Bitdeer Technologies Reports Q1 2025 Results: Revenue Drops to $70.1M, Net Income Surges to $409.5M, Adjusted EBITDA Falls to Negative $56.1M

Reuters

05-15

Bitdeer Technologies Reports Q1 2025 Results: Revenue Drops to $70.1M, Net Income Surges to $409.5M, Adjusted EBITDA Falls to Negative $56.1M

Bitdeer Technologies Group has released its unaudited financial results for the first quarter of 2025, ending March 31. The company reported a total revenue of $70.1 million, a significant decrease from the $119.5 million recorded in Q1 2024. The cost of revenue also declined to $73.4 million compared to $85.4 million in the previous year. The gross profit for Q1 2025 was a negative $3.2 million, contrasting with a positive $34.1 million in Q1 2024. However, the net income saw a substantial increase, reaching $409.5 million, compared to $0.6 million in the same quarter of the previous year. Adjusted EBITDA was reported at negative $56.1 million, a notable decline from the positive $27.32 million recorded in Q1 2024. These results highlight significant variations in Bitdeer's financial performance compared to the previous year's first quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bitdeer Technologies Group published the original content used to generate this news brief on May 15, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bitdeer Technologies Group published the original content used to generate this news brief on May 15, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTDR","symbol_name":"Bitdeer Technologies Group","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250515:nNDL8hGQLM:1","article_id":"2535459078","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535459078","pubTimestamp":1747307019,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Bitdeer Technologies Reports Q1 2025 Results: Revenue Drops to $70.1M, Net Income Surges to $409.5M, Adjusted EBITDA Falls to Negative $56.1M. 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The cost of revenue also declined to $73.4 million compared to $85.4 million in the previous year. The gross profit for Q1 2025 was a negative $3.2 million, contrasting with a positive $34.1 million in Q1 2024. However, the net income saw a substantial increase, reaching $409.5 million, compared to $0.6 million in the same quarter of the previous year. Adjusted EBITDA was reported at negative $56.1 million, a notable decline from the positive $27.32 million recorded in Q1 2024. These results highlight significant variations in Bitdeer's financial performance compared to the previous year's first quarter.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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