Slide 1: Q2’25 Supplemental Investor Presentation
Q2’25 Supplemental Investor Presentation A leading tech company for the blockchain & accelerated compute communities August 2025 NASDAQ: BTDR
Slide 2: Disclaimer & Forward-Looking Statements
Disclaimer & Forward-Looking Statements This presentation and the accompanying oral presentation have been prepared by Bitdeer Technologies Group (the “Company”) solely for information purpose, and has not been independently verified. By viewing or accessing the information contained in this present
Slide 3: Q2’25 Financial & Operational Highlights
Q2’25 Financial & Operational Highlights Financial Revenue • Total revenue of $155.6M • $69.5M revenue from commercial sales of SEALMINER A2s • Gross profit of $12.8M • R&D and SG&A of $42.3M $155.6M • Net loss after tax of $147.7M $99.2M • Adjusted EBITDA of $17.3M • Cash and cash equivalents of $2
Slide 4: Q2’25: Hitting the Inflection Point
Q2’25: Hitting the Inflection Point On track to significantly scale up self-mining hashrate into remainder of year Self-mining Hosting Sale of SEALMINERs • Significant increase in self-mined BTCs, benefiting • Relatively stable hash rate capacity • 5.0 EH/S of mining rigs sold in Q2 or $69.5 million
Slide 5: Adjusted EBITDA
Adjusted EBITDA The higher QoQ performance in 2Q25 were mainly driven by higher self-mining hashrate, SEALMINER sales and higher Bitcoin prices. These were partially offset by higher global network hashrate, lower hosting and cloud mining revenue, higher R&D costs and G&A expenses. ($ mm) 93.2 97.0
Slide 6: ASIC Market TAM Opportunity
ASIC Market TAM Opportunity Market for ASICs will grow due to efficiency upgrades and new infra ASIC Revenue TAM Total Hash Rate Sold ‘25-’27, $B Assuming 1,250 EH sold at average $17/TH by 2028 750 EH 1,000 EH 1,250 EH 1,500 EH 1,750 EH ASIC Sale Price $/TH $15.0/TH $ 11.25 $ 15.00 $ 18.75 $ 22.50
Slide 7: SEALMINER® - Game Changing Technology
SEALMINER® - Game Changing Technology Recent generations of ASICs have started to taper off in efficiency gains BTDR’s SEALMINER ASIC Efficiency, J/TH2 Technology Roadmap SEALMINER A1 Released in Q3 2024 40 21.5 J/TH SEALMINER A2 Pro & A2 30 Production in Q4 2024 ~14.9-16.5 J/TH 20 SEALMINER A3 Expe
Slide 8: Global Scale with Strong Power Pipeline
Global Scale with Strong Power Pipeline 1.6 GW of power capacity will be online by Q4 2025 Completed Pipeline Existing Pipeline Total Power Timing2 Location MW MW MW Source Existing / Pipeline Electrical capacity Grid Rockdale, Texas 563 179 742 Completed / Estimate 2026 (ERCOT) 2,120 Knoxville, Ten
Slide 9: 1.3 GW Existing Capacity and Secured 2.7 GW
1.3 GW Existing Capacity and Secured 2.7 GW Globally distributed data centers ensure a stable power supply Bitcoin Mining HPC Texas US Ohio US Tennessee US Oromia Region Tydal Norway Molde Norway 563 MW 791 MW* 86 MW Ethiopia 176 MW 84 MW 7 BTC 179 MW* 50 MW* 49 MW* Data Centers Hashing DGX SuperPOD
Slide 10: Rapid Future Self-mining Hashrate Growth
Rapid Future Self-mining Hashrate Growth Near-term hashrate growth positions Bitdeer’s self-mining operations as potentially one of the largest Bitcoin miners in the world by end of 2025 Amounts in EH/s except Assumptions fleet efficiency ~40 Based on existing wafer allocation1 and does not factor i
Slide 11: Strong Balance Sheet and Disciplined ATM Usage
Strong Balance Sheet and Disciplined ATM Usage Highest insider ownership in industry aligns incentives with shareholders 1 2 $ Raised VWAP $300M3 $241M $25 Cash & Cash Equivalents $20 $15 $169M3 $106M $10 Crypto Balance $73M $5 $20M $8M $12M $3M $3M $0 $533M3 Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Slide 12: Thank You
ThankYou | @)BITDEEP
Slide 13: Income Statement
Income Statement Three months ended June 30, Six months ended June 30, (US $ in thousands) 2025 2024 2025 2024 Revenue 155,582 99,229 225,710 218,735 Cost of revenue (142,762) (74,824) (216,115) (160,199) Gross profit 12,820 24,405 9,595 58,536 Selling expenses (1,626) (2,173) (3,019) (3,863) Genera
Slide 14: Balance Sheet
Balance Sheet As of June 30, As of December 31, As of June 30, As of December 31, (US $ in thousands) 2025 2024 (US $ in thousands) 2025 2024 LIABILITIES ASSETS Current liabilities Current assets Trade payables 76,248 31,471 Cash and cash equivalents 299,792 476,270 Other payables and accruals 39,21
Slide 15: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation Use of Non-IFRS Financial Measures In evaluating the Company’s business, the Company considers and uses non-IFRS measures, adjusted EBITDA and adjusted profit / (loss), as supplemental measures to review and assess its operating performance. The Company defines adjuste