Bit Deer Q2 Financial Report: Total revenue of $93.8 million, Bitcoin production reached 758 coins

ChainCatcher news, Bitdeer announced its Q2 2023 financial report, with total revenue of $93.8 million in the second quarter, a net loss of $40.4 million, compared to a net loss of $15.6 million in the same period of 2022; adjusted profit for the second quarter was $2.3 million; adjusted EBITDA for the second quarter was $18.7 million; as of June 30, Bitdeer held cash and cash equivalents of $130.2 million. The total computing power in Q2 2023 was 18.8 EH/s, with a total of 199,000 mining machines; in Q2 2023, Bitdeer's self-mining operations produced 758 BTC, a year-on-year increase of 45.5%.

At the same time, Bitdeer's 100MW mining data center in Bhutan is undergoing power-on testing, with mining machines starting to operate stably, and construction of a 175MW immersion cooling data center is underway at the mining facility in Tydal, Norway.