Bitdeer Technologies Group (NAS:BTDR)

Q3 2025 Bitdeer Technologies Group Earnings Call Transcript

Nov 10, 2025 / 01:00 PM GMT

Release Date Price: $17.65 (-19.74%)

Transcript

Key Points

Positve

Bitdeer Technologies Group (BTDR) reported a significant revenue increase of 173.6% year over year, reaching $169.7 million in Q3 2025.
The company's self-mining hash rate increased by 273.1% year over year, contributing to higher self-mining revenue.
Bitdeer Technologies Group (BTDR) achieved a gross profit of $40.8 million, with a gross margin improvement to 24.1% from 4.5% in Q3 2024.
The company is expanding its AI cloud services business, with plans to reach an annualized revenue run rate of $2 billion by the end of 2026.
Bitdeer Technologies Group (BTDR) is actively expanding its global power and data center infrastructure, with a total available electrical capacity of approximately 1.6 gigawatts.

Negative

The development of the next-generation SEAL 04 chip is significantly delayed, impacting future product timelines.
Bitdeer Technologies Group (BTDR) reported a net loss of $266.7 million in Q3 2025, primarily due to non-cash derivative losses.
Operating expenses increased to $60.5 million, driven by R&D costs and non-cash amortization expenses.
The company faces higher production costs for assembling steel miners in the US compared to other locations.
There is a supply chain stress for electrical equipment needed for data center builds, which could impact project timelines.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BTDR.OQ - Bitdeer Technologies Group
Q3 2025 Bitdeer Technologies Group Earnings Call
Nov 10, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by and welcome to Bit Dear's 3rd quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker and presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press 11 on your telephone. To remove yourself from the queue, you may press 11 again. I would now like to hand the call over to Ejiazai, Investor relations for Bit dear.

Please go ahead.

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Unidentified_2 [2]
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Thank you operator and good morning

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