🧵 1. Bitcoin miner Bitdeer Technologies reports Q2 net loss of $40.4M, up from $15.6M in Q2 2022. Revenue rises by 5.2% to $93.8M #crypto
🧵 1. Bitcoin miner Bitdeer Technologies reports Q2 net loss of $40.4M, up from $15.6M in Q2 2022. Revenue rises by 5.2% to $93.8M #crypto
🧵 2. Bitdeer attributes significant losses to $33.2M listing fee paid to Blue Safari for Nasdaq listing. Shares surge 44% on $150M share purchase agreement
🧵 3. Bitdeer's market cap reaches $1.5B as Bitcoin hash rate grows from 10.5 EH/s to 18.8 EH/s in a year. ASICs under management increase from 119K to 199K
🧵 4. Bitdeer mines 758 BTC in Q2 2023, up from 521 BTC in Q2 2022. Company unveils 18K-machine rig in Bhutan and plans 175MW mining center in Norway
🧵 5. Bitdeer's IPO, delayed by crypto winter, is now complete. Holds $130M in cash equivalents, $30M in debt. Explore Jameson Lopp's first impressions of Bitcoin in magazine article
🧵 Read more at: https://cointelegraph.com/news/bitdeer-losses-widen-q2-after-one-time-33-m-listing-fee-shares-up-44