Bitdeer mines 511 bitcoins in October

Self-mining: Mined 511 Bitcoins, an increase of approximately 13% from September 2025. Self-mining hashrate reached 41.2 EH/s, surpassing the Company’s 40 EH/s target. Bitdeer (BTDR) will continue deploying SEALMINER mining rigs for self-mining while concurrently retiring third-party, older-generation rigs. SEALMINER R&D The first SEAL04 chip’s latest verification demonstrated approximately 6-7 J/TH power efficiency at the chip level under low-voltage, ultra-power-saving mode. Targeting mass production in Q1 2026. Development of the next-generation SEAL04 is significantly delayed. U.S. Manufacturing: Preparations for Bitdeer’s U.S. factory remain in progress. HPC/AI: Achieved US$8 million AI cloud ARR as of October, supported by continued customer demand for NVIDIA B200 systems. Deployed 584 GPUs as of October 2025, with 87% utilization (510 GPUs subscribed). Unutilized GPUs are new B200s, which are undergoing customer testing. 8 NVL72 systems are being deployed to data centers in Malaysia, expected to come online in early December 2025. Placed orders for NVIDIA’s next-generation GB300 and B300 systems, with delivery expected in December 2025. Continuing to source additional Southeast Asia data center capacity, with potential lease agreements under negotiation. Conversion of 13 MW AI data center in Wenatchee, Washington is ongoing with targeted completion in Q4 2026. Initiated the conversion of 10 MW of power capacity in Knoxville, Tennessee into an AI data center, with targeted completion in Q4 2026. The Company is evaluating potential U.S. data center rental opportunities to bring its AI cloud services online domestically as early as Q1 2026. Tydal AI data center conversion plan is currently under detailed planning and design. Upgraded core infrastructure architecture to deliver superior uptime, dynamic compute allocation, and elastic storage, positioning Bitdeer to capture greater share in the rapidly expanding cloud infrastructure market. Infrastructure: Tydal, Norway: Construction of the 175 MW hydro-cooling site has been completed, and the expansion has been fully energized. Massillon, Ohio: 21 MW is expected to be energized in November. Oromia Region, Ethiopia: Construction of the 50 MW site completed. 40MW energized, with the remaining 10 MW expected in December. Miner deployment proceeding in phases based on delivery schedules.