Cripto Miner BitDeer Facial Steep Q4 Loss, but eyes 40 EH / S Hashrate Aim
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Bitdeer Technologies Group has reported a loss of $ 531.9 million in the fourth quarter of 2024. years, a sharp increase in $ 5 million in the same period last year.
BitDeer, Company to focus in block and fast computer published Financial results for the fourth quarter and full of 2024 years. The company reported a net loss of $ 531.9 million for a quarter, compared to a loss of $ 5 million in the same period last year. The total revenue of the fourth quarter 2024 was $ 69 million, in the fourth quarter of $ 114.8 million in the fourth quarter of 2023. Years.
The decline in income and increased net loss are attributed to strategic investments in the development of ownership Integrated application specific technology (ASIC) which is temporarily limited to the growing growth. Despite these challenges, BitDeer is $ 476.3 million in cash and cash equivalents as at 31. December 2024. years.
BitDeer’s Tech Plan
This year, BitDeer plans to activate its setminer A1S and 28 eKaHashes per second to achieve overall self-operation of about 40 ekahashes in seconds in seconds. Year, this expansion is part of BitDeer’s strategy for vertical integrate and strengthen its competitive position in the computer industry with high Performance.
As for writing, Bitdeer’s Stock (BTDR) trades from $ 9.10, only more than 30% on the day.
Outlook industry
Significant loss collected concerns among investors, but BitDeer’s 2.6-Gigavat power growth and artificial intelligence data can be supported by recovery. This trend is not unique for BitDeer, as Bitcoin Miners, including Crusoe EnergyThey started turning towards the artificial intelligence Diverse Center for Leasing to diversify income flows.
The wider mining industry Bitcoin continues to face challenges accompanying April 2024. Years Moving events which reduced the daily Bitcoin award of 900 to 450 coins. This reduction increased the average cost of the production of one bitcoin to $ 55,950 in 2024. Years, including some estimates, including stock-based depreciation, as much as $ 106,000.
However, some analysts remain Bullish in the appearance of the industry. Significantly, HC Vainvright Analysts The latest notes that the fourth quarter of 2024 was a positive period for Bitcoin miners as well as funds for the first time, underwent increased adoption after pro-cryptocurrent policy within the return of President Donald Trump.
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2025-02-25 23:32:00