From GlobeNewswire: 2025-02-25 07:00:00

Bitdeer Technologies Group released unaudited Q4 2024 financial results, showing total revenue of US$69.0 million, a decrease from US$114.8 million in Q4’23. Gross profit was US$5.1 million, down from US$27.0 million. Net loss was US$531.9 million compared to US$5.0 million. Cash and cash equivalents were US$476.3 million with US$77.5 million in crypto balance as of December 31, 2024.

Bitdeer plans to enhance self-mining operations in 2025, with a target of approximately 40 EH/s by Q4. The company aims to increase its self-mining hashrate by energizing mass production SEALMINER A1s and A2s. Additionally, Bitdeer is advancing the development of 3rd and 4th generation energy-efficient chips to solidify its position in the ASIC market.

Bitdeer’s global power capacity now exceeds 2.6 GWs, with plans to energize over 1 GW in 2025. The company is actively working to establish partnerships for AI datacenters. In Q4 2024, Bitdeer recorded a net loss of US$531.9 million and negative adjusted EBITDA of US$3.8 million. The CEO, Jihan Wu, has entered into a trading plan to sell 4,000,000 ordinary shares starting in March 2025.



Read more at GlobeNewswire:: Bitdeer Reports Unaudited Financial Results for the Fourth