Bit Deer produced 1,299 bitcoins in Q4 2023, with total revenue exceeding 110 million USD

2024-03-05 00:03:24

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ChainCatcher news, Bitdeer announced its financial and operational performance for the fourth quarter of 2023, with total revenue of approximately $114.8 million, compared to $77.1 million in the fourth quarter of 2022.

In addition, its self-mining revenue was approximately $46.9 million, while in the fourth quarter of 2022 it was $10.6 million. Cloud computing revenue was approximately $16.3 million, general hosting revenue was approximately $25.2 million, and membership hosting revenue was approximately $23.4 million. Adjusted EBITDA was between $32.1 million and $38.1 million, and as of December 31, 2023, cash and cash equivalents were approximately $144.7 million. The total amount of Bitcoin mined (self-mining only) was approximately 1,299 coins.

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