Bitdeer Technologies Group (BTDR) said that its net loss of the fourth quarter has expanded to $ 531.9 million, compared to $ 5 million in the annual quarter.
Bitcoin based in Singapore (BTC) The Mining Company has attributed spending to strategic investments in the development of its ASIC owners mining platforms.
“While we focus on the development of the ASIC limited to the expansion of hatching, we have made significant progress in strengthening our technological roadmap,” said Matt Kong, director of business business . “Owning our own ASIC allows us to quickly deploy hashrate, reduce costs and improve capital efficiency.”
Revenues fell to $ 69 million, down 40% compared to the annual period, with a drop in auto-mine services, accommodation and Clouds.
The company doubles growth, aimed at increasing its auto-mine capacity to 40 exams per second (EH / S) by the end of 2025, which would place the company among the largest Bitcoin extraction operations world.
It also plans to set its power infrastructure to scale, with more than 1 Gigawatt capacity which should go online next year – more than double the 900 current megawatts (MW).
Bitdeer said he saw the potential on the ASIC market, noting a high demand for alternative suppliers. The company is also positioned to provide energy for AI data centers, aimed at capitalizing on the increase in the demand for calculation power.
Actions dropped by 28% over the day in the middle of a broader drop in traditional and cryptographic markets. The action is now negotiated $ 9.49, more than 64% lower than its summit at the end of December.
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