Crypto mining giant Bitdeer experienced a significant revenue drop of 41% in Q1 2025, attributed to the April 2024 Bitcoin halving event. Despite this decline, net income soared thanks to a $503.1 million non-cash gain from derivatives trading. This strategic move helped mitigate the impact of the 50% reward reduction for miners. The company also utilized its new SEALMINER hardware to boost mining capacity, adding to its total hashrate significantly. Bitdeer’s CEO, Matt Kong, emphasized the company’s commitment to scaling US-based high-performance computing and AI infrastructure to navigate these financial challenges and capitalize on future opportunities in the evolving crypto landscape.