{"id":4002,"date":"2024-12-10T13:17:31","date_gmt":"2024-12-10T13:17:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4002"},"modified":"2024-12-10T13:17:31","modified_gmt":"2024-12-10T13:17:31","slug":"bitdeer-technologies-group-nasdaq-btdr-overcame-short-term-challenges-in-q3-setting-its-sights-on-the-long-game","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4002","title":{"rendered":"Bitdeer Technologies Group (NASDAQ: BTDR) Overcame Short-Term Challenges In Q3, Setting Its Sights On The Long Game"},"content":{"rendered":"
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With the Bitcoin price setting a fresh all-time high over $100,000, BTC miners are once again in the spotlight. Meanwhile, market prognosticators suggest that the crypto rally has only just begun, with predictions for the Bitcoin price reaching $200,000 already<\/a> adding to the momentum.\u00a0<\/p>\n

One company that may be well-positioned to ride this bullish blockchain wave is Bitdeer Technologies <\/strong>(NASDAQ:BTDR<\/a>). Not only is Bitdeer equipping Bitcoin miners with ASIC equipment and chips, but it is also developing data mining centers globally to fulfill its artificial intelligence (AI) and high-performance computing aspirations. The company has just reported its Q3 2024 results, marking its maiden earnings call since becoming a listed company last year. Since that time, the BTDR stock price has more than doubled.\u00a0<\/p>\n

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Bitdeer 1-Month Stock Chart\/Benzinga\u00a0<\/a><\/p>\n

“This quarter marked a foundational period for Bitdeer, focused on the advancements of our key technological and strategic initiatives,” said Bitdeer chief business officer Matt Kong.<\/p>\n

Bitdeer has several high-tech business lines driving growth. Investors interested in the company’s value participation in Bitcoin mining, data centers, AI and more can learn about Bitdeer’s financials here<\/a>.<\/p>\n

Bitdeer’s Q3 Financial Performance\u00a0<\/h2>\n

In Q3, Bitdeer’s total revenue came in at $62 million, down 28.9% year-over-year. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was negative $8.5 million compared with $28 million year-over-year. The company’s net loss widened to $50.1 million vs. $1.8 million in the year-ago period. Cash and cash equivalents were a bright spot, hovering at $291.3 million as of Q3, …<\/p>\n

Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

With the Bitcoin price setting a fresh all-time high over $100,000, BTC miners are once again in the spotlight. Meanwhile, market prognosticators suggest that the crypto rally has only just begun, with predictions for the Bitcoin price reaching $200,000 already adding to the momentum.\u00a0 One company that may be well-positioned to ride this bullish blockchain […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4002","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4002"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4002\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}