Bitdeer's Q2 revenue was a record $155.6 million, marking a 57% year-over-year and 122% sequential increase, driven by external hardware sales. A key driver of top-line growth was $69.5 million in revenue from the external sale of proprietary SEALMINER A2 rigs, proving the vertical integration thesis is working. The headline net loss of $147.7 million was largely driven by non-cash, fair value ...
- Q2 revenue of $155.6 million up 56.8% year-over-year and 121.9% sequentially- $69.5 million revenue from external sale of SEALMINER A2s- On track to achieve 40 EH/s of self-mining by end of October and exceed 40 EH/s by year-end- Entered into advanced negotiations with a development partner regarding Clarington, Ohio site for HPC/AI.
- Joined the Russell 2000® and 3000® Indexes as of June 30, 2025- SEALMINER A3 series almost ready for mass production- Increased self-mining hashrate by 21% to 16.5 EH/s on continued deployment of SEALMINERs
SINGAPORE, July 01, 2025 (GLOBE NEWSWIRE) -- Bitdeer AI, part of Bitdeer Technologies Group (NASDAQ: BTDR) and a fast-growing AI neocloud platform, is proud to announce that it has been presented with the MLOps Innovation Award by AI Breakthrough. The 2025 AI Breakthrough Awards, now in their eighth year, are presented by AI Breakthrough, a leading market intelligence organization that recogniz...
Bitdeer Technologies Group shares were 7% lower, at $11.85, after the company priced $330 million of 4.875% convertible senior notes due 2031 in a private placement.
SINGAPORE, June 18, 2025 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for Bitcoin mining, today announced the pricing of US$330.0 million principal amount of 4.875% Convertible Senior Notes due 2031 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional b...
Bitdeer Technologies Group shares dropped in late trading after the Bitcoin mining technology company said it plans to offer $300 million of convertible senior notes.
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