Bitdeer Q1 revenue falls more than 40% year-over-year

Bitdeer clocks declining year-over-year revenues in Q1 - Invest In Crypto News

Bitdeer Technologies Group reported a 41% year-over-year drop in revenue to $70.1 million for the first quarter of 2025, the Bitcoin miner said on May 15.  The Singaporean company clocked an operating loss of $3.2 million for the quarter, down from a $34.1 million profit during the same period last year, its earnings release said.  However, Bitdeer reported a Q1 net income of more than $400 million, largely driven by gains on convertible notes a…

Bitdeer Q1 Earnings Review: Ambition Meets Execution Risk

Summary Bitdeer's vertical integration and proprietary SEALMINER line set it apart, but Q1 results highlight margin pressure and significant cash burn. The company is aggressively pivoting to HPC/AI and scaling SEALMINER deployment, but execution risk has increased and efficiency lags peers. Liquidi...

Bitcoin Mining Company Bitdeer Posts $409M Net Income in Q1 2025 Despite Revenue Decline

While revenue and gross profit both declined sharply year-over-year, the company reported a surprising net income of $409.5 million, largely attributed to non-operating gains. Q1 2025 Key Financial Metrics (YoY Comparison) Revenue: $70.1 million (down from $119.5 million) Cost of Revenue: $73.4 million (down from $85.4 million) Gross Profit: -$3.2 million (compared to $34.1 million) Net Income: $409.5 million (up from $0.6 million) Adjusted EBI…

Bitdeer Q1 Report: Revenue Down, Net Income Surges - Blockchain & Cryptocurrencies Tabloid

Bitdeer's Q1 report shows a 41.3% revenue drop but a net income surge due to derivative gains. The post Bitdeer Q1 Report: Revenue Down, Net Income Surges appeared first on Blockchain & Cryptocurrencies Tabloid.

Bitdeer sees over 40% drop in Q1 revenue compared to last year

The first-quarter revenue of Bitdeer has dropped by 40% compared to the previous year. The decline can be attributed to various factors affecting the cryptocurrency mining industry, such as market fluctuations and regulatory changes. Despite this decrease, Bitdeer remains committed to providing efficient and reliable mining services to its customers. Cryptocurrency mining is a complex and volatile industry that is constantly evolving. Bitdeer un…

Bitdeer Q1 revenue falls more than 40% year-over-year

Bitdeer Technologies Group clocked a 41% year-over-year drop in revenue to $70.1 million for Q1 2025.