Bitdeer Technologies (BTDR) has released an update.
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Bitdeer Technologies has showcased a robust financial performance in the second quarter of 2024, with reported revenues of $99.2 million, marking a 5.8% increase from the previous year, and a significant reduction in net loss from $40.4 million in Q2 2023 to $17.7 million. The company’s gross profit surged by 50.6% to $24.4 million, and its adjusted EBITDA rose by 33.2% to $24.9 million, evidencing strong year-over-year growth despite the challenges of the global network hashrate increase and the recent Bitcoin halving.
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