Bitdeer Reports Significant Revenue Growth in Q4

Bitdeer, a Bitcoin cloud mining company, has announced a substantial increase in its fourth-quarter revenue, reaching $225 million, a significant rise from $69 million in the same period last year. According to NS3.AI, the company also reported a net income of $70.5 million, marking a turnaround from a $531.9 million loss in the fourth quarter of the previous year. This financial success is attributed to the expansion of its proprietary Bitcoin mining operations, with the number of BTC mined nearly quadrupling to 1,673 coins during the quarter.