Bitdeer Technologies Group announced its unaudited financial results for the third quarter ended September 30, 2023. The report shows that BitDeer’s total revenue in the third quarter was US$87.3 million, an increase of 14% from US$76.6 million in the same period in 2022; its net loss decreased to US$18 million from US$22.1 million in the same period in 2022. Adjusted profit came to $10.5 million, compared with a loss of $4.1 million in the same period in 2022. Adjusted EBITDA was $28 million, a significant increase from $8.7 million in the same period in 2022. As of September 30, 2023, BitDeer's cash and cash equivalents were US$134.5 million.
In addition, Bitdeer announced a new $2 million stock repurchase plan and expects to launch Bitdeer AI Cloud in the first quarter of 2024.