Bitcoin miner Bitdeer's Q3 revenue jumps 174% as firm adds over 500 BTC
The company posted a net loss of $266.7 million after having to book a loss associated with some convertible senior notes.
Bitcoin miner Bitdeer Technologies Group (ticker BTDR) reported major increases across both revenue and gross profit for the third quarter of this year.
The company reported total revenue of $169.7 million compared to $62.0 million a year ago, translating into a 173.6% increase year-over-year, Bitdeer said Monday in a statement. Gross profit jumped to $40.8 million versus $2.8 million in Q3 2024.
Despite the major increases, however, Bitdeer posted a net loss of $266.7 million after having to book a loss associated with some convertible senior notes.
More and more big mining companies coming to play. I am pretty deep into RIOT as far as options trading goes, other than that, I am building the Logical Mining Co! LOL, but it's primarily $XMR Give me that #privacy coins mined on CPUs.