Bitdeer Reports Widened Q3 Net Loss of $125.5 Million Amid Revenue Growth

Bitdeer Technologies Group posted an expanded third-quarter net loss of $125.5 million, up from $30.1 million a year earlier, despite strong revenue growth across its operations. The wider loss was driven by a $54.6 million non-cash loss from fair value adjustments on digital asset loans, alongside higher depreciation and energy costs. Reports on quarterly revenue differed, citing either $169.7 million (up 174%) or a record $320.7 million (up 89%), with adjusted EBITDA reported between $43 million and $69.6 million. Bitdeer expanded its Bitcoin treasury 35% quarter-over-quarter to 2,029 BTC after mining 1,109 BTC.