Bitdeer Q3 Financial Report: A "Rescue" Case Study of Mining Companies

Ser_APY_2000 · 2025-11-24T08:12:07+00:00

The Bitcoin Mining leader Bitdeer has released its latest Q3 financial report, and the numbers are quite impressive —The income side is growing wildly.The revenue for the third quarter was 169.7 million USD, a year-on-year increase of 173.6%. The gross profit was 40.8 million USD, compared to only 2.8 million USD last year, an increase of nearly 15 times. What does this indicate? Rising coin prices + mining difficulty adjustment + improved operational efficiency, all working together.Bitcoin reserves exceed 2000 coinsThis is the key point - Bitdeer added 527 BTC in Q3, increasing its total holdings from 1502 to 2029 coins. Based on the current price, this reserve is worth approximately $214 million.Core logic: Large mining companies are shifting from "mining and selling" to "mining and holding," which is a direct reflection of confidence in the future market.The chip progress is also advancing.The new generation SEAL04 chip achieved an energy efficiency level of 6-7J/TH during testing (the lower, the better),

Ser_APY_2000

2025-11-24 08:12:07

Bitcoin Mining leader Bitdeer has released its latest Q3 financial report, and the numbers are quite harsh——

Income side surges wildly

In the third quarter, revenue was 169.7 million USD, a year-on-year increase of 173.6%. Gross profit was 40.8 million USD, compared to only 2.8 million last year, an increase of nearly 15 times. What does this indicate? Rising coin prices + Mining difficulty adjustment + Improved operational efficiency, a three-pronged approach.

Bitcoin reserves break 2000 coins

This is the key point - Bitdeer added 527 BTC in Q3, increasing its total holdings from 1502 to 2029 coins. At the current price, this reserve is worth approximately $214 million.

Core Logic: Large mining companies have shifted from “mine and sell” to “mine and hold”, which is a direct reflection of confidence in the future market.

The chip progress is also advancing

The new generation SEAL04 chip has achieved an energy efficiency level of 6-7J/TH in testing (the lower, the better), leaving room for the upcoming capacity expansion.

The digital has flaws

It is worth noting that the net loss reached $266.7 million, mainly due to the accounting loss from convertible bonds. However, after excluding this impact, the adjusted EBITDA is $43 million, which is still acceptable in terms of profitability.

On-chain perspective: Large mining farms increasing their BTC holdings often indicates that they are optimistic about future coin prices; the stakes of such institutions serve as a barometer.

BTC-1.11%

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