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

Bitdeer Technology Group's stock dropped 20% after reporting a net loss of $266.7 million for Q3 2025, marking a 422% year-over-year decline. The loss per share was -$1.28, worse than both the previous year's loss of -$0.35 and consensus estimates of -$0.22. Despite the financial setbacks, Bitdeer nearly tripled its revenue to $169.7 million from $62 million in the same period last year, surpassing forecasts. The company remains committed to its AI pivot, with plans to continue investments in high-powered computing and U.S. resource development. Competitors, including MARA Holdings and CleanSpark, also saw declines, while Riot Platforms managed a slight increase. The overall landscape for Bitcoin mining has been challenging with dwindling rewards and rising operational costs, forcing many miners to pivot strategies or invest in alternative operations.

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