Brian Kinstlinger

Darren Aftahi

Gregory Lewis

Kevin Cassidy

Michael Colonnese

Mike Grondahl

Brian Britton

Fedor Shabalin

Lucky Wang

Bill Papanastasiou

Brett Knoblauch

John Todaro

Lucas Pipes

Nick Giles

- Bitdeer Technologies Group reported a **net profit of $261.7 million** for the six months ended June 30, 2025, a significant improvement from a net loss of $17.1 million in the prior year period, largely driven by **non-cash gains of $415.9 million** from fair value changes of derivative liabilities.  **[1899123_0001213900-25-093073_ea025619001ex99-1_bitdeer.htm:1]** **[1899123_0001213900-25-093073_ea025619001ex99-2_bitdeer.htm:7]** **[1899123_0001213900-25-093073_ea025619001ex99-2_bitdeer.htm:8]** 
- Revenue for the six months ended June 30, 2025, increased to **$225.7 million**, with a notable shift in mix as **sales of mining rigs and accessories contributed $73.6 million**.  **[1899123_0001213900-25-093073_ea025619001ex99-2_bitdeer.htm:3]** 
- The company undertook significant financing activities, including the issuance of **US$375.0 million** in 4.875% convertible senior notes in June 2025 and securing **US$485.0 million** in new loan drawdowns from Matrixport by September 29, 2025.  **[1899123_0001213900-25-093073_ea025619001ex99-2_bitdeer.htm:0]** **[1899123_0001213900-25-093073_ea025619001ex99-2_bitdeer.htm:2]** **[1899123_0001213900-25-093073_ea025619001ex99-1_bitdeer.htm:33]** 
- Strategic investments include the acquisition of a **50 MW mining datacenter in Ethiopia for US$7.5 million** and a **101 MW site and gas-fired power project in Alberta for US$21.7 million**.  **[1899123_0001213900-25-093073_ea025619001ex99-2_bitdeer.htm:2]**

Bitdeer Technologies Group Reports H1 2025 Financial Results and Strategic Developments

- Bitdeer Technologies Group's **self-mining hashrate increased by 35% to 30.0 EH/s** in August 2025, resulting in **375 Bitcoins self-mined**, a **~33% increase** from July 2025.  **[1899123_0001213900-25-087061_ea025618901ex99-1_bitdeer.htm:0]** 
- The company's **Bitdeer.AI** neo cloud business achieved **US$8 million in AI cloud annual run-rate revenue (ARR)** in August 2025.  **[1899123_0001213900-25-087061_ea025618901ex99-1_bitdeer.htm:0]** 
- Bitdeer is on track to reach its target of **40 EH/s of self-mining by the end of October 2025**, with **18.0 EH/s of SEALMINER A2 mining rigs deployed** for self-mining in August 2025.  **[1899123_0001213900-25-087061_ea025618901ex99-1_bitdeer.htm:0]** 
- Infrastructure updates include **161 MW online** in Tydal, Norway, and **367.5 MW online** in Jigmeling, Bhutan, with remaining capacities expected to be energized by the end of Q3 2025.  **[1899123_0001213900-25-087061_ea025618901ex99-1_bitdeer.htm:0]** **[1899123_0001213900-25-087061_ea025618901ex99-1_bitdeer.htm:1]**

Bitdeer Announces August 2025 Production and Operations Update

Bitdeer Technologies (BTDR)