🚨 BTDR TRIPLES BITCOIN PRODUCTION AS AI CLOUD BACKLOG SURGES PAST $2.9 BILLION Bitdeer just released its September 2026 operations update, revealing significant growth in both bitcoin mining and contracted AI infrastructure business. But there's an important distinction between its growing AI backlog and revenue currently being generated. Here's the breakdown 👇 ⛏️ BITCOIN MINING ▪️ 1,355 BTC mined in September, up 200% YoY from 452 BTC. ▪️ Self-mining hashrate reached 82.3 EH/s, up from 35 EH/s a year ago. ▪️ Co-mining hashrate jumped 33% month-over-month to 28.7 EH/s, with Bitdeer-owned miners operating at third-party sites. ▪️ Bitcoin holdings fell to just 47 BTC, compared with 2,029 BTC a year earlier. 🤖 AI CLOUD & NVDA INFRASTRUCTURE ▪️ $2.9 BILLION in expected AI Cloud revenue backlog, up from $900 million in August. ▪️ 333.5 MW of secured AI Cloud capacity across Malaysia, Norway and the U.S., representing approximately 95% of Bitdeer's 350 MW target. ▪️ Over 70% of its 21.7 MW A201 facility in Malaysia is covered by customer offtake commitments representing more than $1.7 billion in expected revenue over five years. ▪️ GPU utilization improved from 92% to 95%. ⚠️ HERE'S THE IMPORTANT DISTINCTION: Despite the more than threefold increase in AI Cloud backlog, Bitdeer's deployed GPU fleet remained unchanged at 4,328, while its annualized recurring revenue stayed flat at approximately $86 million. The backlog represents expected future revenue, not sales already recognized. 🏗️ WHAT'S NEXT? Bitdeer is also positioning its 563 MW Rockdale campus in Texas for AI/HPC development following a 200-acre land acquisition, while advancing a separate $4.7 billion colocation agreement in Norway. The company is simultaneously scaling its bitcoin mining business and developing an AI infrastructure business with multibillion-dollar contracts. The next test: converting contracted capacity into operating, revenue-generating GPU infrastructure. Read TheEnergyMag's full breakdown of the September numbers and what they mean for investors 👇 🔗 https://theenergymag.com/news/market-news/bitdeer-reports-2-9-billion-ai-cloud-backlog-texas BTDR BTC NVDA @Bitdeer @Bitdeer_AI #BitcoinMining #AI #Infrastructure #DataCenter