BTDR Stock Crashes on Worsening Q2 Losses Amid Revenue Surge

Bitdeer Technologies Group (BTDR) shares plummeted 19.23% to close at $8.79 after releasing second-quarter financial results showing a net loss of $92.3 million.

The cryptocurrency mining firm delivered impressive 47% revenue expansion compared to the prior year, reaching $228.8 million in Q2 revenues.

Self-mining operations generated the bulk of income at $168.4 million, fueled by dramatically higher computational capacity deployment. Co-mining services contributed an additional $25.0 million to total revenues, while the emerging AI Cloud segment brought in $14.0 million.