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Murugaverl Mahasenan

Bitdeer Technologies Shares Fall 30% After Q3 Earnings

Bitdeer Technologies Group's stock dropped more than 30% this week after third-quarter earnings missed investor expectations. The bitcoin mining company reported 174% year-over-year revenue growth to approximately $170 million and positive adjusted EBITDA of $43 million. Market participants had anticipated significant announcements regarding AI infrastructure initiatives, but the quarterly update contained only modest progress reports.
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