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      Bitdeer Reports Significant Net Loss in First Half of 2026

      Bitdeer, a mining company, announced a net loss of $251.8 million for the first half of 2026, as detailed in its unaudited consolidated financial statements. This marks a stark contrast to the same period last year, when the company reported a net profit of $42.38 million. In the first half of 2026, Bitdeer generated net revenue of $417.7 million, up from $225.7 million in the previous year, but faced substantial losses with a gross loss of $47.57 million and an operating loss of $208.3 million.

      As of June 30, 2026, Bitdeer holds digital assets valued at approximately $34.762 million, which includes 406 Bitcoin (BTC) worth about $24.455 million and 3,080 Ethereum (ETH) valued at around $4.962 million. Additionally, the company has approximately $162.2 million in digital asset receivables, primarily from USDT pledged to the related party BIT Group. The combined total of digital assets and receivables stands at approximately $196.9 million, with most assets custodied by BIT Group.

      The financial results reflect the ongoing challenges in the cryptocurrency mining sector, which has been impacted by fluctuating market conditions and regulatory developments. Bitdeer's significant losses highlight the volatility and risks associated with digital asset investments.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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