THE BLOCK · 2026-11-10 14:26 UTC

Bitdeer reports record Q3 revenue as net loss widens to $125.5 million

Bitdeer reported record Q3 revenue of $320.7 million, up 89% from a year earlier, driven by expanded mining and higher AI cloud revenue. Net loss widened to $125.5 million from $30.1 million, including a non-cash $54.6 million charge tied to fair value changes of a digital-asset loan. Mined 3,855 BTC in the quarter versus 1,109 BTC a year earlier; AI cloud revenue rose to $20.4 million with a backlog of about $2.9 billion.

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