
Bitcoin Depot, a Bitcoin ATM company, reported $135 million in revenue for Q3 2024, representing a 25% decrease year-over-year. Bitdeer Technologies reported a net loss of $50.1 million in Q3 2024, down from $37.2 million in Q3 2023, due to the Bitcoin halving, increased hashrate, decreased hosting revenue, and higher R&D expenses for the SEAL02 chip. Bitdeer's revenue of $62 million missed expectations by $15.45 million, and its GAAP EPS of -$0.35 missed by $0.23. Gross profit fell to $2.8 million, and adjusted EBITDA turned negative at $8.5 million. Bit Digital reported a total revenue of $22.7 million for Q3 2024, a 96% increase compared to Q3 2023, driven by the commencement of its high-performance computing services business. However, Bit Digital's GAAP EPS of -$0.26 missed expectations by $0.23.
NEW: Bitdeer reports a net loss of $50.1M in Q3 2024, down $37.2M in Q3 2023, due to the #Bitcoin halving, increased hashrate, decreased hosting revenue, and higher R&D expenses for the SEAL02 chip. Gross profit fell to $2.8M, and adjusted EBITDA turned negative at $8.5M. https://t.co/KnTavTvY91
$btbt qtr as expected. Note the mark to market on btc eth holdings neg sept but here its super positive for 4q (neither matter non cash) Most positive is reits $100m run rate HPC by end 2024. Mkt cap $500m. Cash $106m, BTC and eth holdings $146m. So mkt cap ex cash and coin…
$BTDR (-4.1% pre) Bitdeer Technologies GAAP EPS of -$0.35 misses by $0.23, revenue of $62M misses by $15.45M - SA https://t.co/Gl8gJw73ac


