Bitcoin mining company Bitdeer's Q1 revenue decreased by over 40% year-on-year, but net revenue exceeded $400 million According to Cointelegraph, Bitcoin mining company Bitdeer has released its Q1 2025 financial report, with revenue decreasing by 41% year-on-year to $70.1 million and an operating loss of $3.2 million. But benefiting from the appreciation of convertible notes and warrants issued to Tether in 2024, the company's net revenue in the first quarter exceeded $400 million. According to regulatory documents, Tether currently holds 21% of Bitdeer's shares.