Bitdeer taps former Corsair Gaming and semiconductor exec Michael Potter as CFO

Bitdeer said on Wednesday that its Chief Financial Officer, Jianchun Liu, will step down at the end of June and transition into an advisor role, with veteran technology finance executive Michael Potter set to take over.

Potter previously served as the CFO of gaming hardware manufacturer Corsair Gaming between 2019 and 2025, where he helped lead the company's 2020 IPO and oversaw capital markets transactions, according to a filing.

Before Corsair, Potter held senior roles across the tech and semiconductor industry, including at Lattice Semiconductor, Honeywell, NeoPhotonics, and STATS ChipPAC. 

The filing said Liu resigned for personal reasons and that he would remain with the company as a principal advisor after the transition.

Bitdeer shares (BTDR) were down about 3% in early trading, though the stock remains near six-month highs, according to The Block data.

Bitdeer going hybrid

The leadership change comes as Bitdeer expands beyond its core bitcoin mining business and scales up investments and efforts tied to artificial intelligence and cloud computing infrastructure.

Bitdeer has leaned heavily into AI infrastructure branding in recent quarters, with earnings reports emphasizing GPU cloud services, high-performance compute, and colocation alongside bitcoin mining. In its latest quarterly report earlier this month, Bitdeer described itself as a "technology company for AI and Bitcoin mining infrastructure."

The company said its annualized AI cloud revenue recently reached nearly $70 million, while GPU deployments climbed over 4,100 units with more than 90% utilization, according to a recent analyst note from Benchmark.

Bitdeer has also put a focus on its roughly 3 gigawatts of global power capacity across sites in the U.S., Norway, Bhutan, Ethiopia, Canada, and Malaysia. Several of these facilities tied to crypto mining are being reevaluated to be converted for AI cloud and colocation workloads, according to the Q1 filing. That includes Bitdeer’s Tydal project in Norway, which management has said is expected to become the country’s largest operational AI data center upon completion.

But for now, self-mining remains the company’s dominant business line, generating $146.9 million of total quarterly revenue.