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Bitdeer: power cost and cost per bitcoin, 2026

Energy from the power use Bitdeer reports, its own-account share. Self-mining plus co-mining (its own rigs at third-party sites). R&D left out of overheads. Energy derived from a rate the company states.

Cost per kWh, quarter by quarter

PeriodEnergy (MWh)Power ¢/kWhAll-in ¢/kWhLoaded ¢/kWh
Q1 20261,930,7825.2¢5.7¢6.8¢
Q2 20262,229,8304.4¢4.8¢6.1¢
H1 20264,160,6124.8¢5.2¢6.4¢

What a bitcoin cost them

PeriodBitcoin minedPower $/BTCAll-in $/BTCLoaded $/BTCRevenue $/BTC
Q1 20262,033$49,100$54,400$64,800$76,700
Q2 20262,694$36,400$39,900$50,500$71,800
H1 20264,727$41,800$46,100$56,700$73,900

The hardware

PeriodDepreciationImpairmentsSpending on machines
Q1 2026$80.8m$0mnot separable
Q2 2026$92.5m$0m$150m
H1 2026$173.3m$0m$150m

Full analysis, with every filing linked · All public miners

This is our analysis of the company's public filings, not an audit in the accounting sense, and it is not investment advice. Mining output depends on bitcoin's price, difficulty and uptime, and isn't guaranteed.