Bitdeer Stock Tumbles Despite Revenue Beat, Widened Net Loss

Bitdeer Technologies Group, operator of the BTDR stock, reported its Q2 earnings on Monday. Despite showing strong revenue growth, the company's net loss widened to $92.3 million from $62.9 million a year earlier.

The company mined 2,694 BTC in Q2, up nearly fivefold from 565 BTC in Q2 2025. Revenue rose 47% year-over-year to $228.8 million, edging past Wall Street's estimate of $225 million. However, the stock fell over 15% on Monday.

Bitdeer's CFO Michael Potter pointed to the company's AI infrastructure buildout as a key focus. The company has been expanding into AI data centers and high-performance computing over recent quarters. In August, Bitdeer signed a 16-year lease worth $4.7 billion for 121 megawatts of AI computing capacity at its Tydal campus in Norway.

The company's Bitcoin holdings dropped to just 150 BTC on its balance sheet, down 90% from the 1,502 BTC it held a year earlier. Bitdeer sold off its entire 943 BTC treasury in February due to liquidity reasons.