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Bitdeer Reports Strong Q3 2025 Financial Results and Advances AI and Mining Initiatives
1BTDR
Earnings
Guidance Update
New Projects/Investments
- Bitdeer reported Q3 2025 total revenue of $169.7 million, marking a 173.6% year-over-year increase, with gross profit of $40.8 million and adjusted EBITDA of $43 million.
- The company's average operating self-mining hash rate grew to 29.1 exahash per second in Q3 2025, and reached 41.2 exahash per second by the end of October, exceeding its 40 EH/s target for the year.
- Bitdeer's AI Cloud Services business is scaling, achieving an annualized revenue run rate of $8 million by October 2025, with plans to increase operated GPUs from 584 to 1,160 by year-end.
- The company is converting its 175-megawatt TDEL site in Norway into an AI data center by Q4 2026 and projects an annualized revenue run rate exceeding $2 billion by the end of 2026 from AI cloud services under an optimistic scenario.
- Mass production of the Seal Miner A3 series has begun, with initial shipments expected in November 2025, and the Seal 04 chip is targeted for mass production in Q1 2026, though the next-generation Seal 04 faces significant delays.
Nov 10, 2025, 1:00 PM
Quarterly earnings call transcripts for 1BTDR.
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