Bitdeer Grows Rapidly: Hash Rate Doubles, but Losses Still Increase Significantly

Bitdeer Technologies Group (NASDAQ: BTDR) reported a revenue of $155.6 million in Q2 2025, representing a year-over-year increase of 56.8% and an impressive 121.9% compared to the previous quarter. Key drivers included significantly expanded self-mining and external sales of the SEALMINER A2 devices, which contributed $69.5 million alone. Despite the revenue surge, profitability remained under pressure: Gross profit fell to $12.8 million (previous year: $24.4 million), and the gross margin shrank to 8.2%. Overall, a net loss of $147.7 million (previous...