Bitdeer Technologies Group (NAS:BTDR)

Q4 2025 Bitdeer Technologies Group Earnings Call Transcript

Feb 12, 2026 / 01:00 PM GMT

Release Date Price: $10.37 (-13.51%)

Transcript

Key Points

Positve

Bitdeer Technologies Group (BTDR) achieved a significant revenue increase of 226% year-over-year, reaching $225 million in Q4 2025.
The company has expanded its self-mining hash rate to over 63 exahashes per second, establishing itself as one of the largest publicly listed Bitcoin miners.
BTDR is making strategic progress in AI infrastructure, with plans to retrofit a 225-megawatt facility in Norway for AI workloads, leveraging hydropower for cost efficiency.
The company is actively expanding its GPU as a service platform, with plans to add capacity in Malaysia and the United States, targeting sectors like biomedical, robotics, and gaming.
BTDR's vertically integrated strategy, including proprietary chip design and a robust global power portfolio, positions it well for future growth in both Bitcoin mining and AI infrastructure.

Negative

Despite revenue growth, BTDR's gross profit and adjusted EBITDA declined sequentially due to lower Bitcoin prices and higher electricity costs.
The company faces litigation that could potentially delay development at its Clarington site, impacting its AI data center expansion plans.
BTDR's gross margin significantly decreased to 4.7% in Q4 2025 from 24.1% in Q3 2025, driven by lower Bitcoin prices and increased depreciation expenses.
Operating expenses increased to $66.3 million in Q4 2025, up from $60.5 million in Q3 2025, due to higher headcount and general corporate activities.
The company reported an adjusted net loss of $82.6 million in Q4 2025, primarily due to higher energy and depreciation costs, despite higher revenue.

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

BTDR.OQ - Bitdeer Technologies Group
Q4 2025 Bitdeer Technologies Group Earnings Call
Feb 12, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the 5th year 4th quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. To ask a question during the session, you'll need to press 11 on your telephone. You'll then hear automated message advising your hand raised to withdraw your question, please press 11 again. Please be advised that today's conference be recorded. And I to end a conference over to your first speaker today, John Ragazino, external investor relations for Bid Deer. Please go ahead.

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Unidentified_2

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