Bitcoin miner Bitdeer has announced a significant net loss of $266.7 million for the third quarter of 2025.
According to the company’s Q3 report, Bitdeer’s net loss far exceeded results from the same period in 2024 and the previous quarter of 2025. The announcement triggered a nearly 20% drop in the company’s stock price.
Key figures from Q3 2025 include:
- Revenue: $169.7 million, up from $62 million in Q3 2024
- Net Loss: $266.7 million, compared to $2.8 million in Q3 2024
- Cost of Revenue (CoR): $128.9 million, up from $59.3 million
- Loss per Share: $1.28, below the projected $0.22 per share and higher than $0.35 per share a year earlier
Despite the financial setback, Bitdeer reported growth in operational metrics. The company’s total hash rate rose to 49.2 EH/s, with ASIC installations reaching 241,000 units. During the quarter, Bitdeer mined 1,109 BTC, bringing its total BTC holdings to 2,029 coins.
The disappointing financial results impacted Bitdeer’s Nasdaq-listed shares, which fell nearly 20% on November 10, 2025.
Nevertheless, company leadership remains optimistic.
“Q3 demonstrated strong operational and execution performance. In AI, we have increased focus and investment to meet growing global computing demand,” said Matt Kong, Bitdeer’s Chief Commercial Officer.
The report also highlights the launch of production for the new SEALMINER A3 mining rig, introduced in September. Bitdeer had previously reported a net loss in Q2 2025 as well.
