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Bitdeer Reports Record Q3 2026 Revenue of $320.7M, Adjusted EBITDA Up 173%

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Bitdeer Reports Record Q3 2026 Revenue of $320.7M, Adjusted EBITDA Up 173%

Bitdeer posted record Q3 2026 revenue of $320.7M, an 89% YoY increase, with Adjusted EBITDA rising 173% to $69.6M. AI Cloud backlog reached $2.9B.

Bitdeer Technologies Group (NASDAQ: BTDR), a global leader in AI neocloud services and Bitcoin mining infrastructure, announced record-breaking unaudited financial results for the third quarter of 2026, ending September 30. The company reported total revenue of $320.7 million, an 89% year-over-year increase from $169.7 million in Q3 2025 and a 40% rise from $228.8 million in Q2 2026. Adjusted EBITDA surged 173% year-over-year to $69.6 million, compared to $25.5 million in the same quarter last year.

Bitdeer’s revenue growth was driven by its self-mining operations, which contributed $217.5 million, a 66.3% increase year-over-year. Co-mining revenue accounted for $59.9 million, while AI Cloud revenue reached $20.4 million. The company’s total cost of revenues rose to $309.9 million, up from $130.0 million in Q3 2025, resulting in a gross profit of $10.8 million. This marked a significant improvement from a gross loss of $8.5 million in Q2 2026. However, the company reported a net loss of $125.5 million, attributed in part to a $54.6 million non-cash loss from changes in the fair value of digital asset loans.

9 billion, with 332 IT megawatts (MW) of AI Cloud capacity secured. 5 MW configured to run NVIDIA GPUs for a leading AI lab. The project’s potential total contract value could reach $8 billion if the tenant exercises an 8-year lease extension option.



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