINER A2: Total of 9.0 EH/s mining rigs have been manufactured and an additional 1.5 EH/s are in final assembly as of the end of May 2025. Of the 9.0 EH/s mining rigs that have been manufactured: External-sales: 2.9 EH/s of mining rigs have been shipped to external customers, including 1.6 EH/s that were shipped in May. Self-mining: 1.6 EH/s have been deployed in Texas, U.S. and Tydal, Norway, including 1.1 EH/s in May 2025. 2.6 EH/s are in-transit to Bitdeer’s (BTDR) sites in Texas, U.S. and Bhutan. 1.9 EH/s are being prepared for shipping. SEALMINER A3: Machine level testing is ongoing with all the test results meeting expectations. SEALMINER A3 series will be released and available for pre-order in June 2025. SEALMINER A4: SEAL04 R&D remains on track to achieve an expected chip efficiency of approximately 5 J/TH with anticipated initial tape-out in Q4 2025. HPC/AI: Discussions are ongoing with multiple development partners and potential end users for selected large scale sites in the U.S. for HPC/AI. Launched AI Cloud service by deploying more than 10 cutting-edge LLMs with robust infrastructure supporting strong inference demand – demonstrating our ability to deliver enterprise-grade AI solutions at scale. Hosting: Client-hosted mining rigs increased by 5,000 units or 1.0 EH/s in May 2025, due to existing customers increasing hosted mining rigs. Infrastructure: Tydal, Norway: Electrical equipment installation, hydro cooling, and water supply and drainage systems are expected to be complete by the end of June 2025. Massillon, Ohio: Building construction is ongoing and is expected to be completed in phases from Q3 to Q4 2025. FinancingTether exercised their warrants during May 2025, the Company issued 5,186,627 ordinary shares and received $50 million in cash as proceeds. This transaction is related to the private placement financing that took place in May 2024. “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,” said Matt Kong, CBO. “Looking forward, we remain 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.”