Bitdeer Q3 Recap: AI Plans, the Future of BTDR’s Bhutan Mining, and SEALMINER A4 Update w/ Harit Basit

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Welcome back to The Mining Pod! Today, Haris Basit, CSO at Bitdeer, joins us to break down their Q3 results, where revenue hit $169.7M (up 173% YoY), self-mining production doubled to 1,109 BTC, and they achieved 41.2 EH/s of self-mining capacity. We dive deep into Bitdeer’s AI and HPC expansion strategy across sites in Norway, Tennessee, Washington, and Ohio, discuss the SEALMINER A3’s production schedule and A4 chip development delays, and get updates on the Massillon facility fire recovery.

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**Notes:**

• Revenue up 173% YoY to $169.7M

• Self-mining doubled: 565 to 1,109 BTC

• Hash rate reached 41.2 exahash in October

• Adjusted EBITDA: $43M vs -$7.9M last year

• SEALMINER delays

• AI expansion: planned across 4 sites

Timestamps:

00:00 Start

03:32 Overview of report

05:43 Colocation vs self mining vs neoloud

09:30 Why do both colocation & neocloud?

10:42 Facility fire

12:13 Bhutan

15:01 Convertible notes

16:43 Future financing options

18:54 Cloud mining profitability

19:57 Choosing where to locate services

22:11 Alberta

24:03 Ethiopia

25:20 ASIC production

28:35 A4 delays

31:39 What's coming?

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