Bitdeer releases July update and signs Soluna co-mining pact

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.

Potential $8B AI/HPC Contract in Tydal The update follows Bitdeer’s announcement earlier this month of a $4.7 billion, 16-year AI/HPC data center lease for its Tydal, Norway campus, with potential to reach a total contract value of $8.0 billion through a one-time eight-year extension.

The tenant, a subsidiary of Volta, will configure the entire 121 IT MW facility to run NVIDIA GPUs for an end customer described as a leading AI lab.

Credit backstops totaling approximately $1.3 billion are expected to be arranged by affiliates of two top-tier global financial institutions.

Updates to Align with Earnings Releases Bitdeer said it will transition its infrastructure updates from a monthly cadence to quarterly disclosures issued alongside its financial earnings releases going forward.

Co—Mining Pact with Soluna in Texas Separately, a Bitdeer subsidiary entered into a co-mining agreement with Soluna Holdings, under which Bitdeer will deploy approximately 28 MW of Bitcoin mining equipment, representing about 1.93 EH/s of hash rate, at Soluna’s Project Kati 1 site in South Texas.

Deployment is expected to begin in September 2026, ramping in batches.

Under the arrangement, Soluna provides the site, power, and turnkey operations, while Bitdeer provides and owns its Sealminer A2 Pro Air mining equipment, with the two companies sharing in the mining proceeds generated.

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This illustration was generated using artificial intelligence via Midjourney.