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Stock impact report

Bitdeer Reports Unaudited Financial Results for the Fourth Quarter and Full Year of 2024

Bitdeer Technologies Group - Ordinary Shares (BTDR) 
Company Research Source: GlobeNewswire
SINGAPORE, Feb. 25, 2025 (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 results for the fourth quarter ended December 31, 2024. Q4 2024 Financial HighlightsAll amounts compared to Q4’23 unless otherwise noted Total revenue was US$69.0 million vs. US$114.8 million.Cost of revenue was US$63.9 million vs. US$87.8 million.Gross profit was US$5.1 million vs. US$27.0 million.Net loss was US$531.9 million vs. US$5.0 million.Adjusted EBITDA1 was negative US$3.8 million, vs. positive US$33.32 million.Cash and cash equivalents were US$476.3 million as of December 31, 2024.Crypto balance: US$77.5 million as of December 31, 2024. Management Commentary “Last year, we strategically prioritized resources to the development of our proprietary ASIC technology, which temporarily limited our hashrate growth and impacted our financial Show less Read more
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