Bitdeer Group announced its unaudited financial results for the second quarter of 2024, with revenue of $99.2 million.

BitDeer announced its unaudited financial results for the second quarter of 2024, with revenue of $99.2 million, gross profit of $24.4 million, and adjusted EBITDA of $24.9 million, up 5.8%, 50.6%, and 33.2% year-on-year, respectively. As of June 30, 2024, cash and cash equivalents were $203.9 million. Mass production of the first batch of SEALMINER A1 chips has been launched, and it is planned to install 3.4 EH/s computing power in its own data center by the end of the year. The initial tape-out wafers of the second-generation SEAL02 chip will be delivered from TSMC and are expected to be delivered at the end of September. After successful testing, mass production is expected to be achieved by the end of the year. In addition, the research and development of the third-generation SEAL03 chip has also begun.