TechFlow reports that Bitdeer Technologies Group (Nasdaq: BTDR) has announced its unaudited financial results for the third quarter of 2023. The report shows:
The company mined 1,085 bitcoins in its mining business during the third quarter, an increase of 121% year-over-year.
Total revenue was $87.3 million, up 14% compared to $76.6 million in the same period of 2022.
Net loss decreased from $22.1 million in the same period of 2022 to $18 million.
Adjusted profit reached $10.5 million, compared to an adjusted loss of $4.1 million in the same period of 2022.
Adjusted EBITDA was $28 million, an increase from $8.7 million in the same period of 2022.
As of September 30, the company held $134.5 million in cash and cash equivalents, with total borrowings of $22.6 million.
