Bitdeer Technologies Reports Record Revenue and 173% Jump in Adjusted EBITDA for Q3 2026
What happened
Bitdeer Technologies Group released its unaudited financial results for the third quarter ended September 30, 2026. Total revenues reached a record US$320.7 million, an 89% increase compared to the third quarter of 2025. Adjusted EBITDA rose 173% to US$69.6 million, while the company reported a net loss of US$125.5 million.
From manilatimes.net
Why it matters
The company secured approximately 332 IT MW of AI neocloud capacity and noted that its AI Cloud revenue backlog grew to about US$2.9 billion. Despite the net loss, the significant increase in Adjusted EBITDA and record revenue indicates strong performance in its AI neocloud services and Bitcoin mining infrastructure.
From manilatimes.net
Who's involved
- companyWorld-leading technology company for AI neocloud services and Bitcoin mining infrastructure
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The entities involved
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company
legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective
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Malaysia
country in Southeast Asia
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International Accounting Standards Board
the body in IFRS Foundation which develops IFRS