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Bitdeer’s Ohio Facility Fire Compounds Q3 Losses Amid Market Turmoil

Bitdeer’s Ohio Facility Fire Compounds Q3 Losses Amid Market Turmoil

Author:

Global Cryptocurrency

Published:

2025-11-13 09:42:02

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BTCCSquare news:

Bitdeer Technologies faces mounting challenges as a fire at its Massillon, Ohio construction site coincides with a $266.7 million quarterly loss. The blaze destroyed two empty buildings in a 26-structure development, though operational hashrate remains unaffected. Founder Jihan Wu attributed the incident to welding sparks during high winds.

The company's stock plummeted 20% post-earnings before shedding another 7.5% following the fire announcement, now trading NEAR $13.90. With the planned Q1 2026 launch potentially delayed, investors weigh operational resilience against expanding losses in the competitive mining sector.

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