In the third quarter of 2025, Bitdeer, a company specializing in Bitcoin mining, released a financial report showing significant losses. According to the published information, the company’s net loss for this period reached $266.7 million. This greatly exceeds the figures from the same period last year and the second quarter of 2025, when the loss was only $2.8 million.
This is reported by Business • Media
Financial Results and Stock Performance
Bitdeer’s revenue in the third quarter of 2025 rose to $169.7 million, compared to $62 million in Q3 2024. Direct costs (CoR) also significantly increased, amounting to $128.9 million compared to $59.3 million a year earlier. The loss per share was $1.28, which is substantially lower than the projected level of $0.22 and worse than the figure for the third quarter of 2024, which was $0.35.
These financial setbacks led to a sharp decline in Bitdeer’s stock value. As of the trading close on November 10, 2025, the company’s shares had dropped nearly 20%.
Operational Metrics and Development Plans
Despite the financial difficulties, Bitdeer reported an increase in operational results. The company’s hash rate increased to 49.2 EH/s, and the number of installed devices (ASICs) reached 241,000 units. In the third quarter, Bitdeer mined 1109 BTC, and the total amount of Bitcoin on the company’s balance sheet at the end of the quarter was 2029 BTC.
Bitdeer’s management remains optimistic about the company’s future development, particularly in the areas of artificial intelligence and investment in computing power. The company also announced the launch of production for a new mining rig model, the SEALMINER A3, which was introduced in September 2025.
“The third quarter was marked by strong operational and financial results. Regarding AI, we have intensified our focus and investments to meet the growing global demand for computing,” said the company’s Chief Commercial Officer, Matt Kong.
It is worth noting that in the second quarter of 2025, the company also reported a net loss despite an increase in revenue.