Bitdeer reports $50 million loss due to Bitcoin halving, increased R&D costs

Liam ‘Akiba’ Wright

Bitdeer Technologies reported a net loss of $50.1 million for the third quarter of 2024, with total revenue declining to $62 million from $87.3 million in the same period last year. The company’s unaudited financial results, released on Nov. 18, attribute the decrease primarily to the impact of the April 2024 Bitcoin halving, increased global […]

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Bitdeer reports $50 million loss due to Bitcoin halving, increased R&D costs

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Bitdeer reports $50 million loss due to Bitcoin halving, increased R&D costs