Shares of Singapore-headquartered cryptocurrency miner Bitdeer Technologies have slid more than 35% since their Nasdaq debut on April 14 and were trading at US$6.41 at closing on Wednesday. 

In its latest earnings report on Thursday, Bitdeer reported a net loss of US$60.4 million in 2022, compared to a net profit of US$82.6 million in the prior year. The company booked US$333.3 million in revenue, down 15.6% on year due to a drop in income from its main mining operations and sales of mining machines.