Bitdeer, the Bitcoin mining company, reported a net loss of $50.1 million in the third quarter of 2024. 📉 Revenues fell to $62 million from $87.3 million in the same period last year. The decline was driven by the Bitcoin halving, rising global hashrate, and lower hosting revenues. The company’s gross profit fell to $2.8 million from $21.1 million. 💸