Bitdeer Reports $531.9M Loss Targets 40 EH/s

Bitdeer Reports $531.9 Million Q4 Loss Due to ASIC Investments

• Bitdeer Technologies Group reported a net loss of $531.9 million for Q4 2024.
• The company invested heavily in proprietary mining hardware development.
• $243.4 million was paid to Taiwan Semiconductor Manufacturing Company (TSMC) for chip manufacturing.
• Bitdeer aims to achieve a self-mining hashrate of 40 exahash per second (EH/s) by late 2025.

In Q4 2024, Bitdeer Technologies Group experienced a significant net loss of $531.9 million, primarily due to substantial investments in developing proprietary mining hardware, including a $243.4 million payment to TSMC.