Bitdeer Technologies Group (NASDAQ:BTDR) is trending after the company released its July 2026 production and operations update, alongside a new co-mining agreement with Soluna Holdings.
Bitdeer Techs stock is under selling pressure. Why is BTDR stock retreating?
Bitdeer Locks In Malaysia Deals, Hits 1,190 BTC in July
Bitdeer said its 9.5 MW A102 facility in Malaysia is now fully committed under long-term offtake agreements ahead of energization, representing total expected contracted revenue exceeding $800 million. Contract discussions for the larger A201 facility, a 21.7 MW IT load site, are currently underway, with the company expecting to sign those contracts and begin collecting advance payments within a month. Bitdeer’s self-mining hash rate reached approximately 76.7 EH/s, while Bitcoin production rose 322% year-over-year to 1,190 Bitcoin mined in July.
“July reflected continued execution across our vertically integrated platform. Announcing our $4.7B, 16-year AI/HPC lease in early August marks a key milestone in converting our power portfolio into contracted, long-term revenue,” said Michael G. Potter, CFO of Bitdeer.
