Bitdeer Technologies Group (BTTR) experienced a significant increase in revenue during Q4 2024, primarily driven by its cryptocurrency-related business and mining machines resale. The company's revenue for the quarter was $11.68 million, with $9.12 million coming from mining machines resale and $7.54 million from cryptocurrency-related business. Additionally, $5.5 million was generated from mining machines resale, and $1.36 million and $1.19 million were reported from miner rental and other mining-related business and bitcoin mining, respectively1.
However, no data was provided regarding BTTR's operating expenses in Q4 20242.
Institutional Investments: Several institutional investors, including Sanctuary Advisors LLC and UBS AM, have shown interest in Bitdeer Technologies Group, purchasing significant stakes in the company34. This investment could indicate confidence in Bitdeer's growth potential and its strategic positioning in the cryptocurrency and mining sectors.