Bitdeer Technologies Shares Drop After Wider-Than-Expected 4Q Loss

Dow Jones

02-25

By Chris Wack

Bitdeer Technologies shares were down 23% at $10.15 after the company reported a fourth-quarter loss that was wider than analysts had expected.

The blockchain technology company said it had a quarterly loss of $531.9 million, or $3.22 a share, compared with a loss of $5.1 million, or 5 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for a loss of $31.2 million, or 19 cents a share.

Revenue for the quarter was $69 million, compared with last year's $114.8 million and the $70.7 million analysts were expecting.

Cash and cash equivalents were $476.3 million as of Dec. 31, the company said. It held 594 bitcoin at the end of the quarter, compared with last year's 43 bitcoin.

Bitdeer attributed its wider quarterly loss to the non-cash expense of fair value changes of derivative liabilities, which are a $413.7 million of loss on fair value changes for convertible notes issued in August and November, and a $55.8 million of loss on fair value changes for warrants.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

February 25, 2025 10:29 ET (15:29 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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It held 594 bitcoin at the end of the quarter, compared with last year's 43 bitcoin. \n</p>\n<p>\n  Bitdeer attributed its wider quarterly loss to the non-cash expense of fair value changes of derivative liabilities, which are a $413.7 million of loss on fair value changes for convertible notes issued in August and November, and a $55.8 million of loss on fair value changes for warrants. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 25, 2025 10:29 ET (15:29 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Bitdeer Technologies Shares Drop After Wider-Than-Expected 4Q Loss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitdeer Technologies Shares Drop After Wider-Than-Expected 4Q Loss\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-02-25 23:29</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre>\n \n</pre>\n<p>\n  Bitdeer Technologies shares were down 23% at $10.15 after the company reported a fourth-quarter loss that was wider than analysts had expected. \n</p>\n<p>\n  The blockchain technology company said it had a quarterly loss of $531.9 million, or $3.22 a share, compared with a loss of $5.1 million, or 5 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for a loss of $31.2 million, or 19 cents a share. \n</p>\n<p>\n  Revenue for the quarter was $69 million, compared with last year's $114.8 million and the $70.7 million analysts were expecting. \n</p>\n<p>\n  Cash and cash equivalents were $476.3 million as of Dec. 31, the company said. It held 594 bitcoin at the end of the quarter, compared with last year's 43 bitcoin. \n</p>\n<p>\n  Bitdeer attributed its wider quarterly loss to the non-cash expense of fair value changes of derivative liabilities, which are a $413.7 million of loss on fair value changes for convertible notes issued in August and November, and a $55.8 million of loss on fair value changes for warrants. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 25, 2025 10:29 ET (15:29 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4023","symbol_name":"應用軟件","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514102015","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514102015","pubTimestamp":1740497340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Bitdeer Technologies shares were down 23% at $10.15 after the company reported a fourth-quarter loss that was wider than analysts had expected.The blockchain technology company said it had a quarterly loss of $531.9 million, or $3.22 a share, compared with a loss of $5.1 million, or 5 cents a share, in the same quarter last year. 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It held 594 bitcoin at the end of the quarter, compared with last year's 43 bitcoin. \n\n\n  Bitdeer attributed its wider quarterly loss to the non-cash expense of fair value changes of derivative liabilities, which are a $413.7 million of loss on fair value changes for convertible notes issued in August and November, and a $55.8 million of loss on fair value changes for warrants. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 25, 2025 10:29 ET (15:29 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}