See more : CB Scientific, Inc. (CBSC) Income Statement Analysis – Financial Results
Complete financial analysis of Bitdeer Technologies Group (BTDR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Bitdeer Technologies Group, a leading company in the Software – Application industry within the Technology sector.
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Bitdeer Technologies Group (BTDR)
About Bitdeer Technologies Group
Bitdeer Technologies Group operates as a technology company for the cryptocurrency mining community. It mines cryptocurrencies for its own account and serve the cryptocurrency mining community by providing cryptocurrency mining solution. The company handles various processes involved in mining, such as miner procurement, transport logistics, mining datacenter design and construction, mining machine management, and daily operations. It has mining datacenters deployed in the United States and Norway. The company is headquartered in Singapore.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 368.55M | 333.34M | 394.66M | 186.39M | 88.77M |
| Cost of Revenue | 290.75M | 250.09M | 153.26M | 209.56M | 98.84M |
| Gross Profit | 77.81M | 83.25M | 241.41M | -23.18M | -10.07M |
| Gross Profit Ratio | 21.11% | 24.97% | 61.17% | -12.43% | -11.34% |
| Research & Development | 29.53M | 35.43M | 29.50M | 9.79M | 4.75M |
| General & Administrative | 66.45M | 93.45M | 89.74M | 20.27M | 7.55M |
| Selling & Marketing | 8.25M | 11.68M | 8.45M | 5.57M | 3.14M |
| SG&A | 74.70M | 105.14M | 98.18M | 25.84M | 10.69M |
| Other Expenses | 25.82M | 281.00K | -91.00K | -474.00K | 480.00K |
| Operating Expenses | 130.06M | 140.52M | 127.65M | 35.32M | 15.43M |
| Cost & Expenses | 420.80M | 390.61M | 280.90M | 244.88M | 114.27M |
| Interest Income | 7.95M | 4.29M | 2.95M | 419.00K | 1.17M |
| Interest Expense | 5.43M | 5.20M | 2.44M | 823.00K | 955.00K |
| Depreciation & Amortization | 72.94M | 65.19M | 63.06M | 112.04M | 47.52M |
| EBITDA | 27.40M | 5.85M | 196.50M | 49.07M | 17.65M |
| EBITDA Ratio | 7.43% | 4.00% | 45.47% | 28.38% | 26.50% |
| Operating Income | -52.25M | -60.59M | 130.83M | -63.41M | -31.30M |
| Operating Income Ratio | -14.18% | -18.18% | 33.15% | -34.02% | -35.26% |
| Total Other Income/Expenses | 1.28M | -4.18M | 59.00K | -380.00K | 468.00K |
| Income Before Tax | -50.97M | -64.77M | 130.89M | -63.79M | -30.83M |
| Income Before Tax Ratio | -13.83% | -19.43% | 33.16% | -34.22% | -34.73% |
| Income Tax Expense | 5.69M | -4.40M | 48.25M | -7.96M | -2.93M |
| Net Income | -56.66M | -60.37M | 82.64M | -55.83M | -27.90M |
| Net Income Ratio | -15.37% | -18.11% | 20.94% | -29.95% | -31.43% |
| EPS | -0.51 | -0.54 | 0.74 | -0.50 | -0.25 |
| EPS Diluted | -0.51 | -0.54 | 0.74 | -0.50 | -0.25 |
| Weighted Avg Shares Out | 110.49M | 111.29M | 111.29M | 111.29M | 111.29M |
| Weighted Avg Shares Out (Dil) | 110.49M | 111.29M | 111.29M | 111.29M | 111.29M |
Bitdeer to Participate in a Fireside Chat Hosted by H.C. Wainwright
SINGAPORE, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced its participation in a virtual fireside chat hosted by H.C. Wainwright & Co....
Bitdeer Announces Appointment of Jihan Wu as New Chief Executive Officer as Linghui Kong Transitions to Chief Business Officer
SINGAPORE, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced the appointment of Mr. Jihan Wu, the Company's Founder and Chairman of its...
Bitdeer Named One of Singapore's Fastest Growing Companies 2024
Bitdeer is the first blockchain company to be honored, ranking 6th of 18 in the IT & Software Category and 34th of 100 overall Bitdeer is the first blockchain company to be honored, ranking 6th of 18 in the IT...
Bitdeer's (NASDAQ: BTDR) Eco-Friendly Bet On Bhutan: How Balancing Growth With Environmental Impact Is Paying Off For The Company
SINGAPORE / ACCESSWIRE / January 23, 2024 / Singapore-based Bitdeer Technologies Group (NASDAQ:BTDR) reports having the largest global footprint of any publicly traded Bitcoin miner, but it is still making strides in its expansion. As just one facet of its...
Bitdeer Announces December 2023 Operations Updates
SINGAPORE, Jan. 05, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced its unaudited mining and operations updates for December 2023.
Bitdeer Technologies Group (NASDAQ: BTDR) Q3 Earnings Highlights: Net Loss Slashed, Gross Profit And Gross Margin Up
SINGAPORE / ACCESSWIRE / December 29, 2023 / Bitdeer Technologies Group (NASDAQ:BTDR), a global leader in blockchain and high-performance computing, recently announced its unaudited financial results for the third quarter of 2023 . The report provides a thorough analysis of...
H.C. Wainwright Reiterated Its Buy Rating On Bitdeer Technologies (NASDAQ: BTDR) This Month Citing A "Compelling Buying Opportunity" - Here's Why
SINGAPORE / ACCESSWIRE / December 12, 2023 / The investment bank H.C. Wainwright released a report on November 16, 2023, presenting a comprehensive analysis of Bitdeer Technologies Group (NASDAQ:BTDR) and reiterating its buy rating.
Bitdeer Announces November 2023 Operations Updates
SINGAPORE, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced its unaudited mining and operations updates for November 2023.
Bitdeer Joins Forces With Nvidia In Cloud Service Launch
SINGAPORE / ACCESSWIRE / November 30, 2023 / Bitdeer Technologies Group (NASDAQ:BTDR), a trailblazer in blockchain and high-performance computing , has recently announced a strategic partnership with NVIDIA Corporation, marking a significant milestone in its journey. This collaboration heralds the...
Bitdeer Reports Unaudited Financial Results for the Third Quarter of 2023 and Operational Update
SINGAPORE, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced its unaudited financial results for the third quarter ended September 30, 2023.
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