Bitdeer reported first-half revenue of $417.7 million, up from $225.7 million in the prior-year period, according to unaudited consolidated financial statements for the six months ended June 30. Despite the revenue growth, the company posted a net loss of $251.8 million, reversing a $42.38 million net income recorded in the same period last year.
The Bitcoin mining firm recorded a gross loss of $47.57 million and an operating loss of $208.3 million during the period. Bitdeer held digital assets with a fair value of approximately $34.76 million as of June 30, including 406 BTC worth $24.46 million, 3,080 ETH valued at $4.96 million, and 5.31 million USDT.
Bitdeer H1 Revenue Surges 85% to $417.7M Amid $251.8M Net Loss
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