BitDeer

Crypto mining platform.

Launch date

Dec 2018

Employees

Market cap

Enterprise valuation

$872m (Public information from Sep 2024)

Singapore Central (HQ)

http://bitdeer.com

https://twitter.com/bitdeerofficial https://www.linkedin.com/company/bitdeer-group/

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Revenues, earnings & profits over time

USD	2019	2020	2021	2022	2023	2024	2025
Revenues	88.8m	186m	395m	333m	369m	415m	593m
% growth	-	110 %	112 %	(16 %)	11 %	13 %	43 %
EBITDA	23.5m	52.9m	179m	13.3m	26.2m	-	-
% EBITDA margin	27 %	28 %	45 %	4 %	7 %	-	-
Profit	(27.9m)	(55.8m)	82.6m	(60.4m)	(56.7m)	-	-
% profit margin	(31 %)	(30 %)	21 %	(18 %)	(15 %)	-	-
R&D budget	4.7m	9.8m	29.5m	35.4m	29.5m	-	-
R&D % of revenue	5 %	5 %	7 %	11 %	8 %	-	-

Date	Investors	Amount	Round
Apr 2021	Genimous	$12.0m	Grant
Apr 2023*	Blue Safari Group Acquisition Corp	$50.0m Valuation: $1.2b 3.6x EV/LTM Revenues 90.0x EV/LTM EBITDA	SPAC IPO
May 2023*	Genimous	N/A	Post IPO Equity
Aug 2023*	B. Riley Financial	$150m	Post IPO Equity
May 2024*	Tether	$150m	Private Placement non VC
Aug 2024*	N/A	$150m	Post IPO Convertible
Total Funding		$12.0m

Tech stackLearn more about the technologies and tools that this company uses.

Sustainable Bitcoin Standard

ACQUISITION by BitDeer Jun 2024