Bitdeer Extends Its Infrastructure Strategy From Bitcoin Mining to Full-Stack AI Cloud and Model Studio

Every mining cycle returns to the same unromantic question: what does one megawatt earn after the electricity bill? As hashprice narrows the margin on mining hardware, AI workloads offer power-rich operators another source of revenue. Bitdeer’s move into full-stack AI Cloud is therefore less a change of identity than a change in how infrastructure gets paid.

One Megawatt Now Has Two Earnings Cases

According to Hashrate Index, Bitcoin hashprice was about $39.36 per PH/s per day on August 31, 2026. At Bitdeer’s reported Q2 average miner efficiency of 15.8 J/TH, one megawatt supports about 63.29 PH/s and produces roughly $2,491 in daily gross revenue. With electricity at the company’s reported Q2 average of $44 per MWh, power costs about $1,056 per day.

The remaining $1,435 must cover miner depreciation, labor, maintenance and downtime. A 25 J/TH miner produces about $1,574 per megawatt per day, leaving about $518 after electricity costs and before other operating expenses. These estimates are based on Hashrate Index’s reported hashprice and Bitdeer’s disclosed Q2 average mining efficiency and power cost assumptions. Actual returns may vary depending on Bitcoin price, network difficulty, miner efficiency, electricity pricing, uptime and operating conditions. AI Cloud offers no automatic cure, but its revenue follows GPU utilization, rates and customer contracts rather than Bitcoin price and network difficulty.