Bitdeer Technologies Group reported third-quarter 2026 revenue of $320.7 million, up 89% year over year, driven by its Bitcoin self-mining operations. The company mined 3,855 BTC, a 248% increase from the same period in 2025, while adjusted EBITDA rose 173% to $69.6 million. Net loss nevertheless widened sharply, from $30.1 million to $125.5 million, partly because of a $54.6 million non-cash charge related to digital asset borrowings. Bitdeer also secured a 16-year lease with Volta Tydal AS covering 121 IT MW and worth $4.7 billion in total. Its AI cloud services backlog stands at approximately $2.9 billion, but the company held only 47 BTC at the end of the quarter.
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