Bitdeer’s Q3 revenue soars 174% year-on-year, bitcoin holdings surpass 2,000
PANews, November 10 – According to The Block, bitcoin mining company Bitdeer Technologies (NASDAQ: BTDR) released its Q3 2025 financial report, with revenue reaching $169.7 million, a year-on-year increase of 173.6%. Gross profit rose to $40.8 million, up from $2.8 million in the same period last year.
Although the company reported a net loss of $266.7 million due to losses from convertible bonds, adjusted EBITDA reached $43 million. During the reporting period, Bitdeer added approximately 527 BTC, increasing its holdings from 1,502 to 2,029 BTC, valued at about $214 million at current prices. The company’s proprietary computing power has reached 41.2 EH/s, and it stated that the new generation SEAL04 chip achieved an energy efficiency of 6–7J/TH in testing, laying the foundation for future capacity expansion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
With CoreWeave fueling the AI frenzy, can Nebius (NBIS.US) defend the AI computing power rally with explosive performance?
At Wednesday’s US stock market close, strong earnings reports and financing plans from CoreWeave drove collective gains in the storage chip, AI chip, optical interconnect, and new cloud sectors. CoreWeave and Nebius surged by approximately 24.7% and 15.4%, respectively. However, after the bell, media reports regarding another extramarital affair involving Jensen Huang and discussions by the board about his tenure caused Nvidia to drop more than 8%, putting pressure on the prices of most AI computing power-related stocks.
Morgan Stanley: The expansion value of BHP South Australia copper mine is still underestimated, on-site inspection may become a catalyst for revaluation, “Overweight” rating maintained.
Morgan Stanley released a research report, maintaining an "Overweight" rating on BHP Group Limited (Australian shares) and a target price of 68 AUD.
Deutsche Bank remains bullish on Palo Alto Networks (PANW.US) ahead of earnings: Q1 results expected to be solid, platform advantages will help expand market share.
Deutsche Bank's latest research report predicts that Palo Alto Networks will deliver solid performance in the first quarter, with all key metrics exceeding market expectations, although the margin of outperformance may narrow compared to the previous quarter.
On the eve of Anthropic (ANT.US) IPO: $19 billion in passive buying on the way, will “SpaceX-style” index arbitrage be repeated?
From SpaceX to Anthropic: Giant new listings adopt a new approach.
Crypto prices
More
