Key Takeaways
- Bitdeer Technologies reported Q3 revenue of $169.7 million, beating analyst expectations.
- The company is aggressively growing its AI business segment, signaling diversification beyond blockchain.
Bitcoin and AI infrastructure company Bitdeer Technologies reported $169.7 million in revenue for Q3, exceeding analyst expectations. The company has been emphasizing growth in its AI operations as part of recent quarterly reporting.
Bitdeer reversed a loss of $7.9 million last year with $43 million in adjusted EBITDA. Gross profit reached $40.8 million on stronger self-mining performance. Despite a net loss of $266.7 million driven by non-cash derivative adjustments, the company ended the quarter with $196 million in cash and $246 million in crypto assets.
Bitdeer continues to position itself in high-performance computing amid shifting blockchain demands, focusing on AI business expansion alongside its traditional blockchain operations.
Source: https://cryptobriefing.com/bitdeer-technologies-q3-earnings-ai-expansion/
