The following is a summary of the Bitdeer Technologies Group (BTDR) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Bitdeer reported Q3 revenue of $62 million, with a gross profit of $2.8 million.

• Adjusted EBITDA was negative $8.5 million, primarily driven by impacts from the 2024 halving, higher global network hash rate, and lower hosting and cloud mining revenue.

• Self-mining revenue increased to $31.5 million, up 4.7%, due primarily to higher year-over-year Bitcoin prices.

Business Progress:

• Bitdeer is advancing its ASIC technology with the development and commercialization of its SEALMINER ASICs.

• Geographical diversification and expansion include new energy infrastructure projects in Tydal, Norway, and Rockdale, Texas, among others.

• The AI cloud business saw a 98% utilization of its NVIDIA DGX SuperPOD system in Singapore, showing strength in AI computing solutions.

Opportunities:

• Positioned to capitalize on the multibillion-dollar ASIC market with the commercialization of SEALMINER A2 in Q1 2025.

• Plans to expand data center operations, leveraging a global power capacity of 2.5 gigawatts to address the growing demand for HPC and AI data centers.

Risks:

• Financial stability affected by the industries' economic fluctuations, specifically the impacts from the 2024 halving and global network hash rate challenges.

• Potential operational disruptions noted in supply chain issues due to the U.S. dock workers' strike affecting project timelines.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.