Bitdeer incurred a net loss of $9.5 million in Q1 2023, with a total revenue of $72.6 million.

BlockBeats news, on May 16, Wu Jihan's mining company Bitdeer released its Q1 2023 financial report, with total revenue of $72.6 million, a decrease of 19.7% compared to the same period in 2022, which was $90.4 million. The net loss was $9.5 million. The adjusted profit for Q1 2023 was $2.8 million, with a total management hash rate of 18.3 EH/s. The proprietary hash rate increased from 4.1 EH/s on December 31, 2022, to 5.7 EH/s on March 31, 2023 (3.9 EH/s for self-mining business and 1.8 EH/s for cloud mining business). The hosting hash rate was 12.6 EH/s, and the self-mining business mined 552 bitcoins in Q1 2023. On May 3, Bitdeer established a strategic partnership with Druk Holding & Investments, a commercial organization in the Kingdom of Bhutan, to develop sustainable and carbon-free digital asset mining business in Bhutan.