Bitdeer Releases Full-Year Results For 2023 Revenue Up And Forecast For Continued Growth
–News Direct–
By Austin DeNoce, Benzinga
Bitdeer Technologies Group (NASDAQ: BTDR), a leader in Bitcoin mining and high-performance computing, reported its financial results for the full year ending December 31, 2023. Overall, the company showcased both growth and challenges in a market notorious for its volatility and capital intensity. With that in mind, and as competition in the space heats up, identifying the outliers capable of long-term growth is going to be critical. Here is a simplified breakdown of Bitdeers 2023 performance and what investors need to know going forward.
Financial Performance
Revenue Growth: Bitdeers total revenue increased to $368.6 million in 2023, up from $333.3 million in 2022. The company reports that this 10.6% growth reflects healthy growth in its operat...