Bitcoin mining tech maker Bitdeer's Q3 revenue surges 174%, beats estimates

Bitdeer Technologies

10/11/2025 12:20

Overview

Bitdeer Q3 2025 rev grows 173.6% yr/yr, beating analyst expectations

Adjusted EBITDA for Q3 2025 beats consensus, reflecting operational improvements

Company posts net loss for Q3 2025, missing analyst expectations

Outlook

Company expects AI cloud services to generate over $2 bln annualized revenue by end of 2026

Bitdeer targets SEALMINER A3 mass production to begin in Q1 2026

Company sees global AI infrastructure shortage persisting through at least 2027

Result Drivers

SELF-MINING EXPANSION - Revenue growth driven by increased self-mining hashrate and higher Bitcoin prices

AI STRATEGY - Co expanding AI initiatives to capture global demand for compute, leveraging 3.0 GW power portfolio

SEALMINER PRODUCTION - Mass production of SEALMINER A3 underway, SEAL04 samples show power efficiency

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$169.70 mln
$154.26 mln (11 Analysts)
Q3 Net Income
Miss
-$266.70 mln
-$30.41 mln (4 Analysts)
Q3 Adjusted EBITDA
Beat
$43 mln
$18.32 mln (11 Analysts)
Q3 Gross Profit
$40.80 mln
Q3 Operating Expenses
$60.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

Wall Street's median 12-month price target for Bitdeer Technologies Group is $32.00, about 31.3% above its November 7 closing price of $21.99

The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNX8NpQ8

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)