Bitdeer Stock Tumbles 20% as Bitcoin Miner Posts Third Quarter Net Loss

Bitdeer Technology Group's stock fell 20% following the announcement of a net loss of $266.7 million for the third quarter of 2025, reflecting a 422% decline year-over-year. The loss per share was reported at -$1.28, significantly worse than Zacks' consensus estimate of -$0.22. Despite the significant loss, Bitdeer’s revenue nearly tripled to $169.7 million compared to $62 million a year ago, exceeding expectations. In a positive note, Chief Business Officer Matt Kong highlighted Bitdeer’s commitment to expanding into high-powered computing and capitalizing on the growing demand for AI services. The mining sector has faced challenges due to rising operational costs and reduced rewards since the last Bitcoin halving. Bitdeer is looking to invest in U.S. resources and develop mining rigs domestically, indicating a strategic pivot towards future growth, even amid recent losses.

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