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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.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $620M | $338M | $66M | $-2.0B | 7.6% | 77.3% | -110.9% |
| 2024 | $350M | $-503M | $-599M | $-749M | -216.6% | -5.1% | 957.5% |
| 2023 | $369M | $30M | $-57M | $-398M | -17.0% | 10.6% | -6.1% |
| 2022 | $333M | $7M | $-60M | $-331M | -19.0% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 620.25 |
| Operating Revenue | 620.25 |
| Cost Of Revenue | 559.26 |
| Gross Profit | 60.99 |
| Operating Expense | 245.56 |
| Research And Development | 153.88 |
| Selling General And Administration | 91.08 |
| Total Expenses | 804.82 |
| Operating Income | -184.57 |
| Total Operating Income As Reported | 159.72 |
| EBITDA | 338.28 |
| Normalized EBITDA | -6.92 |
| EBIT | 170.16 |
| Interest Income | 7.60 |
| Interest Expense | 99.33 |
| Net Interest Income | -92.33 |
| Other Non Operating Income Expenses | 2.53 |
| Other Income Expense | 347.73 |
| Interest Income Non Operating | 7.60 |
| Interest Expense Non Operating | 99.33 |
| Net Non Operating Interest Income Expense | -92.33 |
| Pretax Income | 70.83 |
| Tax Provision | 5.23 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 25.51 |
| Net Income Continuous Operations | 65.60 |
| Net Income From Continuing And Discontinued Operation | 65.60 |
| Net Income From Continuing Operation Net Minority Interest | 65.60 |
| Net Income | 65.60 |
| Net Income Common Stockholders | 65.60 |
| Net Income Including Noncontrolling Interests | 65.60 |
| Normalized Income | -254.09 |
| Diluted NI Availto Com Stockholders | -336.18 |
| Basic Average Shares | 204.68 |
| Diluted Average Shares | 234.32 |
| Reconciled Depreciation | 168.12 |
| Reconciled Cost Of Revenue | 559.26 |
| Total Unusual Items | 345.20 |
| Total Unusual Items Excluding Goodwill | 345.20 |
| Special Income Charges | -69.19 |
| Other Special Charges | 60.34 |
| Write Off | 5.04 |
| Impairment Of Capital Assets | 13.41 |
| Restructuring And Mergern Acquisition | 0 |
| Gain On Sale Of Security | 414.39 |
| General And Administrative Expense | 84.42 |
| Other Gand A | 84.42 |
| Gain On Sale Of Ppe | 9.60 |
| Total Other Finance Cost | 0.60 |
| Other Operating Expenses | 0.60 |
| Selling And Marketing Expense | 6.67 |
| Average Dilution Earnings | -401.78 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Bitdeer Technologies Groupthis co. | BTDR | $4.8B | 72.81↑ premium | 5.50 | 7.6% | 16.93 |
| Navan, Inc. | NAVN | $5.6B | -14.12 | 4.65 | -32.9% | -18.33 |
| Synaptics Incorporated | SYNA | $5.5B | -114.05 | 3.91 | -3.4% | 85.59 |
| Commvault Systems, Inc. | CVLT | $5.0B | 70.96 | 669.07 | 942.8% | 47.35 |
| Belden Inc. | BDC | $4.3B |
| - |
| - |
| - |
| - |
| - |
| - |
| 18.15 |
| 3.41 |
| 18.8% |
| 12.03 |
| nLIGHT, Inc. | LASR | $4.2B | -180.02 | 18.63 | -10.3% | -560.38 |
| Remitly Global, Inc. | RELY | $4.2B | 61.40 | 4.80 | 7.8% | 30.32 |
| Innodata Inc. | INOD | $4.0B | 123.29 | 37.03 | 30.0% | 83.18 |
| Bel Fuse Inc. | BELFB | $3.9B | 63.91 | 9.24 | 14.5% | 30.04 |
| Peer Median | - | 39.78 | 7.02 | 11.1% | 30.18 | |