Bitdeer stock plunges amid massive losses

Shares of Bitcoin miner Bitdeer dropped sharply due to massive losses incurred in the third quarter of 2025.

From July to September, the company generated $169.7 million in revenue and mined 1,109 BTC worth $117.8 million at the current rate. However, due to high operating costs and debt repayment expenses, the company posted a $266.7 million loss — more than five times higher than the losses recorded in the same period last year.

The disappointing results reported in the company’s filing triggered a sell-off in Bitdeer’s stock. Within a few hours, the share price plunged 26%, falling to a monthly low of $17.38, the lowest level since October.

In an effort to return to profitability, the company’s management decided to redirect part of its computing power from cryptocurrency mining to data processing for artificial intelligence. However, this shift brought only $1.8 million in revenue — a small amount that is expected to grow as the firm allocates additional hash rate to AI services using newly deployed hardware.

As of September 30, Bitdeer held 2,029 BTC valued at $215.5 million. The drop in the company’s stock price may have also been amplified by the ongoing bearish trend in the digital asset market. On November 10, the price of BTC exceeded $105,000, but even that figure remains more than $20,000 below its peak — hardly reassuring for the miner’s shareholders.

See also: "Hashprice Falls to $40. Bitcoin Miners Enter “Survival Mode”"

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