BitDeer: Total revenue in Q1 2024 is US$119.5 million

BitDeer announced unaudited financial results and operational updates for the first quarter ended March 31, 2024: 1. Total revenue was $119.5 million, compared with $72.6 million in the first quarter of 2023. 2. Net profit was $600,000, compared with a net loss of $9.5 million in the first quarter of 2023. 3. Adjusted profit was $8.4 million, compared with $2.8 million in the first quarter of 2023. 4. Adjusted EBITDA was $26 million, compared with $18.5 million in the first quarter of 2023. 5. Cash and cash equivalents were $118.5 million.