The Block: Bitdeer's Q3 Net Loss Widens to $125.5 Million
According to The Block, Bitdeer reported its Q3 revenue grew 89% year-over-year to $320.7 million, while net loss widened to $125.5 million from $30.1 million in the same period last year. This included a $54.6 million non-cash charge related to the change in fair value of digital asset loans. The company stated that its quarterly Bitcoin production stood at 3,855 BTC, and AI cloud business revenue surged to $20.4 million from $1.8 million a year earlier. The above figures serve as supplementary data for the same quarter's financial report.
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