Bitdeer Technologies Reports Record Q3 Revenue Growth and Positive Gross Profit
Bitdeer Technologies Group (BTDR) reported record-breaking financial results for the third quarter, highlighted by an 89% year-over-year increase in revenue to $320.7 million. The company achieved a significant turnaround as gross profit turned positive and adjusted EBITDA more than doubled compared to the previous quarter. Looking ahead, Bitdeer is managing its capital expenditure strategically, targeting crypto mining infrastructure capex at or below $200 million. Additionally, the company confirmed that the first phase of its Tydal project remains on schedule for delivery by the end of the year.
Tickers: $BTDR
Topics: EBITDA Gross Profit Quarterly Earnings Revenue Growth
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