TechFlow reports that Bitdeer has released its Q2 2023 financial results: total revenue reached $93.8 million, a 5% year-on-year increase; net loss was $40.4 million, widened from $15.6 million in the same period last year; adjusted net income was $2.3 million, with adjusted EBITDA at $18.7 million. During the quarter, its self-mining operations produced 758 BTC, a 45.5% year-on-year growth.
Meanwhile, Bitdeer has launched a share repurchase program of up to $1 million. In addition, its 100MW mining data center in Bhutan is undergoing power-up testing, while the 175MW immersion-cooled data center in Tydal, Norway, is under construction.
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