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Edge17 Apr 2026
The New York Times Company: Adapting to the Times
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Bitdeer Technologies Group
Bitdeer Technologies Group (BTDR) investor relations material
Bitdeer Technologies Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
Q4 2025 revenue reached $225 million, up 226% year-over-year, with net profit of $70.5 million, driven by higher self-mining hash rate and SEALMINER sales.
Adjusted EBITDA was $31.2 million, improving from a loss in Q4 2024 but down sequentially, as gross profit was $10.6 million amid lower Bitcoin prices and higher costs.
Strategic focus remains on Bitcoin mining, ASIC development, and HPC/AI, with significant expansion in global power and infrastructure portfolio.
Company exited the year with over 55 EH/s self-mining hash rate, increasing to 63 EH/s by January 2026, establishing a leading position among public miners.
Expanded AI/HPC strategy, including new chip development and increased headcount.
Financial highlights
Q4 consolidated revenue: $224.8 million, up 225.8% year-over-year and 32.5% sequentially.
Self-mining revenue: $168.6 million, up 306% year-over-year and 28.7% sequentially.
SEALMINER sales revenue: $23.4 million, up 105.4% sequentially.
Gross margin declined to 4.7% from 7.4% in Q4 2024 and 24.1% in Q3 2025, mainly due to lower Bitcoin prices and higher costs.
Adjusted EBITDA: $31.2 million, improved from -$4.3 million in Q4 2024 but down from $39.6 million in Q3 2025.
Net profit for Q4 2025 was $70.5 million, compared to a net loss of $531.9 million in Q4 2024.
Outlook and guidance
2026 infrastructure spend for crypto mining data center construction expected at $180 million-$200 million, excluding CapEx for SEALMINERS, GPUs, and AI Cloud/colocation.
Major U.S. GPU-as-a-Service expansion contingent on customer contracts; no speculative large-scale deployments planned.
2.0 GW of power capacity targeted to be online by Q4 2026, with a global pipeline of 3.0 GW.
Clarington, OH site (570 MW) expected to be power-ready in Q3 2026, supporting future HPC/AI growth.
Anticipates continued improvement in fleet-wide mining efficiency and further SEALMINER A3 deployment throughout 2026.
HPC/AI capacity pipeline and timelines
SEAL-DL1 chip's future efficiency impact
Convertible notes: total face value outstanding
What drives colocation priority for large AI sites?
Impact of altcoin mining on overall strategy?
Estimate 2026 AI/GPU CapEx beyond current guidance
Partial view of Summaries dataset, powered by Quartr API
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Latest events from Bitdeer Technologies Group
- Net income soared to $409.5M despite revenue and margin declines post-halving.BTDR
Q1 202517 Mar 2026 - Q2 revenue hit $155.6M, up 122%, but net loss deepened to $147.7M on higher costs.BTDRQ2 202517 Mar 2026
- Q3 revenue and margins declined, but self-mining and SEALMINER initiatives advanced.BTDRQ3 202413 Jan 2026
- Q4 revenue fell to $69M and net loss hit $531.9M, but ASIC innovation targets 2025 growth.BTDRQ4 202418 Dec 2025
- Resale of 186,627 Class A shares by a major holder; no proceeds to the company.BTDRRegistration Filing16 Dec 2025
- Plans to raise up to $1B for blockchain, AI, and datacenter growth amid crypto market risks.BTDRRegistration Filing16 Dec 2025
- $100M private placement fuels datacenter and tech growth; 23.6M shares registered for resale.BTDRRegistration Filing16 Dec 2025
- Revenue up 173.6% YoY to $169.7M; adjusted EBITDA $43M; net loss $266.7M on non-cash items.BTDRQ3 202510 Nov 2025
- Revenue up, margins improved, and self-mining doubled amid major tech and infrastructure gains.BTDRQ2 202413 Jun 2025
Next Bitdeer Technologies Group earnings date
Q1 202614 May, 2026
Bitdeer Technologies Group
Next Bitdeer Technologies Group earnings date
Q1 202614 May, 2026
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