Bitdeer Reports Q1 Revenue Jump of 170% Amid Widening Net Loss
Bitdeer (NASDAQ: BTDR) reported a significant increase in first-quarter revenue to $188.9 million, up from $70.1 million year-over-year, but the company's net loss widened to $159.5 million compared to a prior-year gain of $205 million due to derivative liabilities. Despite higher costs and interest expenses, adjusted EBITDA improved to positive $14.4 million.
Tickers: $BTDR
Topics: AI Cloud business mining operations net loss revenue