Core Insights - Bitdeer Technologies Group reported significant operational updates for September 2025, highlighting advancements in self-mining, chip development, and expansion into HPC/AI data centers [1][2]. Operational Update - The company increased its self-mining hashrate to 35.0 EH/s, with a target of reaching 40 EH/s by the end of October 2025, marking a 20.5% increase in Bitcoins mined to 452 compared to August 2025 [5][10]. - Mass production of the SEALMINER A3 series has commenced, with initial shipments expected in October 2025 [5][9]. - The first design of SEAL04 chips has been taped out, demonstrating sub-10 J/TH efficiency in initial testing, with plans for mass production [5][9]. Mining Rig Manufacturing and R&D - A total of 34.2 EH/s in mining rigs have been manufactured, with 6.1 EH/s shipped to external customers and 22.6 EH/s deployed for self-mining [5][10]. - The SEALMINER A3 series includes models with power efficiencies ranging from 12.5 J/TH to 14 J/TH and hashrates from 260 TH/s to 660 TH/s [5][9]. Infrastructure Development - The company is expanding its HPC/AI strategy, with a focus on the Clarington, Ohio site, which will have 570 MW of electrical capacity available by the end of Q3 2026 [7][8]. - Bitdeer plans to convert its Tydal Phase 2 site into an AI data center by Q4 2026, with minimal impact on current mining operations [8][9]. - The total global power pipeline has increased to 3 GW, with various sites under construction or in planning stages [8][10]. Financial Outlook - Bitdeer anticipates that by the end of 2026, it could generate an annualized revenue run-rate exceeding US$2 billion from its AI factory operations [8][9]. - The company's neo cloud business, Bitdeer.AI, achieved US$8 million in AI cloud ARR in September 2025, with significant growth expected [8][9].