Bitdeer: Revenue -41%. Net Profit? Just Tether Tricks.
Bitdeer just dropped Q1 2025 numbers:
Revenue down 41%
$3.2M operating loss
$400M net income (but wait…)
That “profit”? It’s not real operations—it’s convertible notes + warrants from Tether. Pure financial engineering.
Their core mining biz is failing post-halving. So now? They're pivoting to AI & HPC.
No edge. No track record. Just buzzwords.
Meanwhile, they’re scaling self-mining to 40 EH/s—during a revenue collapse?
That’s burning cash to mine hope.
And yes—Tether owns 21% of them.
Bitdeer’s backbone is a stablecoin constantly questioned for transparency.
Their U.S. expansion?
Not growth. Just a hedge against geopolitical panic.
This isn’t innovation. It’s survival dressed as a pivot.
Binance traders—don’t buy the hype. Watch the fundamentals.
