On August 13, Bitdeer announced unaudited financial results for the second quarter of 2024. Total revenue for the second quarter was $99.20 million compared to $93.80 million for the second quarter of 2023. Cost of revenue was $74.80 million compared to $77.70 million for the second quarter of 2023; gross profit was $24.40 million compared to $16.20 million for the second quarter of 2023. Net loss was $17.70 million compared to $40.40 million for the second quarter of 2023. Adjusted EBITDA was $24.90 million compared to $18.70 million for the second quarter of 2023. Cash and cash equivalents were $203.90 million as of June 30, 2024.