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<h2 id="header-0">Bitdeer Technologies records $40.4 Million Net Loss in Q2</h2><p>Bitcoin miner Bitdeer Technologies, separate from Bitmain, reported a net loss of $40.4 million in Q2 2023, surpassing the $15.6 million loss in Q2 2022. The primary cause of this loss was its Nasdaq debut, incurring a $33.2 million listing fee. However, despite this, revenue increased by 5.2% to $93.8 million. Bitdeer&#39;s hash rate surged from 10.5 EH/s to 18.8 EH/s, and Managed ASICs increased from 119,000 to 199,000. In the second quarter of 2022, it mined 758 BTC, up from 521 <a href="https://coingabbar.com/en/crypto-currency-news/bitcoin-halving-miners-and-holders-await-the-impact" rel="noopener noreferrer nofollow">Bitcoin</a> in the previous quarter. The company&#39;s stock rose over 40% due to news of a $150 million share purchase agreement with B. Relay Finance, while its current market value was $1.5 billion.</p><p>Source - https://www.coingabbar.com/en/crypto-news-english</p>

Bitdeer reported a net loss of $40.4 million in Q2 2023

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