Bitdeer Technologies ( (BTDR) ) has shared an update.
Bitdeer Technologies Group reported its unaudited financial results for Q4 and the full year of 2024, revealing a significant net loss of $531.9 million compared to $5.0 million in the previous year. Despite a drop in revenue and gross profit, the company emphasized its strategic investment in proprietary ASIC technology, which is expected to enhance its competitive position and operational efficiency. The company plans to expand its self-mining hashrate and capitalize on the growing demand for energy-efficient ASICs, positioning itself for a transformative year in 2025.
More about Bitdeer Technologies
Bitdeer Technologies Group is a leading technology company specializing in blockchain and high-performance computing. The company focuses on developing proprietary ASIC technology and offers services in self-mining, cloud hash rate, and hosting solutions.
YTD Price Performance: -42.72%
Average Trading Volume: 8,284,602
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.52B
See more data about BTDR stock on TipRanks’ Stock Analysis page.