Bitdeer (NASDAQ: BTDR) announced Monday it mined 526 bitcoin in November 2025, representing a 251% increase compared to the same period last year.
The company attributed the production growth to the continued deployment of its proprietary SEALMINER rigs, with Bitdeer’s self-mining hashrate reaching 45.7 EH/s during the month.
The company expects to surpass 50 EH/s by the end of the year, per Bitdeer Chief Business Officer Matt Kong. Bitdeer would join MARA (NASDAQ: MARA), IREN (NASDAQ: IREN), CleanSpark (NASDAQ: CLSK) and Cango (NYSE: CANG) as public miners with over 50 EH/s of proprietary deployed bitcoin mining.
Bitdeer now has 34.3 EH/s of its SEALMINER A2 model deployed, with another 3.3 EH/s in transit. Bitdeer also began a roll out of its latest A3 model, with 0.6 EH/s deployed and 2.9 EH/s in transit.
Bitdeer’s forthcoming bitcoin mining ASIC chip, the SEAL04-1 chip, demonstrated power efficiency of approximately 6-7 J/TH in recent verification tests. Management targets mass production for this chip in the first quarter of 2026.
The subject of a recent lawsuit, Bitdeer’s SEAL04 chip was originally slated for production this year with a projected chip-level efficiency of 5 J/TH. After delays, Bitdeer is now splitting the SEAL04’s design and rollout into two batches, the SEAL04-1 and the SEAL-02.
Bitdeer said that its high-performance computing division is on track to earn an annual recurring revenue of approximately $10 million as of November, up from $8 million in October.
The company’s expansion of AI infrastructure included a new lease for a 2 megawatt data center in Malaysia. The facility will host NVIDIA GB200 systems and is expected to launch by the end of 2025. Bitdeer also ordered additional B300 and GB300 systems for delivery in early 2026.
The company is actively evaluating leasing opportunities for data centers in the United States. Bitdeer has begun conversion work at a 13 megawatt site in Wenatchee, Washington, plus a project for 35 megawatts of capacity in Knoxville, Tennessee.
Bitdeer’s site in Massillon, Ohio faced a localized setback due to a recent fire. The energization of approximately 26 megawatts across two affected buildings has been postponed pending assessment. The remaining 174 megawatts at the location are scheduled to come online in the second quarter of 2026.
BTDR stock is down 53% year to date.
