Strong Revenue Growth, But Net Losses Mount

[cryptoenthusiast]

Bitdeer reported Q3 revenue of $169.7 million, up 174% year-over-year, and adjusted EBITDA of $43 million, reflecting higher Bitcoin production and self-mining efficiency gains. Despite this, the company posted a $266.7 million net loss, mainly due to non-cash revaluation losses on convertible debt and elevated operational expenses. Investor sentiment quickly turned, driving shares down nearly 30%.

[alex10]

Classic growth-phase dilemma — top line shines, bottom line bleeds.

[Abdul Khan]

Investors want profitability signals now, not just hype metrics. 🧾