Bitcoin miner Bitdeer unlocks a $1B cash tap that dilutes shareholders by up to 30% to build its AI empire

Aug. 11, 2026 at 9:15 pm GMT • 2 min read 01 The filing creates equity capacity equal to twice the roughly $500 million still needed for Tydal. 02 At $10.88, a full sale would add about 91.9 million shares, or 28.8% of the enlarged Class A pool. 03 Tydal targets Phase 1 for Dec. 31, 2026, while tenant credit support remains subject to conditions.Bitdeer’s existing at-the-money program could raise up to $1 billion through Class A share sales, about twice the roughly $500 million the Bitcoin miner says it still needs to build its Tydal AI data center.Its latest prospectus supplement filed Aug. 10 sets no minimum sale amount, however, and does not commit the company to sell the full authorization or spend all of it on Tydal.At the filing’s illustrative price of $10.88, a full draw on Bitdeer’s $1 billion ATM capacity would require about 91.9 million new shares. That issuance would equal 40.4% of the 227.4 million Class A shares outstanding on June 30.After simply adding the new shares, they would make up about 28.8% of the enlarged Class A pool, the more direct ownership-dilution measure for existing holders. The scenario is price-dependent and is not a forecast; it is also distinct f...