Bitdeer's Q3 Loss, Revenue Surge, & AI Shift
Update: 2025-11-11
Description
Bitdeer Technology Group, a Bitcoin mining company, reported a significant net loss of $266.7 million in Q3 2025, a 422% decline from the previous year. Despite this, the company nearly tripled its revenue to $169.7 million, beating Zacks forecast. The stock closed down 20% following the report, marking a 21% year-to-date loss. However, CBO Matt Kong expressed optimism, highlighting the companys strategic shift towards high-powered computing and AI to meet global demand.
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