Bitcoin mining tech maker Bitdeer's Q3 revenue surges 174%, beats estimates
Overview
Bitdeer Q3 2025 rev grows 173.6% yr/yr, beating analyst expectations
Adjusted EBITDA for Q3 2025 beats consensus, reflecting operational improvements
Company posts net loss for Q3 2025, missing analyst expectations
Outlook
Company expects AI cloud services to generate over $2 bln annualized revenue by end of 2026
Bitdeer targets SEALMINER A3 mass production to begin in Q1 2026
Company sees global AI infrastructure shortage persisting through at least 2027
Result Drivers
SELF-MINING EXPANSION - Revenue growth driven by increased self-mining hashrate and higher Bitcoin prices
AI STRATEGY - Co expanding AI initiatives to capture global demand for compute, leveraging 3.0 GW power portfolio
SEALMINER PRODUCTION - Mass production of SEALMINER A3 underway, SEAL04 samples show power efficiency
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $169.70 mln | $154.26 mln (11 Analysts) |
Q3 Net Income | Miss | -$266.70 mln | -$30.41 mln (4 Analysts) |
Q3 Adjusted EBITDA | Beat | $43 mln | $18.32 mln (11 Analysts) |
Q3 Gross Profit |
| $40.80 mln |
|
Q3 Operating Expenses |
| $60.50 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"
Wall Street's median 12-month price target for Bitdeer Technologies Group is $32.00, about 31.3% above its November 7 closing price of $21.99
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nGNX8NpQ8
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
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