Bitdeer’s Q3 BTC output jumps 248% as revenue hits record high

Bitdeer, a Bitcoin mining company listed on Nasdaq under the ticker BTDR, posted record third-quarter revenue of $320.7 million, The Block reported. Over the same period, BTC production rose 248% from a year earlier to 3,855 BTC. Adjusted EBITDA increased 173% to $69.6 million, while net loss widened to $125.5 million.