Bitdeer Posts Loss of Over $266 Million in Q3 2025
Date: 2025-11-12 Author: Gabriel Deangelo Categories: BUSINESS
Mining company Bitdeer released its financial report for Q3 2025, reporting a net loss of $266.7 million. This result is significantly worse than the same period last year, as well as compared to Q2 2024. Following the release of the report, the company's shares fell nearly 20%.
According to the data, Bitdeer's revenue for Q3 increased to $169.7 million, compared to $62 million a year earlier. However, direct expenses also increased, reaching $128.9 million, compared to $59.3 million in 2024. Net loss per share was $1.28, significantly below analyst expectations of $0.22. For comparison, this figure was $0.35 per share a year ago.
Despite the unfavorable financial results, the company reported growth in key operating metrics. Bitdeer's hashrate reached 49.2 EH/s, and the number of installed mining devices (ASICs) increased to 241,000. The company mined 1,109 BTC during the quarter, bringing its total Bitcoin holdings to 2,029 BTC.
The market reacted negatively to the report: on November 10, 2025, Bitdeer shares (ticker: BTDR) on the Nasdaq closed down nearly 20%. Investors expressed concern over the company's rising expenses and declining profits despite increased mining volumes.
Nevertheless, Bitdeer management remains positive. According to Chief Commercial Officer Matt Kong, the third quarter was an important milestone for the company in terms of developing new areas: "This period was characterized by strong operating results and increased investment in artificial intelligence." We continue to strengthen our position to meet the growing global demand for computing power."
Furthermore, Bitdeer announced the launch of production of the new SEALMINER A3 mining rig, first unveiled in September. This move is aimed at further improving mining efficiency and reducing operating costs.
The company's third-quarter report marks its second consecutive significant net loss. Previously, Bitdeer also reported a financial loss for Q2 2025, highlighting ongoing challenges in a highly competitive and volatile cryptocurrency market.
Bitdeer management hopes that new technologies and expanded computing power will help offset these losses in future periods and return the company to sustainable growth.
