Capital expenditures of $266.0 million in the quarter and operating cash outflow of $158.5 million underscore the intensity of the build-out. The company's digital assets and digital assets receivable balance stood at $196.9 million at June 30.
The market reaction suggests investors are weighing the long-term contracted revenue potential of the AI pivot against the near-term profit pressure, heavy capital demands, and financing uncertainty that accompany it. Can Bitdeer convert its expanding power portfolio and AI contracts into sustainable free cash flow before the next wave of capital calls arrives?
Sources: Source 1 · Source 2 · Source 3 · Source 4 · Source 5 · Source 6
