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
Tim Draper: The next decade will focus on promoting the development of the Bitcoin ecosystem, AI, and space technology
American billionaire Tim Draper posted on X, emphasizing that his goal is to promote entrepreneurship and venture capital worldwide. He early invested in over 60 unicorns including Tesla and SpaceX, and in the future, he will focus on space, transportation technology, AI efficiency, and the development of the Bitcoin ecosystem.
GateNews1m ago
Arthur Hayes Says He Won't Bet on Bitcoin Now, Waits for Fed Money Printing
BitMEX co-founder Arthur Hayes has stated he would not invest in Bitcoin at current levels, preferring to wait until the U.S. Federal Reserve begins easing monetary policy and "printing money" to support the American war machine amid escalating conflict with Iran.
CryptopulseElite25m ago
Bitcoin reclaims $70,000 triggering FOMO sentiment, Santiment: BTC may迎 a new round of upward momentum
Bitcoin price rebounds to $70,000, market sentiment improves, positive discussions increase on social media, and investor confidence is restored. Trump's comments on the Middle East situation have eased market risks, and increased institutional capital inflows boost confidence. Although sentiment indicators remain cautious, market corrections may lay the foundation for a rebound.
GateNews26m ago
Yesterday, US Bitcoin spot ETF net inflow was $218.66 million, with BlackRock IBIT accounting for over 70%.
On March 10th, the US Bitcoin spot ETF saw a net inflow of $218.66 million, with BlackRock IBIT accounting for 70.2%. Other funds such as Fidelity FBTC, Bitwise BITB, and others also experienced varying degrees of net inflows.
GateNews46m ago
