11:46 AM EDT, 05/15/2025 (MT Newswires) -- (Updates with latest stock price movement in the headline and first paragraph.)

Bitdeer Technologies Group ( BTDR ) shares were down more than 8% in recent trading Thursday after the company reported that it swung to a Q1 loss.

Bitdeer ( BTDR ) reported a Q1 loss of $0.37 per diluted share, swinging from a profit of $0.01 a year earlier.

Two analysts polled by FactSet expected a loss of $0.32.

Revenue for the quarter ended March 31 was $70.1 million compared with $119.5 million a year earlier.

Analysts surveyed by FactSet expected $67.7 million.

Price: 12.88, Change: -1.21, Percent Change: -8.59