Bitdeer Technologies (BTDR) Gross Margin (2022 - 2026)
Bitdeer Technologies' (BTDR) quarterly Gross Margin came in at 3.73% in Q2 2026, down 1143.0% on a YoY basis from 0.36% in Q2 2025, and up 81.97% quarter-over-quarter from 20.66% in Q1 2026.
Analysis
Bitdeer Technologies (BTDR) Gross Margin (2022 - 2026) Analysis & Trends
Bitdeer Technologies (BTDR) has reported Gross Margin for 5 consecutive years, with 3.73% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 1143.0% year-over-year to 3.73%; the trailing twelve-month figure through Jun 2026 stood at 0.47% (down 398.0% YoY), and the FY2025 full-year result was 9.83%, down 915.0% from the prior year.
- Gross Margin grew to 3.73% in Q2 2026 per BTDR's latest filing, from 20.66% in the prior quarter.
- Across five years, Gross Margin topped out at 45.72% in Q1 2022 and bottomed at 20.66% in Q1 2026.
- Historically, Gross Margin has averaged 15.57% across 5 years, with a median of 17.9% in 2023.
- The widest YoY moves for Gross Margin: up 1960 bps in 2025, down 3422 bps in 2025.
- Over 5 years, Gross Margin stood at 43.93% in 2022, then sank by 46 bps to 23.55% in 2023, then plunged by 69 bps to 7.39% in 2024, then slumped by 36 bps to 4.7% in 2025, then tumbled by 179 bps to 3.73% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 3.73%, 20.66%, and 4.7% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.87 Bn | 56.53 Bn | 40.81 Mn | 87.70% |
| 2 | Iren | 34.00 Bn | 26.43 Bn | 103.89 Mn | 75.71% |
| 3 | Hut 8 | 11.52 Bn | 5.04 Bn | 48.04 Mn | 64.11% |
| 4 | Riot Platforms | 8.24 Bn | 7.69 Bn | 84.97 Mn | 48.77% |
| 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 | - | - |
| 8 | Bitdeer Technologies | 2.92 Bn | 2.46 Bn | -8.53 Mn | -3.73% |
| 9 | Keel Infrastructure | 2.14 Bn | 2.13 Bn | -86.75 Mn | -285.09% |
| 10 | HIVE Digital Technologies | 853.00 Mn | 613.97 Mn | -29.49 Mn | -37.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -3.73% |
| Mar 31, 2026 | -20.66% |
| Dec 31, 2025 | 4.70% |
| Sep 30, 2025 | 24.06% |
| Jun 30, 2025 | 7.70% |
| Mar 31, 2025 | -5.66% |
| Dec 31, 2024 | 7.39% |
| Sep 30, 2024 | 4.46% |
| Jun 30, 2024 | 24.59% |
| Mar 31, 2024 | 28.56% |
| Dec 31, 2023 | 23.55% |
| Sep 30, 2023 | 24.19% |
| Jun 30, 2023 | 17.22% |
| Mar 31, 2023 | 18.59% |
| Dec 31, 2022 | 43.93% |
| Sep 30, 2022 | 4.63% |
| Jun 30, 2022 | 31.00% |
| Mar 31, 2022 | 45.72% |