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BTC$73,9430.45%ETH$2,0581.80%SOL$83.721.12%BNB$6820.94%XRP$1.062.05%TON$1.199.72%BTC$73,9430.45%ETH$2,0581.80%SOL$83.721.12%BNB$6820.94%XRP$1.062.05%TON$1.199.72%BTC$73,9430.45%ETH$2,0581.80%SOL$83.721.12%BNB$6820.94%XRP$1.062.05%TON$1.199.72%
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Bitdeer revenue rises 89% to $320.7 million, but company posts a loss

The company’s reported AI cloud backlog reached about $2.9 billion

№ 1755Published 1 min read

Unconfirmed information: this report has not yet been verified by independent sources.

Bitdeer reported revenue of $320.7 million for the third quarter, up 89% year over year. The company nevertheless recorded a GAAP net loss of about $125.5 million.

NewsBTC reports that Bitdeer’s reported AI cloud services backlog reached about $2.9 billion. This amount relates to future services and does not mean the company has already received those funds or recognized them as revenue.

Bitdeer produced 3,855 BTC during the quarter and held 47 BTC at period-end. Cash, cash equivalents and restricted cash totaled about $213.7 million.

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Bitdeer: $320.7M revenue and $125.5M loss | $uicideChain