Bitdeer Pre-Announces Financial and Operating Results for the Fourth Quarter of 2023
Bitdeer Technologies Group (BTDR)
Company Research
Source: GlobeNewswire
SINGAPORE, March 04, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced selected estimated unaudited preliminary financial and operating results for the fourth quarter ended December 31, 2023. Unaudited and Preliminary Q4 2023 Financial Highlights Total revenue of approximately US$114.8 million, compared to US$77.1 million in Q4 2022. Self-mining revenue of approximately US$46.9 million, compared to US$10.6 million in Q4 2022.Cloud hash rate revenue of approximately US$16.3 million, compared to US$19.8 million in Q4 2022.General hosting revenue of approximately US$25.2 million, compared to US$19.5 million in Q4 2022.Membership hosting revenue of approximately US$23.4 million, compared to US$21.4 million in Q4 2022. Adjusted EBITDA (reconciled below)1 in the range of US$32.1 million to US$38.1 million, compared to US$16.3 million in Q4 2022
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