Bitdeer Stock Craters 20% Following Wider Second-Quarter Net Loss

Bitdeer (BTDR) stock fell to its lowest level since March 31, after the crypto miner reported a wider second-quarter loss and revenue that missed Wall Street forecasts. The Nasdaq-listed miner lost $0.37 per share, wider than the $0.32 expected by analysts.

Revenue of $228.8 million also trailed the $231.16 million consensus. Earnings Miss Overshadows Revenue Growth Bitdeer’s net loss widened to $92.3 million from $62.9 million a year earlier.

The company also swung to a gross loss of $8.5 million from a $12.0 million gross profit, according to its reported results. The shortfall extended a difficult stretch that followed a $159.5 million deficit in the first quarter.

Revenue still climbed 47% to $228.8 million from $155.6 million.  However, the cost of revenue outpaced that gain, rising to $237.3 million on electricity and depreciation charges.  Follow us on X to get the latest news as it happens Mining Output and AI Push Continue Operationally, the quarter told a stronger story.