Bitdeer Sets Quarterly Revenue Record but Posts a $125.5M Loss

Crypto Economy reported that Bitdeer generated $320.7 million in total revenue during the third quarter of 2026, a record for the company and an 89% increase from the corresponding quarter a year earlier. The mining company nevertheless ended the quarter with a $125.5 million net loss, compared with $30.1 million in the prior-year period, according to the outlet’s summary of the results.

The two figures present sharply different aspects of Bitdeer’s performance. Revenue increased by $320.7 million on a year-over-year basis, while the net loss expanded by $95.4 million to more than four times the previously reported loss. Based on the supplied figures, the quarter combined a new revenue high with weaker bottom-line results; Crypto Economy’s summary does not provide enough detail to identify which specific operating or non-operating items drove the larger loss.

The supplied coverage from the other two outlets does not corroborate Bitdeer’s results because each covers a different company. NewsBTC reported approximately $126 million in third-quarter net income for American Bitcoin, which said its Bitcoin reserve increased through mining rather than new spot purchases during the period. Unchained, meanwhile, reported that MARA Holdings sold Bitcoin to repay $750 million in Bitcoin-collateralized loans and, by its calculation, retained about $350 million from the sale. These are separate corporate developments rather than additional descriptions of Bitdeer’s earnings.

The broader Bitcoin mining setting includes a verified network hashrate of 961 exahashes per second and mining difficulty of 148.4 trillion, according to mempool.space. Those live network readings provide industry context for the quarter’s revenue and mining activity, but the supplied coverage does not connect Bitdeer’s results directly to either network metric or explain whether changes in mining economics contributed to the company’s loss.

Live market data show Bitcoin at $73,337, down 1.92% over 24 hours and 5.28% over seven days, with a market capitalization of $1.47 trillion. The broader crypto market was broadly down, with total capitalization at $2.51 trillion, while the Fear & Greed index stood at 32, indicating a “Fear” reading. The next reporting period will be relevant for determining whether Bitdeer’s revenue growth is accompanied by a narrower loss, while the contrasting mining and Bitcoin-reserve approaches reported for American Bitcoin and MARA highlight the differing strategies across publicly covered miners.