Catenaa, Wednesday, February 18, 2026- Bitdeer Technologies Group swung to a fourth-quarter profit as revenue nearly tripled, fueled by expansion in its bitcoin self-mining operations, though shares fell 8% following the earnings report.
The Singapore-based firm reported $224.8 million in revenue for the quarter ending December 31, up from $69 million a year earlier.
Net profit reached $70.5 million, reversing a $531.9 million loss in Q4 2024.
Total managed hash rate climbed to 71 exahashes per second, including 55.2 EH/s of self-mining, positioning Bitdeer as one of the largest publicly traded bitcoin miners by computing capacity.
The firm held just over 2,000 BTC at quarter-end, though recent sales have reduced holdings to roughly 1,040 BTC to fund continued mining and AI infrastructure expansion.
Profit margins narrowed to 4.7% from 7.4% as electricity and depreciation costs rose with new rig deployments. Operating expenses also increased, including R&D investments in Bitdeer’s SEALMINER chips and AI-focused infrastructure.
Management said the company is positioning itself as a hybrid bitcoin miner and provider of data center capacity for AI and high-performance computing.
Bitdeer operates roughly 3 gigawatts of global power capacity, with several sites planned for partial AI workload conversion over the next two years.
Shares dipped below $11 after the earnings release, marking a new year-to-date low, according to The Block price data.
