Bitdeer reports H1 revenue of $417.7 million and net loss of $251.8 million

Source: PANews2026/09/30 10:35

Analysis

Bitdeer's swing from $42.38 million net income to a $251.8 million net loss shows how quickly mining economics can invert even as revenue nearly doubled to $417.7 million, implying heavy cost, depreciation, or impairment pressure rather than weak demand. The disclosed treasury of roughly $34.76 million, dominated by 406 BTC and 3,080 ETH, is small relative to the half-year loss, so asset revaluation alone cannot explain the result and the company's funding and cost structure become the key variables. Watch whether Bitdeer discloses impairment charges or fleet write-downs in the full filing, whether it raises capital or sells self-mined BTC to cover cash needs, and whether peers reporting similar periods show the same revenue-up, profit-down pattern.

If you have any feedback or questions about this content, please contact us at crypto.news@kcex.com

PANews reported on September 30 that Bitdeer released its unaudited consolidated financial statements for the period ended June 30. Net revenue for the first half of the year was $417.7 million, compared with $225.7 million in the prior-year period; gross loss was $47.57 million, operating loss was $208.3 million, and net loss was $251.8 million, compared with net income of $42.38 million in the prior-year period. The fair value of digital assets directly held by Bitdeer was approximately $34.762 million, including 406 BTC (approximately $24.455 million), 3,080 ETH (approximately $4.962 million), 5.3116 million USDT (approximately $5.304 million), 7,447 FIL, and a small amount of other digital assets.

Bitdeer reports H1 revenue of $417.7 million and net loss of $251.8 million

Original link

Recommended Reading

PA一线

Trader Killa: Market's expected deep pullback may not materialize, still bullish on Bitcoin toward the $90,000 range

PA一线

Velocity (formerly Drift Protocol) co-founder Cindy resigns; exchange restarts after rebuilding following hack

PA一线

Bearish Bitcoin Q4 outlook questioned: unexpected price action shakes market judgment

PA一线

Disclaimer: The articles reposted on this website are sourced from public platforms and are for reference only. These articles do not represent the views or opinions of KCEX. All copyrights belong to the original authors. If you believe that any reposted article infringes upon the rights of a third party, please contact crypto.news@kcex.com for removal. KCEX makes no representations or warranties regarding the timeliness, accuracy, or completeness of reposted articles, and shall not be liable for any actions or decisions made based on such content. Reposted materials are for informational purposes only and do not constitute advice, endorsement, or basis for any commercial, financial, legal, and/or tax decisions.