Bitdeer Posts US$224.8M Q4 Revenue and US$70.5M Net Profit
Bitdeer reported Q4 revenue of US$224.8 million and net profit of US$70.5 million, reversing a US$531.9 million loss in Q4 2024 while delivering adjusted EBITDA of US$31.2 million. It closed the quarter with US$149.4 million cash, US$218.6 million in crypto receivables and a 3.0 GW power portfolio.
1. Q4 Financial Performance
Bitdeer generated US$224.8 million in Q4 revenue with US$214.3 million cost of revenue, producing US$10.6 million gross profit and a net profit of US$70.5 million compared to a US$531.9 million loss in Q4 2024. Adjusted EBITDA reached US$31.2 million and the company held US$149.4 million cash and US$218.6 million crypto receivables at quarter end.
2. Operational Metrics
The company managed a total hash rate of 71.0 EH/s, including 58.0 EH/s proprietary operations and 55.2 EH/s self-mining, supported by 293,000 mining rigs. In Q4, Bitdeer self-mined 1,673 Bitcoins and held 2,017 on its balance sheet, demonstrating significant scaling of self-mining efficiency.
3. Power Infrastructure and Strategy
As of January 31, 2026, Bitdeer operated 1.658 GW of electrical capacity across eight sites and had a 1.344 GW pipeline, targeting AI colocation and crypto mining. Management emphasized a dual-track AI infrastructure strategy leveraging power-rich assets to accelerate GPU-as-a-service and colocation offerings.