Bitdeer Technologies Group (BTDR) said the fourth quarter Net’s loss has been expanded Up to $ 531.9 million from $ 5 million in the quarter-earlier quarter.
The Bitcoin based in Singapore (Btc) The mining company relates to the costs of strategic investment in the development of the owner of ASIC mining rigs.
“While our focus on developing ASIC is temporarily limited to expanding the hashrate, we have made significant development in strengthening our technology roadmap,” said Matt Kong, the company’s chief business official. “The owner of our own ASICs gives us to quickly deploy a hashrate, lower cost and improve capital efficiency.”
The income fell to $ 69 million, down 40% from the time of the year, with a decline in full self-mining, hosting and cloud hash rate services.
The company doubles growth, aimed at increasing mining capacity to 40 exahash per second (eh/s) by the end of 2025, which will place the company in the midst of the largest Bitcoin mining operation worldwide.
It also plans to measure its electricity infrastructure, with more than 1 Gawinatt (GW) of the capacity set to line up next year – more than doubling the current 900 megawatts (MW).
The Bitdeer said it sees the potential in the ASIC market, citing strong demand for alternative suppliers. The firm also positions itself to provide energy for AI data centers, aimed at increasing demand for computing strength.
Shares fell 28% in the sun in the midst of a broader decline in crypto traditional and markets. The stock now trades for $ 9.49, more than 64% less than the end of all time high.
Refusal: The parts of this article were formed with the help from the AI tools and our editorial group reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
