Bitdeer, a company that mines Bitcoin (a type of digital money), had a tough end of the year. They lost a lot of money because they invested in building their own special machines (ASICs) to mine Bitcoin faster and cheaper. This caused their income to go down.
- Bitdeer lost $531.9 million in the last quarter.
- They are building more powerful mining machines to mine more Bitcoin.
- They want to become one of the biggest Bitcoin miners by 2025.
- Their stock price went down by 28% because of this news.
| Fact | Number |
|---|---|
| Money lost last quarter | $531.9 million |
| Target mining power by 2025 | 40 EH/s |
| Stock price drop | 28% |
| Current stock price | $9.49 |
Even though things are tough now, Bitdeer hopes to make more money by mining more Bitcoin and also providing power for other computers.
