Overview
- Quarterly revenue rose 174% year over year to $169.7 million, beating analyst estimates.
- The company mined 1,109 BTC in Q3, ended with 2,029 BTC on its balance sheet, and operated about 241,000 rigs.
- Bitdeer recorded $1.8 million in first AI and high-performance computing revenue and is targeting allocating about 200 MW to AI services.
- Management reiterated a projection that AI could exceed a $2 billion annualized run rate by the end of 2026, contingent on securing that 200 MW.
- Mass production of the SEALMINER A3 began as development of the SEAL04 chip was disclosed as significantly delayed, and self-mining capacity reached 41.2 EH/s by the end of October.