Bitdeer Technologies Group (BTDR) Q4 2024 Earnings Call Transcript

For the period ending December 31, 2024

February 25, 2025 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day, and thank you for standing by. Welcome to Bitdeer's Fourth Quarter and Full Year 2024 Earnings Conference Call. [Operator Instructions] Please note that today's conference is being recorded.

I would now like to turn the conference over to your speaker host, Yujia Zhai of Investor Relations. Please go ahead.

Yujia Zhai

Thank you, operator, and good morning, everyone. Welcome to Bitdeer's fourth quarter and full-year 2024 earnings conference call. Joining me today are Jihan Wu, Chairman and CEO; Matt Kong, Chief Business Officer; Haris Basit, Chief Strategy Officer; and Jeff LaBerge, Head of Capital Markets and Strategic Initiatives. Haris will begin today by providing a high-level overview of fourth quarter and full-year 2024 results and then cover the Company's strategy and a detailed business update. After that, Jeff will cover Bitdeer's fourth quarter financial results in more detail, and then we will open the call for questions.

To accompany today's earnings call, we have provided a supplemental investor presentation. This presentation can be found on Bitdeer's Investor Relations website under Webcasts and Presentations.

Before management begins their formal remarks, we would like to remind everyone that during today's call, we may make certain forward-looking statements. These statements are based on management's current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially. For a more complete discussion of forward-looking statements and the risks and uncertainties related to Bitdeer's business, please refer to its filings with the SEC.

Further, in addition to discussing results that are calculated in accordance with International Financial Reporting Standards or IFRS, we will also make references to certain non-IFRS financial measures such as adjusted EBITDA and adjusted profit. For more detailed information on non-IFRS financial measures, please refer to our earnings release that was published earlier today, which can be found on Bitdeer's Investor Relations website.

Thank you. I will now turn the call over to Haris. Haris?

Haris Basit

Thank you, Yujia, and good day, everyone.

Welcome to our Q4 and full-year 2024 earnings conference call. I'm excited to share the many developments happening at Bitdeer and walk you through the progress we've made since last quarter. Before diving in, I'd like to briefly highlight our Q4 financial results for which Jeff will provide more details in a few minutes.