đ Bitdeer posts record $320.7M revenue, but net loss widens to $125.5M
Bitcoin miner Bitdeer reported record third-quarter revenue of $320.7 million, up 89% year over year, as mining output and AI cloud sales grew. Its net loss still widened to $125.5 million from $30.1 million, including a non-cash $54.6 million charge tied to a digital-asset loan.
The company mined 3,855 BTC in the quarter, up from 1,109 a year earlier, but held just 47 BTC as of Sept. 30 versus 2,029 BTC a year before. AI cloud revenue jumped to $20.4 million, with a backlog of about $2.9 billion.
â Miners selling nearly all the BTC they produce adds steady supply to the market, while the pivot to AI computing shows how the sector is hedging against thinner mining margins.
#Bitdeer #Bitcoin #BTC #Mining #AI
Bitcoin miner Bitdeer reported record third-quarter revenue of $320.7 million, up 89% year over year, as mining output and AI cloud sales grew. Its net loss still widened to $125.5 million from $30.1 million, including a non-cash $54.6 million charge tied to a digital-asset loan.
The company mined 3,855 BTC in the quarter, up from 1,109 a year earlier, but held just 47 BTC as of Sept. 30 versus 2,029 BTC a year before. AI cloud revenue jumped to $20.4 million, with a backlog of about $2.9 billion.
â Miners selling nearly all the BTC they produce adds steady supply to the market, while the pivot to AI computing shows how the sector is hedging against thinner mining margins.
#Bitdeer #Bitcoin #BTC #Mining #AI
