Bitdeer Earnings Reports

Bitdeer generated $155.6M in revenue during Q2 2025, boosted by self-mining and the external sale of SEALMINER units. The company incurred a net loss of $147.7M, primarily due to non-cash charges. Adjusted EBITDA was $17.3M, and the company ended the quarter with nearly $300M in cash.

Bitdeer posted a net income of $409.5M in Q1 2025, primarily due to a large non-cash gain from derivative liabilities. Core operations struggled post-Bitcoin halving, with lower revenue, a negative gross profit, and an adjusted EBITDA loss.

Bitdeer Technologies Group reported a total revenue of $368.6 million for the full year 2023, an increase from $333.3 million in 2022. The company achieved an adjusted EBITDA of $100.3 million, up from $93.2 million in the previous year, but recorded a net loss of $56.7 million. The increase in revenue was primarily driven by growth in self-mining and hosting businesses, while Cloud Hash Rate revenue decreased.

Bitdeer's Q3 2024 performance saw a significant decrease in total revenue and a net loss, primarily due to the impact of the 2024 halving, increased global hash rate, and higher R&D costs. Despite these challenges, the company made substantial progress in commercializing its SEALMINER mining rigs and expanding its infrastructure.

Bitdeer reported a total revenue of $99.2 million and a gross profit of $24.4 million for Q2 2024. The company achieved an adjusted EBITDA of $24.9 million, marking a 33.2% year-over-year increase. Despite significant growth in global network hashrate and the April 2024 halving, Bitdeer demonstrated the strength of its differentiated strategy and commitment to technology and innovation.

Bitdeer Technologies Group achieved a total revenue of $119.5 million in Q1 2024, a 64.6% increase year-over-year, and reported a net income of $0.6 million, a significant improvement from a net loss in the prior year. This growth was primarily driven by increased self-mining hash rate and Bitcoin production, alongside higher average Bitcoin prices.

Bitdeer delivered a robust performance in Q3 2023, with total revenue increasing by 14% year-over-year to $87.3 million and adjusted EBITDA surging by 222% to $28.0 million. The company also significantly reduced its net loss from $22.1 million in Q3 2022 to $1.8 million in Q3 2023, driven by increased self-mining hash rate and Bitcoin production.