Bitdeer’s revenue beat contrasts with a sharply wider quarterly loss
Bitdeer reported record third-quarter revenue and a large year-over-year loss, while Bitcoin mining economics remained under pressure.
Bitdeer reported record third-quarter revenue and a large year-over-year loss, while Bitcoin mining economics remained under pressure. Bitcoin (BTC) is trading at $73,873.00, up 0.3% since this brief published. This is an original TLT brief based on reporting by Blockonomi, with live market data added, as of Wed, 11 Nov 2026 06:00:05 UTC.
The results show how stronger revenue and mining activity can coexist with rising costs and losses for publicly traded mining companies. Investors are weighing record production against Bitdeer’s expenses and limited reported BTC holdings.
- Revenue reached $320.7 million, roughly $69.6 million above estimates
- Per-share loss widened to $0.46 from an expected $0.37
- Bitdeer mined 3,855 BTC but reported holding 47 BTC
- Bitcoin trades at $73,670 with a 24-hour decline of 1.51%
- TeraWulf’s AI Computing Leases Now Anchor Most Quarterly Revenue
- Bitdeer’s revenue beat contrasts with a sharply wider quarterly loss — this brief
- Bitdeer’s Record Quarter Comes With a $125.5 Million Loss
Bitdeer reported third-quarter revenue of $320.7 million, up 89% year over year and approximately $69.6 million above the $251.11 million analyst estimate cited by Blockonomi. Revenue was a quarterly record for the company.
The stronger top line came with a weaker bottom line. Bitdeer recorded a per-share loss of $0.46, compared with the $0.37 analysts expected, while net loss expanded to $125.5 million from $30.1 million. Cost of revenue rose to $309.9 million. According to Blockonomi’s summary, the company mined 3,855 BTC during the quarter but held only 47 BTC, helping explain why the stock declined despite the revenue beat.
The 
Bitcoin network backdrop includes hashrate of 961 EH/s and difficulty of 148.4T, both measured by mempool.space. Bitdeer’s reported mining volume occurred against this competitive network environment, while the rise in its cost of revenue and year-over-year net loss shaped the negative market reaction to the results.
Live market data show Bitcoin at $73,670, down 1.51% over 24 hours and 3.63% over seven days. Bitcoin’s market capitalization stands at $1.48 trillion, while the total crypto market is broadly lower at $2.52 trillion. The Fear & Greed Index is at 29, placing sentiment in the Fear category. The next points to watch are Bitdeer’s cost trajectory, BTC production and holdings, and whether broader Bitcoin weakness continues to weigh on mining-sector sentiment.
Since this brief published about 13 hours ago, Bitcoin (BTC) has moved from $73,670.00 to $73,873.00 — +0.28%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦102.69M (about $73,873.00), down 1.2% over 24 hours. The naira itself trades about 2.9% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 11, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Bitdeer’s revenue beat contrasts with a sharply wider quarte — questions & answers
How did Bitdeer’s revenue compare with estimates?
Revenue reached $320.7 million, about $69.6 million above the $251.11 million estimate cited by Blockonomi.
Why did Bitdeer’s loss widen despite record revenue?
Cost of revenue climbed to $309.9 million, while net loss expanded to $125.5 million from $30.1 million.
How much Bitcoin did Bitdeer mine and hold?
The company mined 3,855 BTC during the quarter but held 47 BTC, according to Blockonomi.
How much is 1 Bitcoin worth in naira today?
About ₦102.69M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $73,873.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.28% since this brief first published — trading at $73,873.00 now versus $73,670.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Blockonomi. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.