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

Bitdeer Technology Group saw its stock plummet by 20% following the announcement of a staggering net loss of $266.7 million for the third quarter of 2025, a 422% year-over-year decline. The company's loss per share was reported at -$1.28, significantly up from -$0.35 in the same period last year, and far beyond the anticipated -$0.22. Despite this financial setback, Bitdeer experienced a substantial revenue increase, nearly tripling to $169.7 million from $62 million last year, surpassing analysts’ expectations. In a statement, Bitdeer's Chief Business Officer, Matt Kong, emphasized the company's pivot towards high-powered computing, aiming to exploit the rising demand in the AI sector. He reassured stakeholders that despite current losses, the company is focused on future expansion, particularly in U.S. resources and rig production. The cryptocurrency mining landscape remains challenging, exacerbated by rising operational costs and reduced rewards for verifying transactions, prompting many miners to reevaluate their strategies. While competitor stocks also dipped, Bitdeer's performance remains relatively stable in the larger market context, albeit down 21% year-to-date.

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