Bitdeer Technologies Group reported record third-quarter 2026 revenue of $320.7 million, up 89% from $169.7 million a year earlier and above analyst estimates cited at $251.11 million and $256 million. Self-mining revenue reached $217.5 million, while Bitcoin production rose 248% to 3,855 BTC and proprietary hashrate increased to 86.4 EH/s from 35 EH/s. Adjusted EBITDA climbed 173% to $69.6 million, but the company reported a $125.5 million net loss, compared with $30.1 million a year earlier, as cost of revenue rose to $309.9 million. The per-share loss was $0.46, wider than estimates cited at $0.37 and $0.34. Bitdeer held 47 BTC at quarter-end after selling $221.5 million of digital assets, mostly mined bitcoin. Its AI Cloud backlog reached about $2.9 billion across roughly 332 secured IT megawatts, while the Tydal site in Norway remains on schedule for fourth-quarter 2026 energisation under a $4.7 billion, 16-year lease with Volta Tydal AS covering 121 IT MW. Shares closed Monday at $6.61, up 9.9%, before falling about 7% on Tuesday as bitcoin declined about 2%.