Bitdeer Reports a Net Loss of $251.8 Million in the First Half of 2026

Mining company Bitdeer released its unaudited consolidated financial statements for the period ending June 30, 2026, reporting a net revenue of $417.7 million for the first half of 2026, compared to $225.7 million in the same period last year. During the same period, the company recorded a gross loss of $47.57 million, an operating loss of $208.3 million, and a net loss of $251.8 million, compared to a net profit of $42.38 million in the same period last year. Bitdeer directly holds digital assets with a fair value of approximately $34.76 million, including 406 BTC valued at about $24.45 million; 3,080 ETH valued at about $4.962 million; 5.3116 million USDT valued at about $5.304 million; as well as 7,447 FIL and a small amount of other digital assets. The company also recorded approximately $162.2 million in receivables from digital assets, primarily consisting of about 162.4 million USDT pledged to the related party BIT Group. The total of digital assets and receivables from digital assets amounts to approximately $196.9 million, with the majority of the digital assets held in custody by the related party BIT Group.

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