Bitdeer Reported Unaudited Financial Results for the Third Quarter of 2024
Bitdeer Technologies Group (BTDR)
Company Research
Source: GlobeNewswire
SINGAPORE, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today released its unaudited financial and operational results for the third quarter ended September 30, 2024. Q3 2024 Financial Highlights Total revenue was US$62.0 million, compared to US$87.3 million in Q3 2023.Cost of revenue was US$59.2 million, compared to US$66.2 million in Q3 2023.Gross profit was US$2.8 million, compared to US$21.1 million in Q3 2023.Net loss was US$50.1 million, compared to US$1.8 million in Q3 2023.Adjusted EBITDA1 was negative US$8.5 million, compared to US$28.0 million in Q3 2023.Cash and cash equivalents were US$291.3 million as of September 30, 2024. Management Commentary “This quarter marked a foundational period for Bitdeer, focused on the advancements of our key technological and strategic initiatives,” stated Matt Kong, Chief Business Offic
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- Bitdeer Technologies Group (NASDAQ: BTDR) had its price target raised by analysts at B. Riley from $15.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
- Bitdeer Technologies Group (NASDAQ: BTDR) had its price target raised by analysts at Roth Mkm from $15.00 to $29.00. They now have a "buy" rating on the stock.MarketBeat
- Bitdeer Technologies Group (NASDAQ: BTDR) had its price target raised by analysts at Benchmark Co. from $16.00 to $29.00. They now have a "buy" rating on the stock.MarketBeat
- Bitdeer Technologies Group (NASDAQ: BTDR) had its price target raised by analysts at Rosenblatt Securities from $17.00 to $22.00. They now have a "buy" rating on the stock.MarketBeat
BTDR
Earnings
- 11/18/24 - Miss
BTDR
Sec Filings
- 12/19/24 - Form EFFECT
- 12/11/24 - Form F-3
- 12/11/24 - Form 6-K
- BTDR's page on the SEC website