Bitdeer Loses Billions, Aims for 40 Exahash Hashrate by Q4 2025

Bitdeer Technologies Group incurred a significant $531.9 million loss in the fourth quarter of 2024, marking a substantial increase from its previous year’s $5 million loss during the same period. This comes amid a drop in revenue to $69 million compared to $114.8 million in Q4 2023. The decline is attributed to strategic investments in developing custom ASIC technology for applications, which temporarily limited hashrate growth.