UNITED STATES

 

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2025

 

Commission file number: 001-41687

 

 

 

BITDEER TECHNOLOGIES GROUP

 

 

 

08 Kallang Avenue

Aperia tower 1, #09-03/04

Singapore 339509

(Address of Principal Executive Offices)

 

 

 

Indicate by check mark whether the registrant files or will file annualreports under cover Form 20-F or Form 40-F.  

 

Form20-F       Form 40-F  

 

 

 

 

 

EXHIBITS

 

Exhibit No.   Description
99.1   Press Release – Bitdeer Announces July 2025 Production and Operations Update

 

1

 

 

Signature

 

Pursuant to the requirements of the SecuritiesExchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Bitdeer Technologies Group
   
  By: /s/ Jihan Wu
  Name:  Jihan Wu
  Title: Chief Executive Officer

 

Date: August 14, 2025

 

2

 

Exhibit 99.1

 

Bitdeer Announces July 2025 Production and OperationsUpdate

 

- Increased self-mining hashrate by 35% to 22.3 EH/s on continued deployment of SEALMINERs

- 159 MW energized in Bhutan and Norway; Rockdale, Texas Hydro-cooling conversion completed

 

SINGAPORE, August 13, 2025 (GLOBE NEWSWIRE) -- Bitdeer TechnologiesGroup (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for Bitcoinmining, today announced its unaudited mining and operations updates for July 2025.

 

Operational Update

 

Self-mined Bitcoin: 282 Bitcoins, an increase of ~39% from June2025 due to higher average self-mining hashrate from energization of SEALMINERs.

 

Mining Rig Manufacturing and R&D:

 

oSEALMINER A1: 4.1 EH/s have been energized.

 

oSEALMINER A2:

 

oTotal of 21.2 EH/s in mining rigs have been manufactured and an additional 0.4 EH/s are in final assembly as of end of July 2025.

 

oOf the 21.2 EH/s mining rigs that have been manufactured:

 

External-sales: 5.9 EH/s of mining rigs have been shipped to externalcustomers, including 0.6 EH/s that were shipped in July.

 

Self-mining:

 

10.2 EH/s of mining rigs have been deployed in U.S., Tydal, Norway and Jigmeling,Bhutan, including 5.6 EH/s in July 2025.

 

4.8 EH/s of mining rigs are in-transit to Bitdeer’s sites in Norwayand Bhutan.

 

0.3 EH/s of mining rigs are being prepared for shipping.

 

oSEALMINER A3:

 

oIn final stages of preparation for being mass production ready.

 

oMachine level testing results meeting expectations.

 

oExpected launch in September.

 

 

 

oSEALMINER A4:

 

oOn track to achieve an expected chip efficiency of approximately 5 J/TH.

 

oPlanning two different chip designs of SEAL04 to ensure success.

 

oU.S. Manufacturing: Bitdeer’s U.S. factory is actively in planning and preparation.

 

HPC/AI:

 

oEntered into advanced negotiations with a development partner regarding our Clarington, Ohio site.

 

oGPU cloud services powered by NVIDIA DGX SuperPOD nearly fully utilized driven by strong customer demand. NVL72 GB200 deployment ison track for Q3 2025 completion, with evaluation of deployment of NVL72 GB300 underway.

 

Hosting:

 

oThe hosted hashrate remained unchanged in July 2025.

 

Infrastructure:

 

oRockdale, Texas: 100 MW Hydro-cooling conversion has been fully energized.

 

oTydal, Norway (Hydro): 126 MW is online. The remaining 49 MW is expected to be energized by the end of Q3 2025.

 

oJigmeling, Bhutan: 235 MW is online, with the remaining 265 MW expected to be energized in phases by the end of Q32025.

 

oMassillon, Ohio: 221 MW site is under construction and the full energization timeline has been adjusted to the end of Q1 2026.21MW is expected to be energized by the end of October 2025. The remaining 200MW is expected to be energized in phases by the end of Q12026.

 

Management Commentary

 

“In July, continued deployment of SEALMINERSincreased our self-mining hashrate by 35% to 22.3 EH/s and we are well on track to reach 40 EH/s by the end of October 2025,” saidMatt Kong, Chief Business Officer at Bitdeer. “For SEALMINER A3, all machine-level validation metrics have met our internal benchmarks,and we are preparing to initiate mass production and commercial launch. Looking ahead, our R&D efforts have now pivoted to the SEAL04,which will be a completely new, next-generation architecture targeting breakthrough efficiency of approximately 5 J/TH at the chip level.We are planning two designs of our SEAL04 to ensure success.”

 

Mr. Kong continued, “We also made significantprogress on our construction projects. During the month, we completed the energization of our 100 MW hydro-cooling conversion in Rockdale,Texas, which now houses our SEALMINER A2 hydro-cooling mining rigs. Further, we energized an additional 159 MWs in Tydal, Norway andJigmeling Bhutan, bringing our total available electrical capacity to 1,257 MWs globally. Finally, in July, we made progress in our HPC/AInegotiations and have entered into advanced discussions with a development partner regarding our Clarington, Ohio site.”

 

Production and Operations Summary

 

Metrics  July 2025  June 2025  July 2024
Total hash rate under management1 (EH/s)  36.4  30.6  21.2
- Proprietary hash rate  22.5  16.7  8.6
Self-mining  22.3  16.5  7.5
● Cloud Hash Rate  -  -  1.1
● Delivered but not hashing  0.2  0.2  -
- Hosting  13.9  13.9  12.6
Mining rigs under management  213,000  200,000  212,000
- Self-owned2  127,000  114,000  87,000
- Hosted  86,000  86,000  125,000
Bitcoins mined (self-mining only)  282  203  181
Bitcoin held3  1,667  1,502  126

 

2

 

1 Total hash rate under management as of July 31,2025 across the Company’s primary business lines: Self-mining, Cloud Hash Rate, and Hosting.

 

Self-mining refers to cryptocurrency mining for the Company’sown account, which allows it to directly capture the high appreciation potential of cryptocurrency.

 

Cloud Hash Rate offers hash rate subscription plans and shares miningincome with customers under certain arrangements. The Cloud Hash Rate stated above reflects the contracted hash rate with customers atmonth-end.

 

Hosting encompasses a one-stop mining machine hosting solution includingdeployment, maintenance, and management services for efficient cryptocurrency mining.

 

2 Self-owned mining machines are for the Company’sself-mining business and Cloud Hash Rate business.

 

3 Bitcoins held do not include the Bitcoins fromdeposits of the customers.

 

Infrastructure Construction Update

 

Site / Location  Capacity (MW)    Status  Timing4
Electrical capacity           
- Rockdale, Texas  563    Online  Completed
- Knoxville, Tennessee  86    Online  Completed
- Wenatchee, Washington  13    Online  Completed
- Molde, Norway  84    Online  Completed
- Tydal, Norway  176    Online  Completed
- Gedu, Bhutan  100    Online  Completed
- Jigmeling, Bhutan  235    Online  Completed
Total electrical capacity  1,257 5       
Pipeline capacity           
- Tydal, Norway  49    In progress  Q3 2025
- Massillon, Ohio  221    In progress  Q1 2026
- Clarington, Ohio  570    In progress  Q2 2027
- Jigmeling, Bhutan  265    In progress  Q3 2025
- Rockdale, Texas  179    In planning  Estimate 2026
- Alberta, Canada  99    In planning  Q4 2026
- Oromia Region, Ethiopia  50    In progress  Q4 2025
Total pipeline capacity  1,433        
Total global electrical capacity  2,690        

 

4 Indicative timing. All timing references are to calendarquarters and years.

 

5 Figures represent total available electrical capacity.

 

3

 

Rockdale, Texas – 100 MW Hydro-cooling conversionhas been fully energized.

 

Tydal, Norway175 MW site expansion has commencedenergization and the full energization timeline has been adjusted to the end of Q3 2025:

 

126 MW are online.

 

All equipment has been delivered. The remaining 49 MW is expectedto be energized by the end of Q3 2025. 

 

Massillon, Ohio – 221 MW site is under constructionand the full energization timeline has been adjusted to the end of Q1 2026 due to transformer delivery delays, labor storages and anticipatedcold winter months:

 

21MW is expected to be energized by the end of October 2025. 

 

The remaining 200MW is expected to be energized in phases by the end of Q12026.

 

Clarington, Ohio – 570 MW available –power and datacenter infrastructure to be completed in Q2 2027.

 

Jigmeling, Bhutan – 500 MW site has commencedenergization and is expected to be fully energized in phases by the end of Q3 2025:

 

235 MW is online.

 

The remaining 265 MW is expected to be energized in phases by the end ofQ3 2025.

 

Two 132kV transformers and five 220kV transformers have been energized inJune 2025.

 

Delivery of containers and hydro-cooling systems have been completed andare now being installed.

 

Fox Creek, Alberta – 101 MW site acquired inAlberta, is fully licensed and permitted to construct an on-site natural gas power plant. The project is expected to be energized by theend of Q4 2026.

 

4

 

Oromia Region, Ethiopia – SPA and a turnkeyagreement signed for the acquisition and construction of a 50 MW Bitcoin mining project in Ethiopia. The project is expected to be energizedin Q4 2025.

 

Upcoming Conferences and Events

 

oSeptember 4, 2025: 5th Annual Needham Virtual Crypto Conference

 

oSeptember 8 – 10, 2025: HC Wainwright Global Investment Conference in New York

 

oOctober 7, 2025: CEO Summit in Phoenix

 

oNovember 10 – 12, 2025: Cantor Crypto, AI/Energy Infrastructure Conference in Miami

 

About Bitdeer Technologies Group

 

Bitdeer is a world-leading technology companyfor Bitcoin mining. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers. The Company handles complexprocesses involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management,and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquarteredin Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan. To learn more, visit https://ir.bitdeer.com/or follow Bitdeer on X @ BitdeerOfficial and LinkedIn @ Bitdeer Group.

 

Investors and others should note that Bitdeermay announce material information using its website and/or on its accounts on social media platforms, including X, formerly known as Twitter,Facebook, and LinkedIn. Therefore, Bitdeer encourages investors and others to review the information it posts on the social media andother communication channels listed on its website.

 

Forward-Looking Statements

 

Statements in this press release about future expectations, plans,and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-lookingstatements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “lookforward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,”“may,” “plan,” “potential,” “predict,” “project,” “should,” “target,”“will,” “would” and similar expressions are intended to identify forward-looking statements, although not allforward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-lookingstatements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” inBitdeer’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in Bitdeer’ssubsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press releasespeak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due tonew information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after itspublication date.

 

For investor and media inquiries, please contact:

 

Investor Relations

 

Orange Group

Yujia Zhai

bitdeerIR@orangegroupadvisors.com

 

Media

 

Elev8 New Media

Jessica Starman, MBA

bitdeer@elev8newmedia.com

 

Public Relations

 

BlocksBridge Consulting

Nishant Sharma

bitdeer@blocksbridge.com

 

5