Bitdeer publishes transcript of Q2 2026 earnings call
Reuters2026/08/20 00:11- Bitdeer Q2 2026 earnings call attended by CEO Jihan Wu, CSO Haris Basit, CFO Michael Potter, IR head Tesh Dahya.
- Executed a 16-year Tydal, Norway colocation lease with Volta for 121 IT MW; base-term contracted revenue about USD 4.7 billion.
- Contract includes 3% annual escalator; electricity reimbursed pass-through; two-phase delivery targets Dec. 31, 2026, then Mar. 31, 2027.
- Retained 47 gross MW at Tydal for own AI cloud; management cited active customer interest, with Malaysia execution prioritized first.
- Q2 revenue USD 228.8 million; adjusted EBITDA USD 31.1 million; ended quarter with USD 496 million cash, USD 457 million raised via ATM.
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