Bitdeer's third-quarter revenue was 320700000 USD, with AI cloud backlog orders of approximately 2900000000 USD
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AT A GLANCE
Bitdeer's third-quarter revenue reached 320700000 USD and AI cloud backlog orders were approximately 2900000000 USD, but it still had a net loss of 125500000 USD, and the financial report was unaudited.
Article
Bitdeer's third-quarter revenue reached a record 320000000 USD, with AI cloud backlog orders of approximately 2900000000 USD
PANews November 10 news, according to a GlobeNewswire announcement, Bitcoin mining company Bitdeer (BTDR) released its unaudited financial report for the third quarter of 2026. Quarterly revenue reached a record 320700000 USD, up 89% year-over-year; adjusted EBITDA was 69600000 USD, up 173% year-over-year; net loss was 125500000 USD, including a 54600000 USD non-cash loss from changes in the fair value of digital asset borrowings. The company self-mined 3855 Bitcoins during the quarter and held only 47 BTC at quarter-end. The company's AI cloud business has backlog orders of approximately 2900000000 USD, with approximately 332 megawatts of AI cloud computing capacity locked in.
PANews, citing a GlobeNewswire announcement, reported that Bitdeer (BTDR) released its unaudited financial report for the third quarter of 2026.
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Quarterly revenue reached a record 320700000 USD, up 89% year-over-year.
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Adjusted EBITDA was 69600000 USD, up 173% year-over-year.
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Net loss was 125500000 USD, including a 54600000 USD non-cash loss from changes in the fair value of digital asset borrowings.
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The company self-mined 3855 Bitcoins during the quarter and held 47 BTC at quarter-end.
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The AI cloud business has backlog orders of approximately 2900000000 USD, with approximately 332 megawatts of AI cloud computing capacity locked in.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report presents both revenue growth and net loss: growth in revenue and adjusted EBITDA does not mean the company has achieved net profitability. AI cloud backlog orders and quarterly revenue are different measures, and the approximately 2900000000 USD in orders cannot be directly treated as realized revenue. The original text also does not state when the orders will be fulfilled.
Why it matters to readers
This financial report places Bitcoin self-mining, AI cloud orders, and the company's overall performance together. The focus of observation is whether revenue growth can be accompanied by improvement in losses, and how AI cloud orders will be fulfilled going forward, rather than just the revenue record.
When reading, one should distinguish between revenue, adjusted EBITDA, and net profit, and should not infer how many Bitcoins the company sold based solely on the gap between self-mined quantity and quarter-end holdings.
Risks and unknowns
The financial report is unaudited, and the financial data in the report has not yet been confirmed by an audit.
The original text does not disclose the execution time, revenue recognition arrangements, or specific terms of the AI cloud backlog orders.
The original text does not provide details on Bitcoin sales or transfers, so the amount sold cannot be inferred from the self-mined quantity and quarter-end holdings.
The original text does not provide market expectations or stock price reactions, so it is impossible to judge how the market evaluates this performance.
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Adjusted EBITDA
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