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Bitdeer Technologies Group

bitdeer.com

What Do They Do?

Provides cryptocurrency miners with mining equipment and services, and offers computing services for customers developing artificial-intelligence applications.

Who Are Their Customers?

Cryptocurrency miners are customers for mining rigs, cloud hash-rate plans and hosting; customers with artificial-intelligence computing needs use AI cloud services.

Do Revenues Turn Into Profits?

Yes. It kept 11 cents of every revenue dollar as net income in .

Operating income,
−30% of revenue
▲ +122% (Loss) vs (−$82.9M, −24%)
Net income,
11% of revenue
▲ Now profitable vs (−$599.2M, −171%)

How Are They Changing?

Artificial-intelligence services The earlier report centers on cryptocurrency mining and related services; the latest also describes artificial-intelligence cloud computing and colocation services.

Proprietary mining rigs The earlier report describes sourcing mining machines from suppliers and selling them from time to time; the latest describes developing SEALMINER rigs and selling them to third-party customers.

Who Do They Compete With?

Competes with Applied Digital, Argo Blockchain, Bit Digital, Bitfarms, Bitmain Technologies, Canaan, Cipher Mining, CleanSpark, Core Scientific, CoreWeave, Galaxy Digital Holdings, Greenidge Generation Holdings, Hive Blockchain Technologies, Hut 8 Mining, Iris Energy, Marathon Digital Holdings, MicroBT, Nebius Group, Riot Blockchain, and TeraWulf

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