Bitcoin mining company Bitdeer announced its third quarter financial report for 2024, with a net loss of 50.1 million dollars and total revenue falling to 62 million dollars year-on-year. Contributing factors include Bitcoin halving and an increase in global hash rate. Gross profit decreased from 21.1 million dollars in the same period last year to 2.8 million dollars, and adjusted EBITDA also turned from positive to negative. However, cash reserves have surprisingly increased to 291.3 million dollars. The mining winter is coming, what do you all think? 💭 #Blockchain #Bitcoin #Mining