Bitdeer Technology Group (NASDAQ) had a strong economic success with impressive results that finished on December 31st, the fiscal year 2023.
Total revenue increased significantly, reaching US$368.6 million in 2023 from US$333.3 million in 2022.
Aside from an annual debit of US$56.7 million vs US$60.4 million in 2022, the company’s net profit is expected to be US$22.0 million and US$100.3 million in adjusted EBITDA. As of the end of the year, December 31, the total amount of cash and cash equivalents was $144.7 million.
Bitdeer’s 74.8% year-over-year increase from 2,625 to 3,694 Bitcoins collected in 2023 demonstrates its strong operational tactics.
The addition of mining data centers increased the company’s existing total hash rate of 21.0 EH/s, allowing it to strengthen its self-mining, cloud hash rate, and hosting offerings. On another note, the company developed the SEAL01 bit mining chip and established the DGX100 SuperPOD system using an NVIDIA chip.