Bitdeer Announces Q4 2023 Financial and Operational Results
According to Foresight News, Bitdeer has released its financial and operational results for the fourth quarter of 2023. The total revenue for Q4 2023 is approximately $114.8 million, compared to $77.1 million in Q4 2022. Self-mining revenue is around $46.9 million, up from $10.6 million in Q4 2022. Cloud computing revenue is approximately $16.3 million, general hosting revenue is about $25.2 million, and member hosting revenue is around $23.4 million.
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) range between $32.1 million and $38.1 million. As of December 31, 2023, cash and cash equivalents are approximately $144.7 million. The total number of Bitcoins mined (self-mining only) is about 1,299.