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Bitdeer reports $50 million loss due to Bitcoin halving, increased R&D costs – TON BOT

Bitdeer reports $50 million loss due to Bitcoin halving, increased R&D costs

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Bitdeer Technologies reported a net loss of $50.1 million in the third quarter of 2024, with revenue declining to $62 million. The company attributed the decrease to the Bitcoin halving, global hash rate, hosting revenue, and R&D expenses. Despite losses, cash and equivalents rose to $291.3 million. Bitdeer launched the second-generation SEALMINER A2 mining machine series and expanded its Cloud HPC and AI business. The total hash rate under management decreased to 17.1 EH/s. The company is committed to expanding its self-mining hash rate and global infrastructure.

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