Bitdeer Revenue Jumps 89% to $320.7M as AI Backlog Grows Despite Quarterly Loss

TL;DR: Bitdeer posted record third-quarter revenue of $320.7 million, up 89% year over year, while reporting a $125.5 million net loss. Its stated AI-cloud backlog approached $2.9 billion, highlighting demand potential but not revenue already earned or cash already collected. Bitdeer has delivered one of the clearest examples yet of a Bitcoin mining business trying to transform itself into a provider of broader computing infrastructure. Its latest quarter brought record revenue and a sizable artificial-intelligence cloud order pipeline. It also remained deeply unprofitable under standard accounting measures. In its November 10 third-quarter results announcement , the company reported $320.7 million in revenue, an 89% increase from the year-earlier period. Adjusted EBITDA rose to about $69.6 million, while the GAAP net loss reached approximately $125.5 million.

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