Bitdeer Technologies Group reported unaudited financial results for the second quarter ended June 30, 2026. Total revenue increased to US$228.8 million from US$155.6 million in the prior year period, driven by a 389% increase in self-mining hashrate and growth in AI Cloud services. However, cost of revenue rose to US$237.3 million, resulting in a gross loss of US$8.5 million compared to a gross profit of US$12.0 million previously. The company reported a net loss of US$92.3 million versus US$62.9 million, while Adjusted EBITDA improved significantly to US$31.1 million from US$4.6 million. Cash and equivalents stood at US$496.3 million as of quarter-end. Bitdeer operates in the cryptocurrency mining and artificial intelligence infrastructure industry.
