Bitdeer Technologies (BTDR) Operating Expenses (2022 - 2026)
Bitdeer Technologies' (BTDR) quarterly Operating Expenses came in at -$93.2 million in Q2 2026, down 1169.65% on a YoY basis from $8.7 million in Q2 2025, and down 39.34% quarter-over-quarter from -$66.9 million in Q1 2026.
Analysis
Bitdeer Technologies (BTDR) Operating Expenses (2022 - 2026) Analysis & Trends
Bitdeer Technologies (BTDR) has reported Operating Expenses for 5 consecutive years, with -$93.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 1169.65% year-over-year to -$93.2 million; the trailing twelve-month figure through Jun 2026 stood at -$283.3 million (down 54.74% YoY), and the FY2025 full-year result was $126.7 million, up 119.54% from the prior year.
- Operating Expenses declined to -$93.2 million in Q2 2026 per BTDR's latest filing, from -$66.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$7.3 million in Q2 2025 and bottomed at -$94.5 million in Q1 2025.
- Historically, Operating Expenses has averaged -$47.6 million across 5 years, with a median of -$41.2 million in 2022.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses jumped 89.95% in 2025, then slumped 1169.65% in 2026.
- Over 5 years, Operating Expenses stood at -$30.4 million in 2022, then advanced by 16.37% to -$25.4 million in 2023, then plunged by 59.46% to -$40.6 million in 2024, then sank by 57.71% to -$64.0 million in 2025, then sank by 45.69% to -$93.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$93.2 million, -$66.9 million, and -$64.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 56.87 Bn | 56.53 Bn | 40.81 Mn | 52.67 Mn |
| 2 | Iren | 34.00 Bn | 26.43 Bn | 103.89 Mn | 128.25 Mn |
| 3 | Hut 8 | 11.52 Bn | 5.04 Bn | 48.04 Mn | 78.04 Mn |
| 4 | Riot Platforms | 8.24 Bn | 7.69 Bn | 84.97 Mn | 413.67 Mn |
| 5 | Argo Blockchain | 6.43 Bn | 6.43 Bn | - | - |
| 6 | MARA Holdings | 4.32 Bn | 3.96 Bn | - | 695.95 Mn |
| 7 | Cleanspark | 3.26 Bn | 3.05 Bn | - | 370.41 Mn |
| 8 | Bitdeer Technologies | 2.92 Bn | 2.46 Bn | -8.53 Mn | -93.21 Mn |
| 9 | Keel Infrastructure | 2.14 Bn | 2.13 Bn | -86.75 Mn | 31.31 Mn |
| 10 | HIVE Digital Technologies | 853.00 Mn | 613.97 Mn | -29.49 Mn | 18.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -93.21 Mn |
| Mar 31, 2026 | -66.89 Mn |
| Dec 31, 2025 | -63.98 Mn |
| Sep 30, 2025 | -59.20 Mn |
| Jun 30, 2025 | -7.34 Mn |
| Mar 31, 2025 | -94.50 Mn |
| Dec 31, 2024 | -40.57 Mn |
| Sep 30, 2024 | -40.66 Mn |
| Jun 30, 2024 | -73.05 Mn |
| Mar 31, 2024 | -36.13 Mn |
| Dec 31, 2023 | -25.44 Mn |
| Sep 30, 2023 | -25.35 Mn |
| Jun 30, 2023 | -63.55 Mn |
| Mar 31, 2023 | -22.30 Mn |
| Dec 31, 2022 | -30.42 Mn |
| Sep 30, 2022 | -26.04 Mn |
| Jun 30, 2022 | -45.57 Mn |
| Mar 31, 2022 | -41.83 Mn |