According to Wu, Bitcoin mining company Bitdeer released its third-quarter financial report on November 10th, with total revenue increasing by 89% year-on-year to $320.7 million, a record high. However, net loss widened to $125.5 million from $30.1 million in the same period last year, including a $54.6 million non-cash loss from changes in the fair value of digital asset loans. Quarterly gross profit decreased from $39.7 million to $10.8 million, and gross margin decreased from 23.4% to 3.4%. Adjusted EBITDA increased by 173% year-on-year to $69.6 million. In terms of business segments, self-mining revenue was $217.5 million, and AI cloud revenue increased year-on-year from $1.8 million to $20.4 million. The AI cloud business has an order backlog corresponding to approximately $2.9 billion in future revenue. The company mined a total of 3,855 BTC in the third quarter and held 47 BTC as of September 30. https://(wublock123.com)/news/bitdeer-q3-revenue-up-89-to-321m-net-loss-126m-71686