Bitdeer (BTDR) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, February 12, 2026 astatine 10:47 AM CST 35 min read

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Thursday, Feb. 12, 2026 astatine 8:00 a.m. ET

• Chief Executive Officer — Jihan Wu

• Chief Business Officer — Haris Basit

• Chief Financial Officer — Matt Linghui Kong

Haris volition supply a high-level overview of Bitdeer Technologies Group's 4th fourth 2025 results and sermon the company's strategy, supply a elaborate concern update, and reappraisal the fiscal results for the quarter. Jihan, Matt, and Haris volition beryllium disposable for questions aft the ceremonial remarks. To travel today's call, we person provided a supplemental capitalist presumption disposable connected Bitdeer Technologies Group’s capitalist relations website nether Webcasts and Presentations. Before absorption begins their ceremonial remarks, I would similar to punctual everyone that during today's call, we whitethorn marque definite forward-looking statements. These statements are based connected management's existent expectations and are taxable to risks and uncertainties, which whitethorn origin existent results to disagree materially.

For a much implicit treatment connected forward-looking statements and the risks and uncertainties related to Bitdeer Technologies Group's business, delight notation to the company's filings with the SEC. In summation to discussing results calculated successful accordance with International Financial Reporting Standards, oregon IFRS, we volition besides notation definite non-IFRS fiscal measures specified arsenic adjusted EBITDA and adjusted nett and loss. For much elaborate accusation connected our non-IFRS fiscal measures, delight notation to our net merchandise published earlier today, which tin beryllium recovered connected Bitdeer Technologies Group’s IR website. With that, I volition present crook the telephone implicit to Haris. Thank you, John, and bully day, everyone.

Haris Basit: It is large to beryllium with you today. The 2025 marked a defining play of execution and strategical advancement for Bitdeer Technologies Group. Achieved captious milestones crossed our 3 strategical pillars, and presumption the institution for sustained maturation arsenic a vertically integrated Bitcoin and AI infrastructure company. I volition commencement with a little overview of our fiscal show for the quarter. Fourth 4th full gross reached $225,000,000, up 226% twelvemonth implicit twelvemonth and 33% sequentially. Gross nett totaled $10,600,000, adjusted EBITDA was $31,200,000 for the quarter.

While some metrics declined sequentially, the results chiefly bespeak a operation of little mean Bitcoin pricing, modestly higher energy costs, substantially higher depreciation disbursal owed to the accelerated enlargement of our self-mining capacity, and further concern successful caller endowment to enactment our increasing AI HPC initiatives. I volition sermon these factors successful greater item aboriginal successful the call. Let maine statesman with a little reappraisal of our powerfulness and infrastructure portfolio. We proceed to marque meaningful advancement during the quarter, advancing a planetary portfolio of sites that we judge are good suited to enactment some large-scale Bitcoin mining and next-generation AI and HPC workloads.