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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |