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August 2026 Q2'26 Supplemental Investor Presentation A world - leading technology company for Al and Bitcoin mining infrastructure BITDEER NASDAQ : BT DR KCSTAR KSTAR KSTAR KSTAR 22.7 DAD DE
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NASDAQ : BTDR Disclaimer & Forward- Looking Statements This presentation and the accompanying oral presentation have been prepared by Bitdeer Technologies Group (the “Company”) solely for information purpose, and has not been independently verified. By viewing or accessing the information contained in this presentation, the recipient hereby acknowledges and agrees that no representations, warranties or undertakings, express or implied, are made by the Company or any of its directors, shareholders, employees, agents, affiliates, advisors or representatives as to, and no reliance should be placed upon, the accuracy, fairness, completeness or correctness of the information or opinions presented or contained in this presentation. None of the Company or any of its directors, shareholders, employees, agents, affiliates, advisors or representatives accept any responsibility whatsoever (in negligence or otherwise) for any loss howsoever arising from any information presented or contained in this presentation or otherwise arising in connection with the presentation. The information presented or contained in this presentation speaks as of the date of this presentation and is subject to change without notice. Certain statements in this presentation, including statements about our financial position and business strategy, and other statements that the Company may make, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934, as amended, or the Private Securities Litigation Reform Act of 1995. These statements reflect the Company’s intent, beliefs or current expectations about the future. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,” “intends,” “anticipates,” “believes,” “confident” or words of similar meaning. These forward- looking statements are not guarantees of future performance and are based on a number of assumptions about the Company’s operations and other factors, many of which are beyond the Company’s control, and accordingly, actual results may differ materially from these forward-looking statements. Neither the Company nor any of its affiliates, advisers or representatives has any obligation and does not undertake to revise forward-looking statements to reflect future events or circumstances. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No securities of the Company may be sold in the United States without registration with the United States Securities and Exchange Commission (the “SEC”) or an exemption from such registration pursuant to the Securities Act and the rules and regulations thereunder. No part of this presentation shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. Specifically, these materials do not constitute a “prospectus” within the meaning of the Securities Act. This presentation does not contain all relevant information relating to the Company or its securities, particularly with respect to the risks and special considerations involved with an investment in the securities of the Company and is qualified in its entirety by reference to those risks more fully discussed in the section titled “Risk Factors” in the Company’s most recent annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in the Company’s subsequent filings with the SEC. 2
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NASDAQ : BTDR NASDAQ : BTDR Total Mining Rigs Self-mining(1)(2) (1) As of June 2026 (2) Self-Mining refers to cryptocurrency mining for Bitdeer’s own account, whereby its mining rigs are operated in self-owned datacenters (3) Includes BTC from self-mining operations and BTC from co-mining operations (4) ARR as of the last day of the respective month is calculated by multiplying the daily revenue generated from all contractually obligated GPU orders on that specific day by 365. This metric provides an annualized view of the revenue run- rate based on active contracts at the end of the reporting period (5) Quarter over Quarter from March 2026 at $43M to June 2026 at $76M AI Cloud ARR(4) Expanding AI strategy across multiple initiatives Colocation: Executed $4.7B, 16 Year Base-term lease for 121 IT MW with Volta at Tydal, Norway AI Cloud: Signed a 10-year lease for 21.7 IT MW in Malaysia for Q1 2027 3 77%(5) Total Hash Rate Self-Mining(1)(2) 73.0 EH/s 243,000 Total Electrical Capacity(1) 3.0 GW BTC Mined(3) 2,694 Revenue ~$76 M Key Messages: 113%342% 12% 377% Total Revenue ~$229 M 47% Q2’26 Highlights
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NASDAQ : BTDR NASDAQ : BTDR BITDEER: Vertical Integration Across the Value Chain ASIC Design & Hardware Manufacturing Colocation AI Data Center Powered By: 4 Self Mining 3.0 GW Total Global Energy Infrastructure AI Cloud
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NASDAQ : BTDR 5 Note: existing capacity denoted in blue and pipeline capacity denoted in green. 1. As of July 31, 2026 Production Update 3.0 GW Capacity Secured and Globally Distributed Texas, US 563 MW 179 MW Tennessee, US 86 MW Washington, US 13 MW Molde, Norway 84 MW Tydal, Norway 180 MW Gedu, Bhutan 100 MW Jigmeling, Bhutan 500 MW Ohio, US 174 MW 917 MW Alberta, Canada 101 MW Oromia Region, Ethiopia 50 MW Location Existing MW Pipeline MW Total MW Rockdale, Texas 563 179 742 Knoxville, Tennessee 86 - 86 Wenatchee, Washington 13 - 13 Molde, Norway 84 - 84 Tydal, Norway 180 - 180 Gedu, Bhutan 100 - 100 Jigmeling, Bhutan 500 - 500 Oromia Region, Ethiopia 50 - 50 Massillon, Ohio 174 21/26 221 Clarington, Ohio - 570 570 Weathersfield, Ohio - 300 300 Alberta, Canada - 101 101 Cyberjaya, Malaysia 2 9.5 11.5 Johor Bahru, Malaysia 21.7 21.7 Total capacity 1,752 1,228.2 2,980.2 Bitdeer has ample growth runway to continue its momentum into AI / HPC
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NASDAQ : BTDR Core Business Lines 6
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NASDAQ : BTDR Co-Location Services Contract Duration: 10 – 20 Years Capex / MW(1): $8mm - $12mm Outlook: Long-term contracts with steady cash flow High credit quality tenants Rack-Ready Datacenter Colocation AI Data Center Pipeline 7 TYDAL: Signed 16 year AI/HPC Data Center colocation lease with Volta $4.7 billion contracted revenue over 16 years $8 billion contracted revenue with extension to 24 years Expected to be among Norway's largest and most efficient AI data centers upon completion New Developments 1. Internal estimates based on available industry data for greenfield Tier 3 datacenters.
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NASDAQ : BTDR NASDAQ : BTDR Contracted IT Capacity Based on 133 Gross MW and PUE of 1.1 Tenant option to terminate at 10 years without fees 8-year Renewal Option after 16 years (24 Years total) Expected Total Contract Value over 16-Year Base-term 121 IT MW 16 Year Term Expected 16-Year Average Economics (Base Rent + Service Fee) $202 / kW / month payment $4.7B 8 Tydal HPC Contract: Key Commercial Terms Includes 3% annual rent escalators 3% Bitdeer provides key services to tenant Modified Gross Lease Anticipated Credit Support Backstopped via Letter of Credit arranged by two top-tier global financial institutions, totalling approximately $1.3 billion Credit Backstop Phase 1 Target Commencement Date Phase 2 Target Commencement Date Mar. 31, 2027 Ready for Service (RFS): Dec. 31, 2026 Remaining Capex of ~$500M ~90% Estimated NOI Margin
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NASDAQ : BTDR NASDAQ : BTDR 9 Tydal: Renewable-Powered AI Infrastructure Note: 1. Fortified by regional network of 16 hydro plants and a wind farm to ensure zero-carbon supply Grid Connection: Connects to both Norwegian and Swedish central power grids. Powered by 16 independent hydropower generators and 1 wind farm, 4 of the 16 hydropower generators are directly below the site Reliability: Higher than Tier 3 standard of 99.982% Power Infrastructure Cooling: Dry-coolers with very low water usage with additional cooling capacity through supplemental techniques. Two independent water supplies. Maximum PUE: 1.1 Cooling and Efficiency Fiber: Carrier-neutral; Five independent fiber ISPs plus dark fiber. Anchored by Telenor and NTE Telecom Fiber upgrades: Own southbound and northbound DWDM for international high bandwidth connectivity Connectivity Zero-Carbon Baseload: 100% Hydro and Wind power Heat Reuse: Heat reuse infrastructure to adjacent 112,000 m² for potential food production zone Sustainability Location: Located in Stugudalsvegen 190 in the municipality of Tydal, Norway. 63.031772, 11.687045 Site Size: 28.6 acres (116,000 m2) Facility Capacity: Total of 180 Gross MW / 164 IT MW Data Halls: Lease includes Four data halls in two phases. Two additional halls, outside of lease, in development for 2nd half of 2027 for future AI / HPC use cases Basis of Design: All NVIDIA GPU clusters
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NASDAQ : BTDR Tydal Transaction Overview & Economics: Base-Term Lease (16 Years)1 Extended Lease (24 Years) Description 16-Year Base-term Lease Assumes exercises of 8-year renewal option Expected Total Contracted Value $4.7B $8.0B Implied Average Annual Revenue $293M $333M Implied Average Annual Revenue per IT MW $2.4M $2.7M 10 Note: 1. Tenant retains early termination right with no fees at 10 years
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NASDAQ : BTDR Bitdeer.AI®: Cloud Computing 1. Internal estimates based on available industry data. 2. Internal estimates based on available industry data for GPU’s only. 3. Cyberjaya, Malaysia 11.5 MW and Johor Bahru, Malaysia 21.7 MW Upcoming Datacenter Site Capacity Wenatchee, Washington (13 MW) Knoxville, Tennessee (86 MW) Cloud Service Provider Contract Duration(1) : 0.5 – 5 Years CapEx / MW(2) : $29mm - $33mm Outlook: High margins, rapid return on invested capital Structural demand supports cash flow resilience Datacenter & GPU Deployment 11 Signed a strategic 10-year lease for a 21.7 IT MW facility in Johor Bahru, Malaysia (Q1 2027 handover) designed for 128 NVIDIA GB300 NVL72 systems ARR grew over 77%, to $76M (from $43M), sequentially 95% GPU utilization across 4,248 deployed GPUs with 3,517 GPUs under active external subscription Malaysia(3) (33.2 MW)
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NASDAQ : BTDR 565 2,694 Q2'25 Q2'26 $59,000 $38,000 Q2'25 Q2'26 16.5 73.0 Jun-25 Jun-26 25.7 15.8 Jun-25 Jun-26 Mining Significant increase in mined BTC, benefiting from higher hash rate from energization of SEALMINERs Hash rate (EH / S) 12 Year over Year Hash Rate Growth of over 342% Continued deployment of SEALMINER A4 expected to drive overall fleet efficiency, improving cost of BTC Fleet Efficiency(J/TH) BTC MinedBTC cost to mine (1) Self-Mining (Operated in self-owned datacenters) refers to cryptocurrency mining for Bitdeer’s own account, whereby its mining rigs are operated in self-owned datacenters (2) Electricity costs to mine 1 BTC globally across self-mining sites. Excludes non-cash costs and overhead costs (3) Global self-mining rig fleet efficiency (J/TH) (4) Includes BTC from self-mining operations and BTC from co-mining operations (1) (3) (4)(2) +342% +377% -39% -36%
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NASDAQ : BTDR SEALMINER Technology Roadmap SEALMINER A1 Power Efficiency 21.5 J/T Released Q3 2024 SEALMINER A2 Series The A2 Pro series delivers a power efficiency of 14.9 J/T Mass-production start in Q4 2024 SEALMINER A3 Series The A3 Pro series delivers a power efficiency of 12.5 J/T Mass-production start in Q4 2025 SEALMINER A4 Series The A4 Ultra delivers a power efficiency of 9.45 J/T Mass-production began in Q1 2026 SEAL04 SEAL01 SEAL02 SEAL03 13 Seal01 Seal02 Seal03 Seal04 J/T A1 A2 A3 A4
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NASDAQ : BTDR Key Investment Highlights 14 3.0GW total power portfolio, representing one of the largest power pipelines among publicly listed compute infrastructure companies. ~3.0 GW Global Power Portfolio Executed $4.7B, 16 Year Base-term lease with Volta in Tydal, Norway in August. AI Colocation Bitdeer.AI at a $76M annualized run rate with 95% GPU utilization, expanding from Singapore into the U.S., Malaysia, and Europe. Scaling AI Cloud Platform Proprietary SEALMINER ASIC from design through deployment, with 73.0 EH/s of self-mining capacity. Vertically Integrated Bitcoin Miner
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NASDAQ : BTDR Financial Performance 15
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NASDAQ : BTDR NASDAQ : BTDR 4.6 31.1 Q2'25 Q2'26 Q2 2026 Financial Snapshot 1. “Adjusted EBITDA” is defined as earnings before interest, taxes, depreciation and amortization, further adjusted to exclude stock-based compensation expenses, share of losses from equity method investments, change in fair value of digital assets held for operation, change in fair value of digital assets - settled receivable and payable, change in fair value of digital assets - receivable, change in fair value of digital assets loan, change in fair value of derivative liabilities, net gains (losses) on disposal of property, plant and equipment and other net losses. Total revenue of $228.8 million Cost of revenue of $237.3 million Gross loss of $8.5 million Net loss of $92.3 million Adjusted EBITDA (1) of $31.1 million Cash, cash equivalents and restricted cash of $496.3 million Digital assets and digital assets - receivable of $196.9 million Financial REVENUE ADJUSTED EBITDA1 16 155.6 228.8 Q2'25 Q2'26
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NASDAQ : BTDR Appendix 17
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NASDAQ : BTDR Income Statement 18 (US $ in thousands) Three months ended Jun 30 2026 2025 Revenue 228,784 155,582 Cost of revenue (237,310) (143,601) Gross profit (loss) (8,526) 11,981 Selling expenses (2,243) (1,624) General and administrative expenses (34,314) (19,962) Research and development expenses (36,051) (20,568) Change in fair value of digital assets held for operations (4,600) 40,707 Other operating income (expenses) (15,997) (5,894) Total operating expenses (93,205) (7,341) Income (loss) from operations (101,731) 4,640 Interest income 1,397 1,145 Interest expenses (32,471) (10,731) Change in fair value of digital assets – receivable (155) - Change in fair value of digital assets loan 14,846 - Change in fair value of derivative instruments 12,988 (39,652) Foreign exchange gains (losses) (1,722) 1,846 Other net gains (losses) 4,493 (17,324) Loss before taxation (102,355) (60,076) Income tax benefit (expense) 11,707 (3,090) Share of earnings (losses) from equity method investments (1,630) 229 Net loss (92,278) (62,937) (US $ in thousands) Three months ended Jun 30 2026 2025 Net loss (92,278) (62,937) Other comprehensive loss - Foreign currency translation adjustments (630) (17) Other comprehensive loss for the period, net of tax (630) (17) Total comprehensive loss for the period (92,908) (62,954) Net loss per share (in US$) Basic (0.37) (0.32) Diluted (0.37) (0.32) Weighted average number of shares outstanding (thousand shares) Basic 246,307 193,970 Diluted 246,307 193,970
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NASDAQ : BTDR Balance Sheets 19 * Amount less than US$1,000 (US $ in thousands) Jun 30, 2026 Dec 31, 2025 ASSETS Current assets Cash and cash equivalents 456,838 149,352 Restricted cash, current 33,214 22,366 Digital assets 34,762 85,488 Digital assets – receivables from a related party 162,171 135,558 Accounts receivable 38,889 31,374 Amounts due from related parties 9,659 9,654 Prepayments and other current assets 89,892 698,291 Inventories, net - 251,999 Short-term investments 4,028 4,976 Derivative assets, current 17,011 - Total current assets 846,464 1,389,058 Noncurrent assets Restricted cash, noncurrent 6,236 6,159 Other noncurrent assets 205,262 24,681 Long-term investments, net 35,964 39,081 Operating lease right-of-use assets, net 104,055 104,725 Property, plant and equipment, net 2,098,296 1,086,275 Intangible assets, net 82,914 93,432 Goodwill 35,818 35,818 Derivative assets, noncurrent 2,506 - Deferred tax assets 28,918 8,682 Total noncurrent assets 2,599,969 1,398,853 TOTAL ASSETS 3,446,433 2,787,911 (US $ in thousands) Jun 30, 2026 Dec 31, 2025 LIABILITIES Current liabilities Accounts payable 177,263 119,818 Accrued expenses and other current liabilities 54,180 54,964 Amounts due to a related party 5,225 4,340 Income tax payables 11,926 13,355 Derivative liabilities 6,530 - Deferred revenue 55,682 64,391 Short-term borrowings 26,000 26,000 Current portion of long-term borrowings 99 13 Current portion of long-term borrowings from a related party 491,048 275,000 Current portion of operating lease liabilities 13,065 11,888 Total current liabilities 841,018 569,769 Noncurrent liabilities Other noncurrent liabilities 3,799 2,413 Deferred revenue 59,565 63,255 Long-term borrowings 1,182,454 947,183 Long-term borrowings from a related party 142,083 246,831 Operating lease liabilities 97,531 98,468 Deferred tax liabilities 17,172 11,973 Total noncurrent liabilities 1,502,604 1,370,123 TOTAL LIABILITIES 2,343,622 1,939,892 SHAREHOLDERS’ EQUITY Ordinary shares * * Treasury shares, at cost - (35,990) Additional paid-in capital 1,888,766 1,418,111 Accumulated deficit (785,961) (534,156) Accumulated other comprehensive income 6 54 TOTAL SHAREHOLDERS’ EQUITY 1,102,811 848,019 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 3,446,433 2,787,911
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NASDAQ : BTDR In evaluating the Company’s business, the Company considers and uses non-GAAP measures, adjusted EBITDA, as supplemental measures to review and assess its operating performance. The Company defines adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, further adjusted to exclude share-based compensation expense, share of losses from equity method investments, change in fair value of digital assets held for operations, change in fair value of digital assets - settled receivables and payables, change in fair value of digital assets - receivable, change in fair value of digital assets loan, change in fair value of derivative instruments, net gains (losses) on disposal of property, plant and equipment and other net gains (losses). The Company presents these non-GAAP financial measures because they are used by its management to evaluate its operating performance and formulate business plans. The Company also believes that the use of these non-GAAP measures facilitate investors’ assessment of its operating performance. These measures are not necessarily comparable to similarly titled measures used by other companies. As a result, investors should not consider these measures in isolation from, or as a substitute analysis for, the Company’s loss for the periods, as determined in accordance with GAAP. The Company compensates for these limitations by reconciling these non-GAAP financial measures to the nearest GAAP performance measure, all of which should be considered when evaluating its performance. The Company encourages investors to review its financial information in its entirety and not rely on a single financial measure. The following table presents a reconciliation of loss for the relevant period to adjusted EBITDA for the three months ended June 30, 2026, and 2025. Use of Non-GAAP Financial Measures Adjusted EBITDA Reconciliation 1. In the three months ended June 30, 2026, we recorded other net gains of US$4.5 million, primarily comprising US$4.3 million of compensation received from insurance. In the three months ended June 30, 2025, we recorded other net losses of US$17.3 million, primarily a US$16.2 million loss on extinguishment of the convertible senior notes. 20 (US $ in thousands) Three months ended Jun 30 2026 2025 Adjusted EBITDA Net loss (92,278) (62,937) Add： Depreciation and amortization 107,729 22,848 Income tax (benefit) expense (11,707) 3,090 Interest income (1,397) (1,145) Interest expenses 32,471 10,731 Share-based compensation expense 6,398 10,170 Share of (earnings) losses from equity method investments 1,630 (229) Change in fair value of digital assets held for operations 4,600 (40,707) Change in fair value of digital assets-settled receivables and payables (1,409) 5,741 Change in fair value of digital assets - receivable 155 - Change in fair value of digital assets loan (14,846) - Change in fair value of derivative instruments (12,988) 39,652 Net losses on disposal of property, plant and equipment 17,240 67 Other net (gains) losses(1) (4,493) 17,324 Total of Adjusted EBITDA 31,105 4,605
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