Bitdeer Technologies Group Q1 Earnings Call Highlights
Key takeaways
- Bitdeer Technologies Group Q1 Earnings Call Highlights Market Beat Thu, May 14, 2026 at 9:07 PM GMT+7 8 min read BTC-USD BTDR Key Points Interested in Bitdeer Technologies Group?
- Revenue surged in Q1 2026 to $188.9 million, up about 170% year over year, driven mainly by a sharp increase in Bitcoin mining output.
- Despite the strong top-line growth, Bitdeer reported a gross loss of $39 million as Bitcoin price pressure, $70 million of non-cash depreciation, and seasonal power costs weighed on margins.
Bitdeer Technologies Group Q1 Earnings Call Highlights Market Beat Thu, May 14, 2026 at 9:07 PM GMT+7 8 min read BTC-USD BTDR Key Points Interested in Bitdeer Technologies Group? Here are five stocks we like better.
Revenue surged in Q1 2026 to $188.9 million, up about 170% year over year, driven mainly by a sharp increase in Bitcoin mining output. Adjusted EBITDA also improved to $14.4 million, though revenue fell sequentially from Q4 due to lower Bitcoin prices and more output being used for internal mining deployment.
Despite the strong top-line growth, Bitdeer reported a gross loss of $39 million as Bitcoin price pressure, $70 million of non-cash depreciation, and seasonal power costs weighed on margins. The company also posted an operating loss of $159.5 million and ended the quarter with $297.7 million in cash equivalents and restricted cash.