Bit Deer: Quarter 1 revenue was $119.50 million, up 64.6% year over year
2024-05-13 12:53:56
BitDeer announced unaudited financial results and operating updates for Quarter 1 2024. Quarter 1's total revenue was $119.50 million, compared to $72.60 million for Quarter 1 2023. Total revenue increased by 64.6% year over year. Net profit was $600,000, compared to a net loss of $9.50 million and adjusted profit of $8.40 million for Quarter 1 2023, compared to $2.80 million for Quarter 1 2023. Cash and cash equivalents were $118.50 million as of March 31, 2024.
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