Bitdeer Technologies Group (BTDR) Stock: Drops as Q2 Loss Widens Despite 47% Revenue Growth

TLDR

• Bitdeer stock drops 19.23% after its Q2 net loss widens further to $92.3 million.
• Bitdeer Q2 revenue jumps 47% to $228.8 million as self-mining income surges.
• Bitdeer mines 2,694 BTC as managed hash rate climbs sharply above 86.1 EH/s.
• Adjusted EBITDA rises to $31.1 million despite sharply higher operating costs.
• Bitdeer expands AI infrastructure while total borrowings reach $1.8 billion.

Bitdeer Technologies Group (BTDR) shares fell 19.23% to $8.79 after the company reported a wider second-quarter loss. Revenue rose 47% year over year, but higher mining costs erased that growth at the gross level. The company also expanded mining output and AI infrastructure while carrying a larger debt load.

Bitdeer Technologies Group, BTDR

Revenue Growth Fails To Prevent Wider Loss

Bitdeer reported second-quarter revenue of $228.8 million, up from $155.6 million one year earlier. A sharp increase in deployed hash rate supported $168.4 million in self-mining revenue. Co-mining added $25.0 million, while AI Cloud revenue climbed to $14.0 million.

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