Bitdeer Posts $159M Loss as Bitcoin Miner Bets on AI Data Centers
Bitdeer swung to a $159.53M net loss in Q1 2026 despite 170% revenue growth to $188.93M, as the company converts mining sites in Norway, Ohio, and Texas into AI cloud infrastructure. Capital expenditure for GPU deployment is outpacing AI revenue. Profitability is expected to remain quarters away.
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