**Bitdeer Technologies Reports Strong Q3 Revenue, Expands AI Business**
Bitdeer Technologies, a leading company in Bitcoin and AI infrastructure, reported robust financial results for Q3, with revenue reaching $169.7 million. This figure surpassed analyst expectations, highlighting the company’s solid performance amid evolving market dynamics.
A key highlight of Bitdeer’s latest quarter is its strategic focus on growing its AI business segment. The company is actively diversifying beyond its traditional blockchain operations, signaling a commitment to high-performance computing and future-ready technologies.
Financially, Bitdeer showcased a significant turnaround by reversing a loss of $7.9 million from the previous year to achieve $43 million in adjusted EBITDA. Gross profit also improved, reaching $40.8 million, supported by stronger self-mining performance.
Despite reporting a net loss of $266.7 million—largely driven by non-cash derivative adjustments—the company maintains a healthy liquidity position. As of the end of the quarter, Bitdeer held $196 million in cash alongside $246 million in crypto assets.
Overall, Bitdeer Technologies continues to position itself at the intersection of blockchain and AI, leveraging its expertise to capitalize on shifting demands within the high-performance computing landscape. The company’s ongoing expansion in AI infrastructure underlines its commitment to innovation and long-term growth.
https://bitcoinethereumnews.com/bitcoin/bitcoin-miner-bitdeer-reports-169-7m-revenue-beat-in-q3-earnings/