On February 13, after Bitdeer Technologies Group announced its Q4 2025 earnings, the stock price dropped over 8% on the same day, falling below $11 despite the company’s strong rebound from significant losses to profitability. Data shows that Bitdeer’s net profit for this quarter reached $70.5 million, compared to a loss of $531.9 million in the same period last year; revenue surged from $69 million to nearly $225 million, nearly doubling.
Bitcoin operations are the main driving force. During the quarter, the company mined a total of 1,673 bitcoins, significantly higher than 469 in the same period last year; mining revenue increased from $41.5 million to $168.6 million, accounting for most of the revenue. Meanwhile, its total hash rate management capacity has risen to 71 EH/s, with self-mining hash rate at 55.2 EH/s, and hosted hash rate growing in tandem, surpassing some peers in hash rate scale.
However, the market is more focused on cost pressures. Gross margin declined from 7.4% to 4.7%, mainly due to increased electricity costs, equipment depreciation, and higher R&D investment in SEALMINER chips. Data from BitcoinTreasuries shows that Bitdeer sold some bitcoins between January and February 2026, reducing holdings from over 2,000 to about 1,040, possibly to support expansion plans.
The company is accelerating diversification, planning to convert some mining farms into artificial intelligence and high-performance computing workloads, and disclosed that its global operations and projects under construction have an electricity capacity of approximately 3 gigawatts, laying the foundation for dual-purpose data centers.
Roth Capital analyst Darren Aftahi lowered the target price from $40 to $30 but maintained a “Buy” rating. He believes the company’s shift toward AI infrastructure has potential, but profit margin pressures and reduced bitcoin holdings make investors cautious about short-term performance.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC briefly fell below 68,000 USDT, and the 24H price increase narrowed to 0.03%
Gate News message, April 1, market conditions show that BTC briefly fell below 68000 USDT, currently at 67999.9 USDT, with the 24H gain narrowing to 0.03%.
GateNews51m ago
Bitcoin Hovering at $68K as Traders Predict Near-Term Decline
Bitcoin has each week stretched the same narrative: a narrowing price range after a dip to $60,000 in early February, with bulls and bears locked in a quiet tug-of-war. The last few days have seen BTC flicker between its daily highs and lows in a compact corridor, leaving traders debating whether th
CryptoBreaking1h ago
Nakamoto BTC Sale Signals Sectorwide DAT Contagion, Analyst Says
Bitcoin treasury holders have faced a renewed wave of scrutiny as market stress spread through the sector. Nakamoto (NAKA), a prominent crypto treasury company, disclosed March sales that locked in losses, a signal that broader capital discipline could intensify in the coming weeks. The
CryptoBreaking2h ago
RWA Trading Boom Fuels Bitcoin and Tron While APEMARS Leads Best 100x Crypto to Buy Today Trends At $0.00017238
The crypto market is entering a new phase where institutional-grade innovation is beginning to merge with retail accessibility. Bitcoin continues to hold strong near the $67K range while Tron expands its ecosystem through AI integration and steady network growth. These developments reflect a
CaptainAltcoin2h ago
Bitcoin Transaction Fees Hit Lowest Level Since 2017: But It’s Not Due to Weak Demand
The average transaction fee on the Bitcoin network has fallen below $0.40 for the first time since 2017, according to on-chain data shared by analyst Darkfost.
The drop is markedly different from other times in the past when low costs were triggered by low usage, as it has come while daily transact
CryptoPotato2h ago
Schiff Warns Strategy Ad May Trigger Lawsuits over Bitcoin Risks
Schiff Flags Legal Risks in STRC Promotion
Peter Schiff criticized Strategy’s recent advertisement and questioned its portrayal of financial outcomes linked to STRC stock. He argued that the campaign presents an overly optimistic lifestyle narrative tied to investment performance, and that such mes
CryptoBreaking2h ago
