Bit Deer produced 1,299 bitcoins in Q4 2023, with total revenue exceeding 110 million USD

ChainCatcher news, Bitdeer announced its financial and operational performance for the fourth quarter of 2023, with total revenue of approximately $114.8 million, compared to $77.1 million in the fourth quarter of 2022.

In addition, its self-mining revenue was approximately $46.9 million, while in the fourth quarter of 2022 it was $10.6 million. Cloud computing revenue was approximately $16.3 million, general hosting revenue was approximately $25.2 million, and membership hosting revenue was approximately $23.4 million. Adjusted EBITDA was between $32.1 million and $38.1 million, and as of December 31, 2023, cash and cash equivalents were approximately $144.7 million. The total amount of Bitcoin mined (self-mining only) was approximately 1,299 coins.