Bitdeer reports Q2 EPS (36c) vs. (14c) last year

Reports Q2 revenue $93.8M vs. $89.2M last year. Linghui Kong, Chief Executive Officer of Bitdeer, commented, “During the second quarter of 2023, our total revenues increased by 5% year over year to $93.8 million, demonstrating the resilience of our unique business model and our strategic execution capabilities. At the same time, we continued to advance our initiatives to bolster and grow our business, as we delivered year-over-year increases in aggregate electrical capacity and total hash rate under management. On the infrastructure front, we forged ahead with our efforts to expand our global footprint and diversify our operations. Our 100MW mining datacenter in Bhutan is in the process of power-on testing, and the mining machines are beginning stable operation. In addition, we recently commenced construction of a 175MW immersion cooling datacenter at our Tydal mining facility in Norway, which is expected to be completed in 2025. In line with our dedication to creating additional value for our shareholders, we introduced a share repurchase program of up to $1,000,000. Bolstered by our prudent operational and infrastructure investments, we are excited about the opportunities ahead, and confident that we are well-positioned to meet demand for our services and drive long-term growth.”