Bitdeer Mining Insights

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Bitdeer reported March 2026 operations: 661 BTC self-mined (+480% YoY), self-mining hashrate at ~70 EH/s (+504% YoY), and AI cloud ARR of ~$43M (+105% MoM). Colocation negotiations at Tydal, Norway are ongoing. The SEALMINER A4 series launched in early April.

TeraWulf priced 47.4M shares at $19 each to raise $900M, funding its Hawesville, Kentucky data center campus and retiring bridge debt. Shares fell 5.8% to $19.73. Preliminary Q1 revenue of $30M-$35M shows HPC hosting income surpassing bitcoin mining for the first time, exceeding 50% of total revenue.

Foundry Digital launched a Zcash mining pool, reaching 29.2% of network hashrate within its first month via institutional mining partnerships. ViaBTC's share dropped from 68.1% to 37% as a result. Foundry also launched a Zcash block explorer, showing 2,344 blocks mined since launch.

CoreWeave announced a multi-year agreement to host Anthropic's Claude AI workloads across its cloud data centers, with scope to expand over time. CoreWeave shares rose over 12% on the news to $102.73. The company now serves nine of the ten largest LLM developers globally.

Druk Holding and Investments has reduced Bhutan's bitcoin from ~13,000 BTC to 3,954 BTC since October 2024, a 70% drawdown. $215.7M has exited this year. On Thursday, 319.7 BTC worth $22.68M was transferred, partly routed via Galaxy Digital and OKX. Mining inflows above $100K have not been recorded in over a year.