Bitdeer Q3 2026 earnings: revenue beats estimates at $320.7M
As seen on the 24/7 Wall St. homepage on November 10, 2026.
A $4.7 billion 16-year AI/HPC lease and roughly $2.9 billion of AI cloud backlog now matter more to Bitdeer's story than the loss per share, which came in wider than expected. Revenue of $320.7 million beat estimates on 89% growth.
BITDEER $BTDR Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $320.7M (Est. $256M) 🟢; +89% YoY 🔹 EPS: -$0.46 (Est. -$0.34) 🔴 🔹 Adj. EBITDA: $69.6M; +173% YoY Announcements: 🔹 AI Cloud Backlog: ~$2.9B; ~332 IT MW secured 🔹 Tydal: $4.7B 16-year AI/HPC lease; 121 IT MW; ~$8.0B https://t.co/x7rDcZqmcT
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Bitdeer's third-quarter revenue of $320.7 million beat the consensus estimate, and adjusted EBITDA more than doubled from the prior year as the business scaled.
Bitdeer posted a loss per share of $0.46, missing expectations of a $0.34 loss, so the gap to profitability widened. Investors are treating that miss as secondary to the revenue beat and EBITDA trajectory.
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The bigger story out of this earnings report is an AI cloud backlog of roughly $2.9 billion, a contracted runway of future business built on capacity already secured.
The Tydal deal, a $4.7 billion, 16-year AI and HPC lease, ranks among the largest infrastructure commitments in the company's history and anchors its long-term revenue visibility.
Mentioned: BTDR