The post Bitdeer revenue surges 173% on self-mining boom, but stock drops on Bitcoin weakness appeared on BitcoinEthereumNews.com.

Crypto mining and AI cloud company Bitdeer said on Monday it pulled in $169.7 million in revenue for the third quarter of 2025, representing a 173% surge compared to the same quarter last year. Bitdeer’s revenue beat was powered by rising Bitcoin prices and a huge increase in its self-mining output, according to the earnings report. Despite the top-line growth, Wall Street didn’t react kindly. Bitdeer’s stock (BTDR) dropped more than 9% on Monday morning, with analysts pointing fingers at a softening in Bitcoin’s price that spooked investor sentiment. Bitdeer also logged a net loss of $266.7 million for the quarter, which is more than five times the $50.1 million loss it posted last year. But the company’s adjusted EBITDA did turn positive, hitting $43 million, which is a complete 180 from the $7.9 million adjusted loss in Q3 2024, thanks to a combination of stronger operational efficiency and higher mining capacity. Bitdeer’s self-mining output surges, cloud contracts phased out Revenue from self-mining alone exploded to $130.9 million, up from $31.5 million a year earlier. Bitdeer mined 1,109 Bitcoins during Q3, more than doubling its 511 BTC output from the same time last year. The company completely wound down its Cloud Hashrate contracts, which used to bring in $7.1 million, and instead reallocated that hardware to its in-house mining fleet, boosting efficiency. As of September 30, Bitdeer held $196.3 million in cash and equivalents, alongside $246.2 million worth of cryptocurrency on its books. But costs followed revenue, so Bitdeer’s operating expenses surged by 41% year-over-year, hitting $60.5 million, as the company scaled up infrastructure. Research and development expenses jumped to $39.1 million, from $24.8 million, due to active work on the SEAL04 chip, Bitdeer’s next-generation ASIC miner. By the end of October, Bitdeer said it had hit 41.2 EH/s (exahash…

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Filed under: News - @ November 10, 2025 7:31 pm