Bitdeer Technologies BTDR
NASDAQ BTDR
$12.38 +0.47 (+3.95%)
At close: Sep 4, 2026 · 4:00 PM EDT

Bitdeer Technologies (BTDR) Cost of Revenue (2022 - 2026)

Bitdeer Technologies' (BTDR) quarterly Cost of Revenue came in at $237.3 million in Q2 2026, up 65.26% on a YoY basis from $143.6 million in Q2 2025, and up 4.1% quarter-over-quarter from $228.0 million in Q1 2026.

Analysis

Bitdeer Technologies (BTDR) Cost of Revenue (2022 - 2026) Analysis & Trends

Bitdeer Technologies (BTDR) has reported Cost of Revenue for 5 consecutive years, with $237.3 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Cost of Revenue rose 65.26% year-over-year to $237.3 million; the trailing twelve-month figure through Jun 2026 stood at $808.4 million (up 137.16% YoY), and the FY2025 full-year result was $559.3 million, up 97.35% from the prior year.
  • Cost of Revenue climbed to $237.3 million in Q2 2026 per BTDR's latest filing, from $228.0 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $237.3 million in Q2 2026 and bottomed at $21.4 million in Q4 2022.
  • Historically, Cost of Revenue has averaged $108.3 million across 5 years, with a median of $79.7 million in 2024.
  • The sharpest annual moves came in 2023 and 2024: Cost of Revenue jumped 310.68% in 2023, then decreased 27.2% in 2024.
  • Over 5 years, Cost of Revenue stood at $21.4 million in 2022, then surged by 310.68% to $87.8 million in 2023, then slipped by 27.2% to $63.9 million in 2024, then surged by 235.21% to $214.3 million in 2025, then increased by 10.76% to $237.3 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $237.3 million, $228.0 million, and $214.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Bitmine Immersion Technologies 56.87 Bn 56.53 Bn 40.81 Mn 5.73 Mn
2 Iren 34.00 Bn 26.43 Bn 103.89 Mn 33.34 Mn
3 Hut 8 11.52 Bn 5.04 Bn 48.04 Mn 26.89 Mn
4 Riot Platforms 8.24 Bn 7.69 Bn 84.97 Mn 89.26 Mn
5 Argo Blockchain 6.43 Bn 6.43 Bn - -
6 MARA Holdings 4.32 Bn 3.96 Bn - -
7 Cleanspark 3.26 Bn 3.05 Bn - 85.48 Mn
8 Bitdeer Technologies 2.92 Bn 2.46 Bn -8.53 Mn 237.31 Mn
9 Keel Infrastructure 2.14 Bn 2.13 Bn -86.75 Mn 117.18 Mn
10 HIVE Digital Technologies 853.00 Mn 613.97 Mn -29.49 Mn 108.61 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 237.31 Mn
Mar 31, 2026 227.97 Mn
Dec 31, 2025 214.27 Mn
Sep 30, 2025 128.88 Mn
Jun 30, 2025 143.60 Mn
Mar 31, 2025 74.10 Mn
Dec 31, 2024 63.92 Mn
Sep 30, 2024 59.26 Mn
Jun 30, 2024 160.20 Mn
Mar 31, 2024 85.38 Mn
Dec 31, 2023 87.80 Mn
Sep 30, 2023 66.19 Mn
Jun 30, 2023 136.75 Mn
Mar 31, 2023 59.10 Mn
Dec 31, 2022 21.38 Mn
Sep 30, 2022 73.04 Mn
Jun 30, 2022 61.54 Mn
Mar 31, 2022 49.09 Mn