Bitdeer’s losses widen in Q2 after one-time $33M itemizing payment, shares up 44%

miner Bitdeer Applied sciences, a agency spun off from outstanding Bitcoin application-specific built-in circuit (ASIC) producer Bitmain, recorded a web lack of $40.4 million within the second quarter of 2023, up from a web lack of $15.6 million in Q2 2022.

The corporate disclosed in its earnings report printed on Aug. 11 that the losses have been largely attributed to a $33.2 million itemizing payment paid to Blue Safari regarding Bitdeer’s itemizing on the Nasdaq trade. The agency’s income elevated by 5.2% to $93.8 million. The identical day, Bitdeer’s inventory was up over 40% on information of a $150 million share buy settlement with B. Riley Monetary. The corporate’s present market capitalization stands at $1.5 billion.

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