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Bitdeer Technologies Group operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, and Norway. The company offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining rig hosting solutions comprising deployment, maintenance, and management services for cryptocurrency mining; as well as mines cryptocurrencies for its own account. It also operates mining datacenters to generate hash rate; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining rigs. In addition, the company offers Minerplus, a software platform that offers software support to reduce time needed for daily maintenance and mining rig upgrade; and mining solutions under the SEALMINER brand. The company is headquartered in Singapore.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $0M | $0M | $0M | - | - | -100.0% | - |
| 2024 | $350M | $-503M | $-599M | $-749M | -216.6% | -5.1% | - |
| 2023 | $369M | $30M | $-57M | $-398M | -17.0% | 10.6% | - |
| 2022 | $333M | $7M | $-60M | $-331M | -19.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 333.34 | 368.55 | 349.78 | 0 |
| Cost Of Revenue | 250.09 | 290.75 | 283.38 | 0 |
| Gross Profit | 83.25 | 77.81 | 66.40 | 0 |
| Operating Expense | 140.52 | 134.03 | 155.77 | 0 |
| Operating Income | -57.27 | -56.22 | -89.37 | 0 |
| EBITDA | 6.86 | 29.65 | -502.58 | 0 |
| EBIT | -59.56 | -45.89 | -583.67 | 0 |
| Pretax Income | -64.77 | -50.97 | -601.59 | 0 |
| Tax Provision | -4.40 | 5.68 | -2.44 | 0 |
| Net Income | -60.37 | -56.66 | -599.15 | 0 |
| Net Income Common Stockholders | -60.37 | -56.66 | -599.15 | 0 |
| Total Expenses | 390.61 | 424.78 | 439.15 | 0 |
| Interest Expense | 5.20 | 5.08 | 17.92 | 0 |
| Interest Income | 4.29 | 7.95 | 7.87 | 0 |
| Research And Development | 35.43 | 29.53 | 76.95 | 0 |
| Selling General And Administration | 105.14 | 74.70 | 72.36 | 0 |
| Normalized EBITDA | 13.34 | 26.18 | -0.59 | 0 |
| Normalized Income | -54.33 | -59.39 | -99.22 | 0 |
| Basic EPS | -0.54 | -0.51 | -4.36 | 0.32 |
| Diluted EPS | -0.54 | -0.51 | -4.36 | -1.43 |
| Tax Effect Of Unusual Items | -0.44 | 0.73 | -2.06 | 0 |
| Tax Rate For Calcs | 0.07 | 0.21 | 0 | 0 |
| Total Unusual Items | -6.47 | 3.47 | -501.99 | 0 |
| Total Unusual Items Excluding Goodwill | -6.47 | 3.47 | -501.99 | 0 |
| Net Income From Continuing Operation Net Minority Interest | -60.37 | -56.66 | -599.15 | 0 |
| Reconciled Depreciation | 66.42 | 75.54 | 81.10 | 0 |
| Reconciled Cost Of Revenue | 250.09 | 290.75 | 283.38 | 0 |
| Net Interest Income | -1.30 | 2.29 | -10.35 | 0 |
| Net Income From Continuing And Discontinued Operation | -60.37 | -56.66 | -599.15 | 0 |
| Total Operating Income As Reported | -60.59 | -52.25 | -589.66 | 0 |
| Diluted Average Shares | 111.29 | 110.49 | 137.43 | 234.32 |
| Basic Average Shares | 111.29 | 110.49 | 137.43 | 204.68 |
| Diluted NI Availto Com Stockholders | -60.37 | -56.66 | -599.15 | 0 |
| Average Dilution Earnings | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | -60.37 | -56.66 | -599.15 | 0 |
| Net Income Continuous Operations | -60.37 | -56.66 | -599.15 | 0 |
| Other Income Expense | -6.19 | 2.96 | -501.87 | 0 |
| Other Non Operating Income Expenses | 0.28 | -0.51 | 0.12 | 0 |
| Special Income Charges | -2.97 | 0.96 | -4.21 | 0 |
| Gain On Sale Of Ppe | -2.97 | 0.48 | 8.28 | 0 |
| Other Special Charges | 0 | -0.48 | 8.37 | 0 |
| Write Off | 0 | 0 | 0.94 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0 | 0 | 3.19 | 0 |
| Gain On Sale Of Security | -3.51 | 2.51 | -497.78 | 0 |
| Net Non Operating Interest Income Expense | -1.30 | 2.29 | -10.35 | 0 |
| Total Other Finance Cost | 0.39 | 0.58 | 0.30 | 0 |
| Interest Expense Non Operating | 5.20 | 5.08 | 17.92 | 0 |
| Interest Income Non Operating | 4.29 | 7.95 | 7.87 | 0 |
| Other Operating Expenses | -0.04 | 29.80 | 6.46 | 0 |
| Selling And Marketing Expense | 11.68 | 8.25 | 8.04 | 0 |
| General And Administrative Expense | 93.45 | 66.45 | 64.32 | 0 |
| Other Gand A | 93.45 | 66.45 | 64.32 | 0 |
| Operating Revenue | 333.34 | 368.55 | 349.78 | 0 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Bitdeer Technologies Groupthis co. | BTDR | $2.6B | - | 2.81 | - | 10.32 |
| Ambarella, Inc. | AMBA | $2.9B | - | 4.80 | -12.8% | -37.38 |
| PagSeguro Digital Ltd. | PAGS | $2.8B | 6.94 | 0.94 | 14.4% | 0.32 |
| Penguin Solutions, Inc. | PENG | $2.7B | 63.53 | 4.09 | 6.4% | 14.98 |
| StoneCo Ltd. | STNE | $2.6B | 6.27 |
| 1.22 |
| 21.0% |
| 1.98 |
| Braze, Inc. | BRZE | $2.6B | - | 4.10 | -21.0% | -18.10 |
| Aehr Test Systems, Inc. | AEHR | $2.6B | - | 18.24 | -3.2% | -213.47 |
| Grindr Inc. | GRND | $2.5B | 30.91 | 52.32 | 201.6% | 20.22 |
| NextNav Inc. | NN | $2.4B | - | -28.15 | 219.5% | -40.60 |
| Peer Median | - | 18.93 | 4.10 | 10.4% | -8.89 | |