Slide 1: Q4’25 Supplemental Investor Presentation
Q4’25 Supplemental Investor Presentation A leading tech company for the blockchain & accelerated compute communities February 2026 NASDAQ: BTDR
Slide 2: Disclaimer & Forward-Looking Statements
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 present
Slide 3: Q4’25 Financial & Operational Highlights
Q4’25 Financial & Operational Highlights Financial Revenue • Total revenue of $224.8M • Gross profit of $10.6M • R&D and SG&A of $66.3M $224.8M • Net profit after tax of $70.5M • Adjusted EBITDA of $31.2M $69.0M • Cash and cash equivalents of $149.4M • Crypto and crypto receivable balance of $218.6M
Slide 4: Q4’25: Inflection Point for Growth
Q4’25: Inflection Point for Growth Self-mining Hosting Sale of SEALMINERs • Significant increase in self-mined BTCs, benefiting from higher • Relatively stable hash rate capacity • 1.8 EH/S of mining rigs sold in Q4 for $23.4 million revenue hash rate from energization of SEALMINERs Hash rate 63.2 H
Slide 5: Adjusted EBITDA
Adjusted EBITDA 1 The sequential decline was primarily driven by higher energy costs and elevated operating expenses from recent headcount additions and year-end activities, partially offset by the higher revenue. ($ mm) 94.1 1 93.5 1 BTC halving First A4 37.4 1 39.6 1 chips tape SEAL-DL1 out 31.2 t
Slide 6: Bitdeer.AI® - From Cloud Computing to Co-Location
Bitdeer.AI® - From Cloud Computing to Co-Location Bitdeer has two primary business models in HPC / AI Cloud Service Provider Co-Location Services Datacenter & GPU Deployment Rack-Ready Datacenter Contract Duration: 0.5 – 5 Years Contract Duration: 10 – 20 Years CapEx / MW(1) : $29mm - $33mm CapEx /
Slide 7: Bitdeer Pipeline Overview | Clarington, OH
Bitdeer Pipeline Overview | Clarington, OH Site Location Key Figures 570 MW Q3 2026 Total Capacity Power Ready Timing Summary Tier (Type) Target: Tier 3 (Turn-Key) Leased from the Monroe County Port Authority (MCPA) Land Status through 2095 Utility BTDR tracts denoted AEP Ohio (PJM) Counterpart in g
Slide 8: Bitdeer Pipeline Overview | Tydal, Norway
Bitdeer Pipeline Overview | Tydal, Norway Site Location Key Figures 225 MW Now Total Capacity Energization Timing Summary Target: Tier 3 (Turn-Key) Tier (Type) Current: Bitcoin Mining Land Status Owned Utility Tensio Counterpart Historical All-in: $46 / MWh2 Site Highlights [63.031772, 11.687045] Po
Slide 9: Bitdeer Pipeline Overview | Wenatchee, WA
Bitdeer Pipeline Overview | Wenatchee, WA Site Location Key Figures 13 MW Now Total Capacity Energization Timing Summary Target: Tier 3 (Turn-Key) Tier (Type) Current: Bitcoin Mining Land Status Owned Utility Douglas County PUD Counterpart Historical All-in: $71 / MWh2 Site Highlights [47.4141246780
Slide 10: Bitdeer Pipeline Overview | Knox County, TN – Phase 1
Bitdeer Pipeline Overview | Knox County, TN – Phase 1 Site Location Key Figures 37 MW Now Total Capacity Energization Timing Summary Target: Tier 3 (Turn-Key) Tier (Type) Current: Bitcoin Mining Land Status Owned Utility Knoxville Utility Board (TVA) Counterpart Historical All-in: $44 / MWh2 Site Hi
Slide 11: 1.7 GW Existing Capacity and Secured 3.0 GW
1. 7 GW Existing Capacity and Secured 3.0 GW Globally distributed data centers ensure a stable power supply HPC Texas US Ohio US Tennessee US Oromia Region Tydal Norway Molde Norway 563 MW 47 MW 86 MW Ethiopia 225 MW 84 MW 9 BTC 179 MW* 1,044 MW* 40 MW 20 MW* Data Centers Hashing DGX SuperPOD 1. 7 G
Slide 12: Global Scale with Strong Power Pipeline
Global Scale with Strong Power Pipeline 2.0 GW of power capacity will be online by Q4 20261 Site / Location Capacity (MW) Status Datacenter Type Timing1 Electrical capacity Completed Pipeline - Rockdale, Texas 563 Online Crypto / Evaluating AI Completed Crypto converting to AI - Knoxville, Tennessee
Slide 13: ASIC Market TAM Opportunity
ASIC Market TAM Opportunity Market for ASICs will grow due to efficiency upgrades and new infra ASIC Revenue TAM Total Hash Rate Sold ‘25-’27, $B Assuming 1,250 EH sold at average $17/TH by 2028 750 EH 1,000 EH 1,250 EH 1,500 EH 1,750 EH $15.0/TH $ 11.25 $ 15.00 $ 18.75 $ 22.50 $ 22.50 ASIC Sale Pri
Slide 14: Thank You
Thank You | é> BITDEER
Slide 15: Income Statement
Income Statement Three m onths ended Yea rs ended Decem ber 31, Decem ber 31, ( US $ in thousa nds) 20 25 20 24 20 25 20 24 Revenue 1 224 ,835 69,0 18 620 ,253 34 9,782 Cost of revenue ( 214,265) ( 63,919) ( 559,261) ( 283,382) Gross profit 10 ,5 70 5 ,0 99 60 ,992 66,4 00 Selling exp enses ( 2,364)
Slide 16: Balance Sheet
Balance Sheet As of Decem ber 31, As of Decem ber 31, ( US $ in thousa nds) 20 25 20 24 As of Decem ber 31, As of Decem ber 31, LIABILITIES ( US $ in thousa nds) 20 25 20 24 Current lia bilities ASSETS Tra d e p a ya b les 119,818 31,471 Current a ssets Other p a ya b les a nd a cc rua ls 54,655 40,
Slide 17: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation Use of Non-IFRS Financial Measures In evaluating the Company’s business, the Company considers and uses non-IFRS measures, adjusted EBITDA, as supplemental measures to review and assess its operating performance. The Company defines adjusted EBITDA as earnings before i