Chiara Bianchi
Bitdeer Technologies Group (BTDR) has posted impressive financial results for the third quarter of 2025, with both revenue and gross profit skyrocketing year-over-year.
The Bitcoin mining firm generated $169.7 million in total revenue, up 173.6% from $62 million during the same period last year. Meanwhile, gross profit surged to $40.8 million, a massive improvement compared to just $2.8 million in Q3 2024, according to Mondayโs statement.
Despite these record-breaking figures, Bitdeer reported a net loss of $266.7 million, mainly due to accounting for losses linked to convertible senior notes.
โQ3 marked a quarter of strong execution and financial performance,โ said Matt Kong, Chief Business Officer at Bitdeer. He added that adjusted EBITDA rose to $43 million, reflecting improved operating leverage and efficiency gains driven by the companyโs expanding self-mining operations over the past year.
Bitdeerโs self-mining hashrate climbed to 41.2 EH/s, while its newly developed SEAL04 chip achieved 6โ7 J/TH efficiency in testing โ a clear sign of progress toward next-generation mining technology.
Bitcoin Reserves and Market Conditions
The company also boosted its Bitcoin treasury holdings, increasing from 1,502 BTC in the previous quarter to 2,029 BTC by the end of Q3. At current market prices, this represents roughly $214 million worth of BTC.
However, the Bitcoin price has declined over the past three months โ from about $119,000 to $105,000 as of Monday morning, according to PRIMEโs Price Page.
Analysts Maintain Bullish Outlook
In October, Benchmark analysts reaffirmed their bullish stance on Bitdeer, highlighting the companyโs strategic shift to bring AI data center development fully in-house. Analysts believe this move could enhance profit margins and accelerate Bitdeerโs evolution from infrastructure buildout to revenue-driven operations.
With strong operational results and ongoing innovation, Bitdeer continues to position itself as a leader in both Bitcoin mining and AI-powered infrastructure development, even as short-term financial challenges persist.
