Golden Finance reported that BitDeer announced unaudited financial results and operational updates for the first quarter of 2024, with total revenue of $119.5 million in the first quarter, compared with $72.6 million in the first quarter of 2023, a year-on-year increase of 64.6%. Net profit was $600,000, compared with a net loss of $9.5 million in the first quarter of 2023, and adjusted profit was $8.4 million, compared with $2.8 million in the first quarter of 2023. As of March 31, 2024, cash and cash equivalents were $118.5 million.