Bitdeer's shares (BTDR) sank over 15% on Monday after the Bitcoin miner and artificial intelligence infrastructure provider posted strong revenue growth across both verticals.
The company also posted a net loss of $92.3 million, a 47% increase year-over-year, as electricity costs, depreciation, R&D, administration and interest expenses all rose.
Bitcoin mining surged nearly 400% with Bitdeer producing 2,694 BTC during the quarter, versus 565 BTC through the same period in 2025.
The company closed the quarter holding only 150 BTC, signaling it sold its newly mined Bitcoin amid the cryptocurrency dropping below $60,000 during the quarter.
Overall, Bitdeer's total revenue climbed to $229 million, a 47% increase, with AI cloud revenue jumping tenfold to $14 million.
