Bitdeer reports $50 million loss due to Bitcoin halving, increased R&D costs

Bitdeer Technologies reported a net loss of $50.1 million for the third quarter of 2024, with total revenue declining to $62 million from $87.3 million in the same period last year. The company&#82...

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Bitdeer reports $50 million loss due to Bitcoin halving, increased R&D costs

Source: CryptoSlate

Bitdeer Technologies reported a net loss of $50.1 million for the third quarter of 2024, with total revenue declining to $62 million from $87.3 million in the same period last year. The company’s unaudited financial results, released on Nov. 18, attribute the decrease primarily to the impact of the April 2024 Bitcoin halving, increased global […]