Bitdeer reported record revenue of $320.7 million for the third quarter of 2026, up 89% from a year earlier, and a GAAP net loss of about $125.5 million. In its November 10 announcement, the company also reported adjusted EBITDA of about $69.6 million. Management cited changes in the fair value of digital-asset-related borrowing, including a $54.6 million noncash item, as one factor in the accounting result.
Bitdeer said its AI-cloud backlog was about $2.9 billion. That figure represents future services under its reporting definitions, not cash collected or revenue already earned. How much becomes sales depends on delivery, demand, available capacity and the terms of the commitments.
