“The bitcoin miner and equipment maker beat revenue estimates but posted a deeper-than-expected loss and announced an ASIC delay amid uncertain AI rollout.”, — write: www.coindesk.com
The net loss widened to $266.7 million, or $1.28 per share, from $50.1 million in the year-earlier quarter. Analysts had forecast a loss of as much as 25 cents a share. Revenue more than doubled to $169.7 million, beating estimates, while adjusted Ebitda flipped to a profit from a year-earlier loss.
“Bitdeer today announced a delay on key next-gen ASIC, no concrete update on AI lease potential, and the CEO didn’t even join the call,” said Matthew Sigel, head of digital assets research at investment manager VanEck.
The biggest share-price drop since February took the stock to $17.65, the lowest level in just over a month. It is down almost 19% this year.
Bitdeer’s bitcoin holdings increased to 2,029 BTC, driven by growth in self-mining operations. The company achieved 41.2 EH/s of self-mining hash rate by the end of October, surpassing its 40 EH/s target.
It also began mass production of the SEALMINER A3 series, while development of the next-generation SEAL04 ASIC chip was delayed.
Bitdeer forecast that allocating 200 MW to AI cloud services could generate an annualized revenue run rate exceeding $2 billion by the end of 2026 under its most optimistic outlook.
A deep dive into Zcash’s zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
- Shielded adoption surgedwith 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyonled by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
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Bitcoin held around $105,000 and ether near $3,550 as traders weighed whether the recent recovery has the strength to break higher or risks forming a lower high.
- A drop below $98,000 would confirm a bearish shift for bitcoin, while a move above the Nov. 2 high of $111,000 could trigger a bullish reversal.
- UNI jumped more than 20% after a token burn proposal but later cooled, while the newly introduced Canton Network (CC) token plunged 33% despite backing from major banks.
- Dollar strength continues to pressure crypto, with the DXY index rising from 96.2 to 99.58 as the Federal Reserve remains unclear on future rate cuts.
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