Bitdeer Technologies experienced a 20% decline following a net loss that was wider than expected, alongside delays in ASIC chip production. The company’s financial results revealed significant challenges, leading to this pronounced drop in its stock value. Analysts noted that the unexpected net loss raised concerns about its business operations and future profitability. The delay in ASIC chip availability has compounded these issues, affecting production timelines and potentially leading to further financial repercussions. Investors are wary as the company grapples with these setbacks, raising questions about its strategic direction moving forward.
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