Bitdeer Technologies (BTDR) 6-K 23 Sep 24 Index to Financial Statements Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2024
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Current Fiscal Year End Date	--12-31
Entity Registrant Name	BITDEER TECHNOLOGIES GROUP
Entity Central Index Key	0001899123

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents		$ 203,882	$ 144,729
Cryptocurrencies		24,916	15,371
Trade receivables		19,324	17,277
Amounts due from a related party		6,248	187
Mining machines		55,126	63,477
Prepayments and other assets		126,077	97,433
Financial assets at fair value through profit or loss		41,739	37,775
Restricted cash		9,144	9,538
Right-of-use assets		67,440	58,626
Property, plant and equipment		196,749	154,860
Investment properties		32,118	34,346
Intangible assets		26,975	4,777
Goodwill		14,451	0
Deferred tax assets		3,526	991
TOTAL ASSETS		827,715	639,387
LIABILITIES
Trade payables		36,166	32,484
Other payables and accruals		33,570	32,151
Amounts due to a related party		3,380	33
Income tax payables		6,604	3,367
Derivative liabilities		25,336	0
Deferred revenue		87,104	144,337
Deferred revenue from a related party		32,777	0
Borrowings		37,828	22,618
Lease liabilities	[1]	79,362	70,211
Deferred tax liabilities		6,189	1,620
TOTAL LIABILITIES		348,316	306,821
NET ASSETS		479,399	332,566
EQUITY
Share capital	[2]	0	0
Treasury shares		0	(2,604)
Accumulated deficit		(66,990)	(49,853)
Reserves		546,389	385,023
TOTAL EQUITY		$ 479,399	$ 332,566
[1]Lease liabilities in amount of approximately US$4.0 million and US$4.6 million was related to the leasehold land included in the investment properties as of June 30, 2024 and December 31, 2023. See Note 15.[2]Amount less than US$1,000

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]
Revenue		$ 218,735	$ 166,403
Cost of revenue		(160,199)	(136,754)
Gross profit		58,536	29,649
Selling expenses		(3,863)	(4,315)
General and administrative expenses		(30,821)	(32,471)
Research and development expenses		(29,212)	(12,727)
Listing fee		0	(33,151)
Other operating income / (expenses)		3,177	(100)
Other net gains / (losses)		(13,020)	1,608
Loss from operations		(15,203)	(51,507)
Finance income / (expenses)		107	(1,127)
Loss before taxation		(15,096)	(52,634)
Income tax benefits / (expenses)		(2,041)	2,807
Loss for the periods		(17,137)	(49,827)
Item that may be reclassified to profit or loss
Exchange differences on translation of financial statements		46	9
Other comprehensive income for the periods, net of tax		46	9
Total comprehensive loss for the periods		$ (17,091)	$ (49,818)
Loss per share (basic) (in dollars per share)		$ (0.14)	$ (0.45)
Loss per share (diluted) (in dollars per share)		$ (0.14)	$ (0.45)
Weighted average number of shares outstanding (basic) (in shares)	[1]	120,686	109,805
Weighted average number of shares outstanding (diluted) (in shares)		120,686	109,805
[1]Each Class A ordinary share carries 1 vote and each Class V ordinary share carries 10 votes. All classes of shares are entitled to dividend and rank pari passu except for voting rights. They are included in the ordinary shares and the shareholders of the shares are referred to as the ordinary equity shareholders in the context of notes and presentations of earnings per share.

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Share Capital [Member]		Treasury Shares [Member]	Retained Earnings / (Accumulated Deficit) [Member]	Exchange Reserve [Member]	Other Reserve [Member]
Beginning balance at Dec. 31, 2022	$ 318,339		[1]	$ 0	$ 6,803	$ (217)	$ 311,753
Issuance of shares through Business Combination	18,096		[1]	0	0	0	18,096
Loss for the period	(49,827)	0		0	(49,827)	0	0
Other comprehensive income	9	0		0	0	9	0
Share-based payments	21,847	0		0	0	0	21,847
Issuance of shares as consideration for the Norway Acquisition	18,096		[1]	0	0	0	18,096
Ending balance at Jun. 30, 2023	308,464		[1]	0	(43,024)	(208)	351,696
Beginning balance at Dec. 31, 2023	332,566		[1]	(2,604)	(49,853)	(243)	385,266
Issuance of shares through Business Combination	2,357		[1]	0	0	0	2,357
Loss for the period	(17,137)	0		0	(17,137)	0	0
Other comprehensive income	46	0		0	0	46	0
Share-based payments	15,896	0		0	0	0	15,896
Issuance of shares for exercise of share awards	604		[1]	0	0	0	604
Cancellation of treasury shares	0	0		2,604	0	0	(2,604)
Issuance of shares for cash, net of transaction costs	144,563		[1]	0	0	0	144,563
Issuance of shares as consideration for the Norway Acquisition	2,357		[1]	0	0	0	2,357
Issuance of share options as consideration for the Norway Acquisition	504	0		0	0	0	504
Ending balance at Jun. 30, 2024	$ 479,399		[1]	$ 0	$ (66,990)	$ (197)	$ 546,586
[1]Amount less than US$1,000

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities
Cash used in operating activities:	$ (201,374)	$ (158,602)
Interest paid on leases	(1,676)	(1,299)
Interest paid on convertible debt	(930)	(1,207)
Interest received	3,535	4,074
Income tax paid	(5,850)	(95)
Net cash used in operating activities	(206,295)	(157,129)
Cash flows from investing activities
Purchase of property, plant and equipment, investment properties and intangible assets	(46,948)	(24,609)
Purchase of mining machines	(1,738)	(62,510)
Purchase of financial assets at fair value through profit or loss	(2,524)	(1,400)
Proceeds from disposal of financial assets at fair value through profit or loss	0	31,111
Lending to a third party	0	(62)
Proceeds from disposal of property, plant and equipment	244	29
Proceeds from disposal of cryptocurrencies	169,724	125,240
Cash paid for the Norway acquisition, net of cash acquired	(6,277)	0
Net cash generated from investing activities	112,481	67,799
Cash flows from financing activities
Capital element of lease rentals paid	(2,574)	(2,632)
Net payment related to Business Combination	0	(7,651)
Proceeds from issuance of shares for exercise of share rewards	604	0
Proceeds from issuance of ordinary shares and warrants, net of transaction costs	155,692	0
Payment for future issuance costs	(297)	0
Net cash generated from / (used in) financing activities	153,425	(10,283)
Net increase / (decrease) in cash and cash equivalents	59,611	(99,613)
Cash and cash equivalents at January 1	144,729	231,362
Effect of movements in exchange rates on cash and cash equivalents held	(458)	(1,546)
Cash and cash equivalents at June 30	$ 203,882	$ 130,203

ORGANIZATION

ORGANIZATION	6 Months Ended
	Jun. 30, 2024
ORGANIZATION [Abstract]
ORGANIZATION	1. ORGANIZATION General information Bitdeer Technologies Group (the “Company” or “BTG”) is a limited liability company incorporated in the Cayman Islands on December 8, 2021. The address of its registered office is 89 Nexus Way, Camana Bay, Grand Cayman KY1-9009, Cayman Islands. The Company was incorporated for the purpose of effectuating the Business Combination (as defined below). See Note 6(a). Prior to Business Combination, the Company owned no material assets and did not operate any business. Bitdeer Technologies Holding Company (“Bitdeer”) is a limited liability company incorporated in the Cayman Islands on November 18, 2020. On April 13, 2023, Bitdeer completed the business combination with Blue Safari Group Acquisition Corp. (“BSGA”) via a multiple-merger structure (the “Business Combination”). Upon completion of the Business Combination, with Bitdeer being the surviving entity, both and BSGA became wholly-owned subsidiaries of BTG, the ultimate holding company. BTG is listed on Nasdaq Capital Market and commenced trading under symbol “BTDR”. The Company and its subsidiaries (together, the “Group”) are principally engaged in the Cloud Hash Rate business, the self-mining business and the hosting business (collectively, the “Bitdeer Business”) as discussed in the Annual Financial Statements (defined below). The Company does not conduct any substantive operations of its own but conducts its primary business operation through its subsidiaries.

BASIS OF PREPARATION

BASIS OF PREPARATION	6 Months Ended
	Jun. 30, 2024
BASIS OF PREPARATION [Abstract]
BASIS OF PREPARATION	2. BASIS OF PREPARATION The interim financial information for the six months ended June 30, 2024 (“Interim Financial Information”) has been prepared in accordance with the same accounting policies adopted in the Group’s consolidated financial statements for the years ended December 31, 2023, 2022 and 2021 (“Annual Financial Statements”). The Interim Financial Information comprises condensed consolidated statements of financial position, condensed consolidated statements of operations and comprehensive loss, condensed consolidated statements of changes in equity, condensed consolidated statements of cash flows, and notes to the condensed consolidated financial statements for the six months ended June 30, 2024. The Interim Financial Information has not been audited. The Interim Financial Information has been prepared in accordance with International Accounting Standard (“IAS”) 34 ‘Interim Financial Reporting’ issued by the International Accounting Standards Board and should be read in conjunction with the Annual Financial Statements, which have been prepared in accordance with International Financial Reporting Standards as issued by International Accounting Standards Board (“IFRS as issued by IASB”). The preparation of an interim financial information in conformity with IAS 34 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses on a year-to-date basis. Actual results may differ from these estimates. This Interim Financial Information contains selected explanatory notes. The notes include an explanation of events and transactions that are significant to an understanding of the changes in financial position and performance of the Group for the six months ended on June 30, 2024. The Interim Financial Information and notes thereon do not include all of the information required for a full set of financial statements prepared in accordance with IFRSs.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3. SIGNIFICANT ACCOUNTING POLICIES The accounting policies applied in the Interim Financial Information are the same as those applied in the Annual Financial Statements. The Group also discloses accounting policies described below related to transactions that occurred during the six months ended June 30, 2024, which did not exist during the periods covered by the Annual Financial Statements. a. Business Combinations Business combinations are accounted for under IFRS 3 using the acquisition method as of the acquisition date, which is the date on which the Group obtains control of the acquiree. Under the acquisition method, the Group allocates the excess of the consideration transferred over the fair value of identifiable net assets acquired to goodwill. A bargain purchase gain will be recognized under the circumstance where the consideration transferred is less than the identified net assets acquired. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition date fair values of assets transferred by the Group, liabilities incurred by the Group to the former owners of the acquiree and the equity interest issued by the Group in exchange for control of the acquiree. Acquisition-related costs are recognized in profit or loss as incurred. Identifiable assets acquired and liabilities assumed in a business combination are, with limited exceptions, measured initially at their fair values at the acquisition date. b. Goodwill Goodwill arising from business combination is not amortized and tested for impairment annually, or more frequently if events or changes in circumstances indicate that it might be impaired and is carried at cost less accumulated impairment losses. Goodwill is allocated to each of the cash-generating units (“CGUs”), or groups of CGUs, that are expected to benefit from the synergies of the business combination, using a relative value method. The units or groups of units are identified at the lowest level at which goodwill is monitored for internal management purposes. An impairment loss is recognized to the extent that the carrying value of goodwill exceeds the recoverable amount, which is the higher of fair value less costs of disposal and value in use. The impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in a CGU. An impairment loss recognized for goodwill is not reversed in a subsequent period. c. Inventories Inventories, consisting of raw materials, work in process and finished goods, which are stated at the lower of cost and net realizable value. Cost is calculated using the standard cost method and comprises all costs of purchase, costs of conversion, and other costs incurred in bringing the inventories to their present location and condition. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. At each reporting date, inventories are reviewed for obsolescence, damage, or slow-moving stock. A write-down is recorded as the cost of revenue if the carrying amount exceeds the estimated net realizable value. The amount of any reversal of any write-down of inventories is recognized as a reduction in the amount of inventories recognized in the period in which the reversal occurs. d. Financial Instruments Financial liabilities Financial liabilities are classified and measured either at amortized cost using effective interest method or at fair value through profit or loss. Financial liabilities are classified as at fair value through profit or loss when the financial liability is either held for trading or is designated as at fair value through profit or loss. Financial liabilities at fair value through profit or loss are stated at fair value, with any gains or losses arising on remeasurement recognized in profit or loss. Financial liabilities other than those held for trading purposes and designated as at fair value through profit or loss are subsequently measured at amortized cost at the end of each reporting period. Derecognition of financial liabilities The Group derecognizes financial liabilities when, and only when, the Group’s obligations are discharged, cancelled or they expire. The difference between the carrying amount of the financial liabilities derecognized and the consideration paid and payable is recognized in profit or loss. Derivative liabilities The Group accounts for financial instruments, such as warrants, as either equity-classified or liability-classified instruments based on an assessment of the specific terms of the instrument and applicable authoritative guidance in accordance with IAS 32. Warrants issued by the Group that provide for potential adjustments to the exercise price or number of shares in response to, among other events, future equity issuances, result in the Group’s obligation to issue variable number of shares in exchange for a fixed total consideration. These warrants are classified as derivative liabilities which are measured at fair value at the issuance date and subsequently remeasured at each reporting date, with changes in fair value recognized in the profit or loss. For each reporting period, any changes in the fair value of the derivative liabilities are recognized in other net gains / (losses). The Group classifies derivative liabilities within Level 3 of the fair value hierarchy due to the use of unobservable inputs in the valuation process. e. Changes in accounting policies and newly adopted accounting policies The Group has applied the following amendments to IFRSs issued by the IASB to this interim financial report for the current accounting period: • Amendments to IAS 1, Classification of Liabilities as Current or Non-current and Disclosure of Accounting Policies • Amendments to IAS 1, Classification of Debt with Covenants • Amendments to IFRS 16, Subsequent Measurement of Sale and Leaseback Transactions by a Seller-lessee • Amendments to IAS 7 and IFRS 7, Supplier Finance Arrangements None of these amendments have had a material effect on how the Group’s results and financial position for the current or prior periods have been prepared or presented in this interim financial report. The Group has not applied any new standard or interpretation that is not yet effective for the current accounting period. f. Standards and interpretations effective but not yet adopted The following standards apply to the preparation of sustainability reports and are effective for annual reporting periods beginning on or after January 1, 2024. The authority of the Company’s jurisdiction has not yet mandated these standards; however, the Company is continuing to review the impact of the standards on its financial reporting. • IFRS S1, General Requirements for Disclosure of Sustainability-related Financial Information • IFRS S2, Climate-related Disclosures Certain other new accounting standards and interpretations have been published that are not mandatory for the reporting periods presented and have not been early adopted by the Group. Those standards are not expected to have a material impact on the Group in the current or future reporting periods and on foreseeable future transactions.

USE OF JUDGMENTS AND ESTIMATES

USE OF JUDGMENTS AND ESTIMATES	6 Months Ended
	Jun. 30, 2024
USE OF JUDGMENTS AND ESTIMATES [Abstract]
USE OF JUDGMENTS AND ESTIMATES	4. USE OF JUDGMENTS AND ESTIMATES In preparing the Interim Financial Information, management has made judgements and estimates that affect the application of accounting policies and the reported amounts of assets and liabilities, profit and loss. Estimates and judgments are continuously evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Group makes estimates and assumptions concerning the future. The resulting accounting estimates may not be equal to the related actual results. The significant judgement made by management in applying the Group’s accounting policies and key sources of estimation uncertainty were the same as those described in the Annual Financial Statements, with additional estimates applied during the interim period as follows: Identified intangible assets acquired from business combinations The identified intangible assets acquired from business combinations typically do not have observable prices and measuring their fair values typically involves the use of valuation models and unobservable inputs that are subject to significant estimates and assumptions. These estimates and assumptions can include, among others, the cash flows that an asset is expected to generate in the future and discount rates. The Group believes the estimates applied to be based on reasonable assumptions, but which are inherently uncertain and, as a result, actual results may differ from estimates. Impairment of indefinite-lived intangible assets and goodwill Fair value of indefinite-lived intangible assets and goodwill is estimated to determine the recoverable amount in an impairment test. The determination of fair value requires the use of estimates in respect of forecast cash flows, discount rates and other management judgements. The Group believes the estimates applied to be based on reasonable assumptions, but which are inherently uncertain and, as a result, actual results may differ from estimates.

FINANCIAL RISK MANAGEMENT AND F

FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2024
FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL INSTRUMENTS [Abstract]
FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL INSTRUMENTS	5. FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL INSTRUMENTS Financial risk factors The Group is exposed to various market risks including cryptocurrency risk, interest rate risk, investment risk and foreign currency risk, as well as credit risk and liquidity risk associated with financial assets and liabilities. The Group has designed and implemented various risk management strategies, which are the same as those discussed in the Annual Financial Statements, to ensure the exposure to these risks is consistent with its risk tolerance and business objectives. Liquidity risk The following is the maturity profile of the Group’s financial liabilities which expose the Group to liquidity risk based on contractual undiscounted payments: At June 30, 2024 In thousands of USD Within 1 year or on demand More than 1 year but less than 2 years More than 2 years but less than 5 years More than 5 years Total Carrying amount at June 30 Trade payables 36,166 - - - 36,166 36,166 Other payables and accruals 33,570 - - - 33,570 33,570 Amounts due to a related party 3,380 - - - 3,380 3,380 Borrowings - 23,000 15,000 - 38,000 37,828 Lease liabilities 8,254 8,722 26,085 60,676 103,737 79,362 81,370 31,722 41,085 60,676 214,853 190,306 At December 31, 2023 In thousands of USD Within 1 year or on demand More than 1 year but less than 2 years More than 2 years but less than 5 years More than 5 years Total Carrying amount at December 31 Trade payables 32,484 - - - 32,484 32,484 Other payables and accruals 32,151 - - - 32,151 32,151 Amounts due to a related party 33 - - - 33 33 Borrowings - 23,000 - - 23,000 22,618 Lease liabilities 7,835 7,787 22,217 48,862 86,701 70,211 72,503 30,787 22,217 48,862 174,369 157,497 Fair value measurement Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair values are estimated at a specific point in time, by discounting expected cash flows at rates for assets and liabilities of the same remaining maturities and conditions. These estimates are subjective in nature and involve uncertainties and significant judgment, and therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. The Group uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation techniques: • Level 1 valuation: unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date. • Level 2 valuation: inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either directly or indirectly. • Level 3 valuation: fair value measured using significant unobservable inputs. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. As of June 30, 2024 and December 31, 2023, except for the investments in financial assets at fair value through profit or loss, cryptocurrency-settled receivables and payables, USDC, and derivative liabilities, substantially all of the Group’s financial assets and financial liabilities are carried at amortized costs and the carrying amounts approximate their fair values. The fair value of financial instruments traded in active markets is determined with reference to quoted market prices at the end of the reporting period. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. These instruments are included in level 1. The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. These valuation techniques maximize the use of observable market data where it is available and rely as little as possible on entity specific estimates. If all significant inputs required for evaluating the fair value of a financial instrument are observable, the instrument is included in level 2. If one or more of the significant inputs are not based on observable market data, the instrument is included in level 3. The Group’s finance department performs valuations of financial instruments. The finance department reports directly to the chief financial officer and discusses valuation processes and results with the chief financial officer in order to comply with the Group’s accounting and reporting requirements. The valuation procedures applied include consideration of recent transactions in the same security or financial instrument, recent financing of the investee companies, economic and market conditions, current and projected financial performance of the investee companies, and the investee companies’ management team as well as potential future strategies to realize the investments. Certain information used in the valuation procedures is obtained through the assistance of independent third-party valuation firm. The fair value measurement hierarchy for the Group’s financial instruments measured at fair value is as follows: In thousands of USD Valuation technique(s) and key input June 30, 2024 Level 1 Level 2 Level 3 USDC Quoted price 3 3 - - Cryptocurrency-settled receivables Quoted price 1,002 1,002 - - Investment A, B, D, and E in unlisted equity instrument Net asset value 24,921 - - 24,921 Investment F, I and J in unlisted equity instrument Recent transaction price 2,849 - - 2,849 Investment C in unlisted equity instrument Market calibration method 9,969 - - 9,969 Investment G in unlisted debt instrument Net asset value 1,000 - - 1,000 Investment H in unlisted debt instrument Recent transaction price 3,000 - - 3,000 Cryptocurrency-settled payables Quoted price 9,824 9,824 - - Derivative liabilities Option pricing model 25,336 - - 25,336 In thousands of USD Valuation technique(s) and key input December 31, 2023 Level 1 Level 2 Level 3 USDC Quoted price 35 35 - - Cryptocurrency-settled receivables Quoted price 1,892 1,892 - - Investment A, B, D and E in unlisted equity instrument Net asset value 23,375 - - 23,375 Investment F in unlisted equity instrument Recent transaction price 400 - - 400 Investment C in unlisted equity instrument Market calibration method 10,000 - - 10,000 Investment G in unlisted debt instrument Net asset value 1,000 - - 1,000 Investment H in unlisted debt instrument Recent transaction price 3,000 - - 3,000 Cryptocurrency-settled payables Quoted price 5,636 5,636 - - During the periods ended June 30, 2024 and 2023, there was no transfer between levels. Transfer between levels of the fair value hierarchy, if any, are deemed to occur at the end of each reporting period. The following table presents the changes in level 3 financial instruments for the periods ended June 30, 2024 and 2023: In thousands of USD Unlisted equity instruments and debt instruments Derivative liabilities At January 1, 2024 37,775 - Additions 2,524 11,106 Disposals - - Net fair value changes recognized in profit or loss 1,440 14,230 At June 30, 2024 41,739 25,336 At January 1, 2023 60,959 - Additions 1,400 - Disposals (31,111 ) - Net fair value changes recognized in profit or loss 2,238 - At June 30, 2023 33,486 -

BUSINESS COMBINATION

BUSINESS COMBINATION	6 Months Ended
	Jun. 30, 2024
BUSINESS COMBINATION [Abstract]
BUSINESS COMBINATION	6. BUSINESS COMBINATION (a) Business combination between BTG, Bitdeer and BSGA (the “Business Combination”) On December 15, 2021, Bitdeer entered into an Amended and Restated Agreement and Plan of Merger, which was subsequently amended on May 30, 2022, December 2, 2022 and March 7, 2023 (the “Merger Agreement”), pursuant to which BTG, Bitdeer and BSGA entered into a Business Combination transaction via a multiple-merger structure, where (i) Blue Safari Merge Limited, a British Virgin Islands business company and a wholly-owned subsidiary of BTG merged with and into BSGA, with BSGA being the surviving entity, (ii) BSGA merges with and into Blue Safari Merge II Limited, a British Virgin Islands business company and a wholly-owned subsidiary of BTG, with Blue Safari Merge II Limited being the surviving entity, and (iii) Bitdeer Merge Limited, an exempted company with limited liability incorporated under the laws of Cayman Islands and a direct wholly-owned subsidiary of BTG, merged into and with Bitdeer, with Bitdeer being the surviving company and becoming a wholly-owned subsidiary of BTG. On April 13, 2023, the Business Combination was completed in accordance with the Merger Agreement. Upon completion of the Business Combination, (i) each ordinary share of BSGA issued and outstanding were cancelled in exchange for one BTG Class A ordinary shares, of which 2,607,498 Class A ordinary shares were issued, (ii) each ordinary share and preferred share of Bitdeer issued and outstanding were cancelled in exchange for BTG Class A ordinary shares, and, in the case of the ordinary share and preferred share of Bitdeer held by Jihan Wu, founder of Bitdeer, or the entity controlled by him, namely Victory Courage Limited, BTG Class V ordinary shares, at an exchange ratio of approximately 0.00858, of which 60,281,185 BTG Class A ordinary shares and 48,399,922 Class V ordinary shares were issued, (iii) each share award to acquire ordinary shares of Bitdeer granted under Bitdeer’s 2021 Share Incentive Plan outstanding, whether vested or unvested, were assumed by BTG and converted into a share award representing the same rights to receive BTG Class A ordinary shares, except that the number of BTG Class A ordinary shares subject to such share awards shall equal to the product of (A) the number of Bitdeer ordinary shares that were subject to such Bitdeer share awards, multiplied by (B) an exchange ratio of approximately 0.00858. The share capital, other reserve, weighted average number of shares outstanding and loss per share calculations have been retrospectively restated to the equivalent number of shares reflecting the exchange ratio as a result of the Business Combination. The Business Combination is accounted for as a “reverse recapitalization” in accordance with IFRS as issued by IASB, as defined below. Under this method of accounting, Bitdeer has been identified as the acquirer and BSGA and BTG have been treated as the “acquired” company for financial reporting purposes. This determination was primarily based on the fact that subsequent to the Business Combination, Bitdeer’s shareholders have a majority of the voting power of the Company, Bitdeer comprises all of the ongoing operations of the combined company, Bitdeer comprises a majority of the governing body of the combined company, and Bitdeer’s senior management comprises all of the senior management of the combined company. As BSGA does not meet the definition of a business as defined in IFRS 3, “Business Combinations”, the transaction is outside the scope of IFRS 3 and is accounted for as an equity settled, share-based payment transaction in accordance with IFRS 2, “Share-based Payment”. Accordingly, for accounting purposes, the Business Combination was treated as the equivalent of Bitdeer issuing ordinary shares at the fair value in order for the ownership interest in the combined entity to be the same as if the transaction had taken the legal form of Bitdeer acquiring 100% of BSGA and BTG, accompanied by a recapitalization. Any difference between the fair value of the ordinary shares deemed to have been issued by Bitdeer and the amount of pre-existing debtor relationship between Bitdeer and BSGA, and the fair value of BSGA’s and BTG’s net liabilities assumed represents a listing fee through profit or loss. No goodwill or other intangible assets was recorded. Operations prior to the Business Combination was those of Bitdeer. As a result of this reverse recapitalization, a listing fee of US$33.2 million has been recorded to reflect the difference between the fair value of ordinary shares deemed to be issued to the shareholders of BSGA, the settlement of pre-existing debtor relationship with BSGA, and the fair value of net liabilities of BSGA and BTG assumed. Bitdeer’s transaction-related costs of US$8.0 million, such as commissions, professional fees and regulatory fees are directly attributable to this transaction were recorded in equity as a deduction of other reserve. Net payment related to Business Combination is US$7.7 million, which comprises of the transaction-related costs of US$8.0 million offset against with cash and cash equivalents of US$0.3 million acquired. The details of the purchase price allocation of the identifiable assets acquired and liabilities assumed are as follows: At April 13, 2023 In thousands of USD, except for the closing price of BSGA’s share and the number of ordinary shares information Number of outstanding ordinary shares held by BSGA’s shareholders on acquisition date (thousand shares) 2,607 Closing price of BSGA’s ordinary shares on acquisition date (in USD) 10 Fair value of BSGA’s ordinary shares on acquisition date 26,075 Settlement of pre-existing debtor relationship with BSGA * 2,607 Total fair value of consideration transferred 28,682 Fair value of assets acquired and liabilities assumed: Cash and cash equivalents 317 Prepayments and other assets 48 Other payables and accruals (4,834 ) Total fair value of assets acquired and liabilities assumed (4,469 ) Excess of fair value of consideration transferred over fair value of assets acquired and liabilities assumed, recognized as listing fee 33,151 * Settlement of pre-existing debtor relationship with BSGA represent lending made to BSGA. (b) Acquisition of Troll Housing AS and Tydal Data Center AS (the “Norway Acquisition”) In April 2024, the Group entered into a share purchase agreement with Renol Invest AS and Bryhni.com AS, the owners of both Troll Housing AS and Tydal Data Center AS (collectively, the “Target Companies” or “Troll and Tydal”), to purchase 100% of the equity interest in the Target Companies. Troll and Tydal are private limited liability companies incorporated in Norway, and conduct business for the management and operation of datacenters. The acquisition closed on April 15, 2024 (the “acquisition date”). The Group accounted for the acquisition as a business combination under IFRS 3, using the acquisition method. The details of the purchase consideration, the net assets acquired, and goodwill are as follows: In thousands of USD At April 15, 2024 Purchase consideration Cash consideration paid 15,000 Senior secured notes (1) 15,091 417,130 (2) 2,357 Class A ordinary share call options (3) 504 Total purchase consideration 32,952 Settlement of pre-existing debtor relationship with the Target Companies (4) (10,061 ) Fair value of consideration transferred 22,891 (1) The Group issued US$15.0 million in aggregate principal amount of senior secured notes on April 15, 2024, in relation to the business combination. The senior secured notes bear an annual interest of 6%, mature five years after April 15, 2024, and are secured by 100% of the shares of the Target Companies. The fair value of the senior secured notes is measured by calculating the present value of the notes using the effective interest rate. The pledge of the 100% of issued shares capital of the Target Companies does not influence the Group’s control over the Target Companies, as (i) the Group has power over the Target Companies to direct relevant activities of the Target Companies, (ii) the Group has exposures to variable returns from involvement with the Target Companies, and (iii) the Group has the ability to exercise its power over the Target Companies to affect the amount of those returns. (2) The fair value of the Class A ordinary shares is determined based on the number of shares transferred and the closing price on the acquisition date. The shares are transferred upon the completion of the acquisition. (3) The Group granted Class A ordinary share call options at a strike price of US$35.96 per share, with the expiry date set as the later of April 15, 2029, or six months after all principal and interest accrued under the senior secured notes have been repaid. The fair value was recognized on the acquisition date based on the binomial model with the assistance of an independent valuation specialist. The following table provides the key inputs used in the model for determining the value of the option: At April 15, 2024 Share price 5.65 Dividend yield (%) - Expected volatility (%) 126 % Risk-free interest rate (%) 4.65 % (4) Settlement of pre-existing debtor relationship with the Target Companies represents the payable amount of approximately US$16.4 million from the Group to the Target Companies in relation to the services provided and offset against a prepayment made by the Group to the Target Companies of approximately US$6.3 million. The services provided by the Target Companies, include electricity supply, construction services, and daily operational management for the mining datacenters prior to the date of acquisition. For financial reporting purposes, the fair value of the net assets acquired from the Target Companies is based on their financial statements as of March 31, 2024, which is the most recent financial statement available at the time of the fair value assessment on the acquisition date. There were no material transactions occurred between March 31, 2024 and the acquisition date. The assets and liabilities recognized as a result of the acquisition are as follows: In thousands of USD Fair value of assets acquired and liabilities assumed Cash and cash equivalents 8,723 Trade receivables 49 Prepayments and other assets 2,690 Right-of-use assets 122 Property, plant and equipment 1,323 Identified intangible assets: rights to electricity capacity 22,429 Deferred tax assets 32 Trade payables (3,367 ) Other payables and accruals (16,384 ) Income tax payables (1,962 ) Lease liabilities (122 ) Deferred tax liabilities (5,093 ) Net identifiable assets acquired 8,440 Goodwill 14,451 Net assets acquired 22,891 The fair value of the land at the acquisition date, of which the amount was included in property, plant and equipment, was measured using the sales comparison method under the market approach with the assistance of an independent valuation specialist and amounted to US$1.1 million. The rights to electricity capacity acquired in the business combination are recognized at fair value and the fair value at the acquisition date was US$22.4 million using the multi-period excess earnings method under the income approach, with assistance from an independent valuation specialist. The key inputs include operation projection and the discount rate. The rights to electricity capacity are granted by the Norwegian state and regional electricity grid operator and do not expire as long as they are being utilized. The Group intends to fully utilize the capacity in its operations and considers this intangible asset to have indefinite useful lives. The intangible asset is tested for impairment annually or whenever there is an indication at the end of a reporting period that the asset may be impaired. The above goodwill is premarily attributable to the ability and experience in regional operations and cannot be recognized as separate intangible assets. The Goodwill is not deductible for tax purposes. Deferred tax liabilities relating to temporary differences between the tax bases and accounting bases of the assets acquired on the acquisition date were recognized in an amount of US$5.1 million. For the period from the acquisition date to June 30, 2024, the Target Companies contributed revenue and net income of nil nil

REVENUE AND CONTRACT BALANCES

REVENUE AND CONTRACT BALANCES	6 Months Ended
	Jun. 30, 2024
REVENUE AND CONTRACT BALANCES [Abstract]
REVENUE AND CONTRACT BALANCES	7. REVENUE AND CONTRACT BALANCES The Group derives revenues in the following major categories: Periods ended June 30, In thousands of USD 2024 2023 Self-mining 90,084 34,713 Cloud hash rate Hash rate subscription 18,400 21,877 Electricity subscription 11,713 13,994 Additional consideration from Cloud Hash Rate arrangements under acceleration mode 229 168 Sales of mining machines - 2 Cloud hosting arrangements (2) 1,001 1,805 General hosting 49,525 49,911 Membership hosting 41,669 40,435 Others (1) 6,114 3,498 Total revenues 218,735 166,403 (1) Others include revenue generated primarily from providing technical and human resources service, repairment services of hosted mining machines, lease of investment properties, the sale of mining machine peripherals, the sale of containerized solution product and providing AI cloud services. (2) The Group did not generate any revenue from the additional consideration from Cloud Hosting arrangements offered under accelerator mode for the periods ended June 30, 2024 and 2023. Revenue concentration for the six months ended June 30, 2024 and 2023 is as below: Six months ended June 30, 2024 2023 Customer A * 22.18 % Customer B 10.07 % * * Less than 10% Contract assets and liabilities A contract asset is recognized when the Group recognizes revenue before being unconditionally entitled to the consideration under the payment terms set out in the contract. Contract assets are assessed for expected credit losses and are reclassified to receivables when the right to the consideration has become unconditional. As of June 30, 2024 and December 31, 2023, the Group did not have any contract assets. A contract liability is recognized when the customer pays consideration for goods or services before the Group recognizes the related revenue. A contract liability would also be recognized if the Group has an unconditional right to receive non-refundable consideration before the Group recognizes the related revenue. In such cases, a corresponding receivable would also be recognized. As of June 30, 2024 and December 31, 2023, the Group had contract liabilities, presented as deferred revenue and deferred revenue from a related party on the unaudited condensed consolidated statements of financial position, of approximately US$119.9 million and US$144.3 million. Approximately US$33.1 million and US$29.2 million, included in the deferred revenue balances at January 1, 2024 and 2023, respectively, was recognized as revenue during the six months ended June 30, 2024 and 2023.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2024
SEGMENT INFORMATION [Abstract]
SEGMENT INFORMATION	8. SEGMENT INFORMATION As discussed in the Annual Financial Statements, the chief operating decision maker makes resources allocation decisions based on internal management functions and assesses the Group’s business performance as one integrated business instead of by separate business lines or geographical regions. Accordingly, the Group has only one operating segment and therefore, no segment information is presented. Disaggregated revenue data by geographical region in terms of the customer’s location within the operating segment is as follows: Periods ended June 30, In thousands of USD 2024 2023 Singapore 12,651 12,073 Asia, excluding Singapore 72,152 47,458 North America 127,460 100,118 Europe 5,740 5,194 Others 732 1,560 Total 218,735 166,403 Selected assets of mining machines, property, plant and equipment, investment properties, right-of-use assets and intangible assets by geographical region within the operating segment is as follows: In thousands of USD At June 30, 2024 At December 31, 2023 Singapore 63,276 54,442 Asia, excluding Singapore 100,620 63,180 North America 136,684 148,021 Europe 77,828 50,443 Total 378,408 316,086

CASH, CASH EQUIVALENTS AND REST

CASH, CASH EQUIVALENTS AND RESTRICTED CASH	6 Months Ended
	Jun. 30, 2024
CASH, CASH EQUIVALENTS AND RESTRICTED CASH [Abstract]
CASH, CASH EQUIVALENTS AND RESTRICTED CASH	9. CASH, CASH EQUIVALENTS AND RESTRICTED CASH The breakdown of cash and cash equivalents In thousands of USD At June 30, 2024 At December 31, 2023 US dollar 192,505 137,917 Singapore dollar 2,510 2,991 Chinese renminbi 414 585 Norwegian krone 7,516 2,487 Euro 783 701 Hongkong dollar 7 7 Bhutan ngultrum 147 41 Total cash and cash equivalents by currency 203,882 144,729 Restricted cash 9,144 9,538 Total restricted cash 9,144 9,538 As of June 30, 2024 and December 31, 2023, the Group owned short-term deposits, which were classified as cash equivalents, in an amount of approximately US$58.8 million with maturities in July 2024 and US$12.4 million with maturities in January 2024, and interest ranging from 2.90% to 5.27% and 2.40% to 4.80%, respectively. The Group’s restricted cash primarily relates to the application of standby letters of credit (“SLC”). The SLCs provide the beneficiaries, which are the service providers, the ability to draw from the banks for a designated maximum aggregate amount (the “Draw Amount”). The details of SLCs are as follows: At June 30, 2024 At December 31, 2023 Draw Amount (In thousands of USD) 9,144 9,538 Range of expiration dates July 2025 to August 2025 July 2024 to August 2024 The amount and expiration dates of the SLCs are amended, from time to time, by the Group and beneficiaries, as a result of the amendments to the associated service agreements. In connection with the issuance of the SLCs, the banks held the Group’s cash balance equal to the Draw Amount as security. As of June 30, 2024 and December 31, 2023, none was utilized by the beneficiaries from the standby letters of credits.

CRYPTOCURRENCIES

CRYPTOCURRENCIES	6 Months Ended
	Jun. 30, 2024
CRYPTOCURRENCIES [Abstract]
CRYPTOCURRENCIES	10. CRYPTOCURRENCIES As of June 30, 2024 and December 31, 2023, the Group’s cryptocurrencies consist of the following: In thousands of USD At June 30, 2024 At December 31, 2023 Cryptocurrencies other than USDC 24,913 15,336 USDC 3 35 Total cryptocurrencies 24,916 15,371 The details of cryptocurrencies are as follows: Periods ended June 30, In thousands of USD 2024 2023 Cost: Beginning balances 15,377 2,179 Additions 184,296 133,520 Disposals (173,928 ) (125,360 ) Ending balances 25,745 10,339 Impairment: Beginning balances (6 ) (4 ) Additions (823 ) - Disposals - 1 Ending balances (829 ) (3 ) Net book value: Beginning balances 15,371 2,175 Ending balances 24,916 10,336 The supplemental information of cryptocurrencies other than USDC is as follows: Periods ended June 30, In thousands of USD 2024 2023 Cost: Beginning balances 15,342 2,090 Additions 180,185 127,589 Disposals (169,785 ) (119,490 ) Ending balances 25,742 10,189 Impairment: Beginning balances (6 ) (4 ) Additions (823 ) - Disposals - 1 Ending balances (829 ) (3 ) Net book value: Beginning balances 15,336 2,086 Ending balances 24,913 10,186 The management’s estimates of impairment provision of cryptocurrencies other than USDC are made based on the current market prices of cryptocurrencies as of each balance sheet date. Fluctuations in the market price of cryptocurrencies after the balance sheet date are not considered in determining the provision for impairment of cryptocurrencies other than USDC.

PREPAYMENTS AND OTHER ASSETS

PREPAYMENTS AND OTHER ASSETS	6 Months Ended
	Jun. 30, 2024
PREPAYMENTS AND OTHER ASSETS [Abstract]
PREPAYMENTS AND OTHER ASSETS	11. PREPAYMENTS AND OTHER ASSETS The breakdown of prepayments and other assets is as follows: In thousands of USD At June 30, 2024 At December 31, 2023 Prepayments to suppliers 77,084 35,219 Deposits (1) 31,420 54,304 Inventories (2) Raw materials 3,901 231 Work-in-progress 3,907 115 Finished goods 358 - Deductible input value-added tax 3,137 3,425 Prepayments of income tax 2,084 15 Others 4,186 4,124 Total 126,077 97,433 (1) The Group pays deposits to certain electricity service providers. In order to minimize the deposit paid to the electricity supplier, in April 2023, Bitdeer Inc., a subsidiary of the Group, has entered into a guaranty agreement (the “2023 Guaranty Agreement”) with one of the electricity suppliers to act as a guarantor to provide the assurance for the payment obligation of another subsidiary of the Group in connection with electricity service subscribed. The total liability of the guarantor is limited to the lesser of the guaranteed obligations under all agreements or US$13.0 million in each case. In February 2024, Bitdeer and Bitdeer, Inc. together entered into a guaranty agreement with the electricity supplier to amend the 2023 Guaranty Agreement and limit the guarantor’s total liability to the lesser of the guaranteed obligations under all agreement or US$30.0 million in each case. (2) During the six months periods ended June 30, 2024 and 2023, there were no inventory recognized as an expense and included in cost of sales, and no write-down or reserve of write-down of inventory. During the periods ended June 30, 2024 and 2023, the Group did not recognize any allowance for expected credit losses or impairment for prepayments and other assets.

FINANCIAL ASSETS AT FAIR VALUE

FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS	6 Months Ended
	Jun. 30, 2024
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS [Abstract]
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS	12. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS The breakdown of financial assets at fair value through profit or loss is as follows: In thousands of USD At June 30, 2024 At December 31, 2023 Investments in unlisted equity instruments - Investment A 1,000 1,000 - Investment B 1,000 1,000 - Investment C 9,969 10,000 - Investment D – investment in a limited partnership set up by Matrixport Group (1) 21,421 19,875 - Investment E 1,500 1,500 - Investment F 725 400 - Investment I 1,624 - - Investment J 500 - Investments in unlisted debt instruments - Investment G 1,000 1,000 - Investment H 3,000 3,000 Total 41,739 37,775 (1) See Note 25. The above investments in unlisted debt and equity instruments at June 30, 2024 and December 31, 2023 were investments in funds and privately-held enterprises. These financial assets at fair value through profit or loss are measured at fair value using Levels 3 inputs with the assistance of an independent valuation specialist. Refer to Note 5 for more information. The Group does not have control or significant influence over the funds or privately-held enterprises.

MINING MACHINES

MINING MACHINES	6 Months Ended
	Jun. 30, 2024
MINING MACHINES [Abstract]
MINING MACHINES	13. MINING MACHINES The details of mining machines are as follows: In thousands of USD Mining Machines Cost: At January 1, 2024 168,513 Additions 1,136 At June 30, 2024 169,649 Accumulated depreciation: At January 1, 2024 (104,935 ) Charge for the period (9,487 ) At June 30, 2024 (114,422 ) Impairment: At January 1, 2024 (101 ) At June 30, 2024 (101 ) Net book value: At June 30, 2024 55,126 Cost: At January 1, 2023 122,203 Additions 31,402 Disposals (6,185 ) At June 30, 2023 147,420 Accumulated depreciation: At January 1, 2023 (94,399 ) Charge for the period (11,208 ) Disposals 5,583 At June 30, 2023 (100,024 ) Impairment: At January 1, 2023 (101 ) At June 30, 2023 (101 ) Net book value: At June 30, 2023 47,295

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2024
PROPERTY, PLANT AND EQUIPMENT [Abstract]
PROPERTY, PLANT AND EQUIPMENT	14. PROPERTY, PLANT AND EQUIPMENT The details of property, plant and equipment are as follows: In thousands of USD Construction in progress Building Land Machinery Electronic equipment Leasehold improvements and property improvements Others Total Cost: At January 1, 2024 30,095 27,364 2,058 48,738 15,286 117,808 11,580 252,929 Additions 48,159 897 - 154 12,749 16 192 62,167 Acquired through the Norway Acquisition (Note 6(b)) - 99 1,091 34 18 - 81 1,323 Construction in progress transferred in (2,172 ) 233 - 948 1 773 217 - Disposals - - - (9 ) (150 ) - (626 ) (785 ) Exchange adjustments - - 7 1 - - 1 9 At June 30, 2024 76,082 28,593 3,156 49,866 27,904 118,597 11,445 315,643 Accumulated depreciation: At January 1, 2024 - (4,631 ) - (13,462 ) (4,449 ) (70,978 ) (4,549 ) (98,069 ) Charge for the period - (713 ) - (3,417 ) (2,227 ) (13,390 ) (1,645 ) (21,392 ) Disposals - - - 5 122 - 440 567 At June 30, 2024 - (5,344 ) - (16,874 ) (6,554 ) (84,368 ) (5,754 ) (118,894 ) Net book value: At June 30, 2024 76,082 23,249 3,156 32,992 21,350 34,229 5,691 196,749 Cost: At January 1, 2023 16,512 23,449 484 32,872 10,624 104,517 8,428 196,886 Additions 19,390 - - 823 155 758 30 21,156 Construction in progress transferred in (5,548 ) - - - - 5,548 - - Disposals - - - (69 ) (15 ) - - (84 ) At June 30, 2023 30,354 23,449 484 33,626 10,764 110,823 8,458 217,958 Accumulated depreciation: At January 1, 2023 - (3,525 ) - (6,803 ) (2,473 ) (43,003 ) (2,446 ) (58,250 ) Charge for the period - (568 ) - (3,169 ) (954 ) (14,696 ) (989 ) (20,376 ) Disposals - - - 3 1 - - 4 At June 30, 2023 - (4,093 ) - (9,969 ) (3,426 ) (57,699 ) (3,435 ) (78,622 ) Net book value: At June 30, 2023 30,354 19,356 484 23,657 7,338 53,124 5,023 139,336 Construction in progress primarily represents the construction of mining datacenters. The Group had entered into contractual commitments, which was not recognized in payables, for the acquisition of property, plant and equipment amounting to approximately US$12.8 million and US$7.5 million as of June 30, 2024 and December 31, 2023, respectively.

INVESTMENT PROPERTIES

INVESTMENT PROPERTIES	6 Months Ended
	Jun. 30, 2024
INVESTMENT PROPERTIES
INVESTMENT PROPERTIES	15. INVESTMENT PROPERTIES The details of investment properties are as follows: In thousands of USD Leasehold land Building Others Total Cost: At January 1, 2024 5,915 31,273 1,101 38,289 Additions 38 - 241 279 Disposals (616 ) - - (616 ) Exchange adjustments (152 ) (669 ) (35 ) (856 ) At June 30, 2024 5,185 30,604 1,307 37,096 Accumulated depreciation: At January 1, 2024 (601 ) (3,205 ) (137 ) (3,943 ) Charge for the period (185 ) (1,063 ) (99 ) (1,347 ) Disposals 218 - - 218 Exchange adjustments 15 75 4 94 At June 30, 2024 (553 ) (4,193 ) (232 ) (4,978 ) Net book value: At June 30, 2024 4,632 26,411 1,075 32,118 Cost: At January 1, 2023 5,746 30,679 394 36,819 Additions 80 33 334 447 Exchange adjustments (63 ) (271 ) (4 ) (338 ) At June 30, 2023 5,763 30,441 724 36,928 Accumulated depreciation: At January 1, 2023 (199 ) (1,051 ) (27 ) (1,277 ) Charge for the period (195 ) (1,050 ) (35 ) (1,280 ) Exchange adjustments 3 13 - 16 At June 30, 2023 (391 ) (2,088 ) (62 ) (2,541 ) Net book value: At June 30, 2023 5,372 28,353 662 34,387 Leasehold land included in investment properties were right-of-use assets associated with leasehold land under operating leases where the building was constructed on. See Note 17. The Group leases the investment properties to its customers under operating leases for terms ranging from one and a half The maturity analysis of lease payments receivable under operating leases of investment properties was as follows: In thousands of USD At June 30, 2024 2024 1,890 2025 3,380 2026 2,751 2027 1,766 2028 1,723 Thereafter 3,465 Total 14,975 The Group has no restrictions on the use of its investment properties and no contractual obligations to each investment property purchased or for repairs, maintenance and enhancements. The fair value of investment properties of the Group as of June 30, 2024 and December 31, 2023 was approximately US$35.4 million and US$36.4 million, respectively, determined using the income approach based on the operation projection and the discount rate with the assistance of an independent valuation specialist. The fair value measurement of investment properties was considered as Level 3 in the fair value hierarchy. The Group did not record any impairment related to investment properties as of June 30, 2024 and December 31, 2023.

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL	6 Months Ended
	Jun. 30, 2024
INTANGIBLE ASSETS AND GOODWILL [Abstract]
INTANGIBLE ASSETS AND GOODWILL	16. INTANGIBLE ASSETS AND GOODWILL The details of intangible assets and goodwill are as follows: In thousands of USD Rights to electricity capacity Patents, trademarks and other rights Others Total intangible assets Goodwill Cost: At January 1, 2024 - 4,899 754 5,653 - Additions - 110 299 409 - Acquired through the Norway Acquisition (Note 6(b)) 22,429 - - 22,429 14,451 At June 30, 2024 22,429 5,009 1,053 28,491 14,451 Accumulated amortization: At January 1, 2024 - (573 ) (303 ) (876 ) - Charge for the period - (497 ) (143 ) (640 ) - At June 30, 2024 - (1,070 ) (446 ) (1,516 ) - Net book value: At June 30, 2024 22,429 3,939 607 26,975 14,451 Cost: At January 1, 2023 - 3 441 444 - Additions - 4,896 - 4,896 - At June 30, 2023 - 4,899 441 5,340 - Accumulated amortization: At January 1, 2023 - (1 ) (121 ) (122 ) - Charge for the period - (82 ) (72 ) (154 ) - At June 30, 2023 - (83 ) (193 ) (276 ) - Net book value: At June 30, 2023 - 4,816 248 5,064 - The Group had entered into contractual commitments, which was not recognized in payables, for the acquisition of intangible assets amounting to nil The Group did not record any impairment loss on intangible assets and goodwill for the six months ended June 30, 2024 and 2023.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2024
LEASES [Abstract]
LEASES	17. LEASES The Group occupies most of its office premises and certain mining datacenters under lease arrangements, which generally have an initial lease term between two years to 30 years. Lease contracts are typically made for fixed periods but may have extension options. The Group accounts for lease and non-lease component separately, where the non-lease component is charged to expenses as they incur. Any extension options in these leases have not been included in the lease liabilities unless the Group is reasonably certain to exercise the extension option. In addition, periods after termination options are only included in the lease term if the lease is reasonably certain not to be terminated. The Group does not have an option to purchase these leased assets at the expiration of the lease periods. The unaudited condensed consolidated statements of financial position show the following amounts relating to the right-of-use assets: In thousands of USD At June 30, 2024 At December 31, 2023 Right-of-use assets - Land and buildings 67,440 58,626 Investment properties - Leasehold land 4,632 5,314 Addition to the right-of-use assets and investment properties of leasehold land, including the increase in the right-of-use assets and investment properties of leasehold land as a result of lease modification, for the six months ended June 30, 2024 and 2023, were approximately US$17.0 million and US$3.1 million, respectively. The balance of the investment properties leasehold land was included in investment properties. See Note 15. The Group has an obligation to complete the site restoration of its leased land held by Asia Freeport Holdings Pte. Ltd. and its subsidiaries (collectively, “AFH”) in Singapore upon expiration of the lease for such land. The provision for the site restoration is updated annually. There is no material change for the provision for the site restoration for the six months ended June 30, 2024 and 2023. The unaudited condensed consolidated statements of financial position show the following amounts relating to the lease liabilities: In thousands of USD At June 30, 2024 At December 31, 2023 Lease liabilities mature within 12 months 5,239 5,288 Lease liabilities mature over 12 months 74,123 64,923 Total lease liabilities* 79,362 70,211 * Lease liabilities in amount of approximately US$4.0 million and US$4.6 million was related to the leasehold land included in the investment properties as of June 30, 2024 and December 31, 2023. See Note 15. Amounts recognized in profit or loss: Periods ended June 30, In thousands of USD 2024 2023 Depreciation expense of right-of-use assets 3,625 3,205 Interest expense* 1,676 1,299 Expense relating to variable payment leases 134 193 Expense relating to short-term leases 160 159 Loss on lease termination 198 - Total 5,793 4,856 *The interest expense includes the amount related to the leasehold land included in the investment properties for the periods ended June 30, 2024 and 2023, which was approximately US$0.1 million for each periods. See Note 15. The total cash outflow for leases for the six months ended June 30, 2024 and 2023 was approximately US$4.3 million and US$3.9 million, respectively.

BORROWINGS

BORROWINGS	6 Months Ended
	Jun. 30, 2024
BORROWINGS [Abstract]
BORROWINGS	18. BORROWINGS Borrowings consist of the following: In thousands of USD At June 30, 2024 At December 31, 2023 Convertible debt (1) 22,735 22,618 Senior secured notes (2) 15,093 - Total 37,828 22,618 (1) The Group issued a US$30.0 million promissory note on July 23, 2021. The promissory note is non-secured, bears an annual interest rate of 8%, matures on July 23, 2023 and provides the holder an option to convert all or any portion of the note into the ordinary shares of Bitdeer at US$0.0632 per share at any time from the issuance of the note to the second anniversary of the date of issuance. Approximately US$683,000 was recognized as an equity component. In July 2023, the Group repaid US$7.0 million in principal and amended the promissory note to extend the maturity of the promissory note to July 21, 2025. In addition, to reflect the reverse recapitalization effectuated in April 2023 as disclosed in Note 6(a), the shares the promissory note is convertible into was changed from the ordinary shares of Bitdeer to the Class A ordinary shares of the Group, and the per-share conversion price was adjusted to US$7.3660 from US$0.0632. The extension of the maturity date is accounted for as a debt modification, and a gain from modification of approximately US$481,000 was recognized in earnings. The unamortized discount as of June 30, 2024 and December 31, 2023 was approximately US$265,000 and US$382,000, respectively. (2) The senior secured notes were part of purchase consideration paid for the Norway Acquisition disclosed in Note 6(b). The unamortized premium as of June 30, 2024, was approximately US$93,000.

DERIVATIVE LIABILITIES

DERIVATIVE LIABILITIES	6 Months Ended
	Jun. 30, 2024
DERIVATIVE LIABILITIES [Abstract]
DERIVATIVE LIABILITIES	19. DERIVATIVE LIABILITIES As disclosed in Note 23, the Group issued Tether warrants to purchase up to 5,000,000 Class A ordinary shares at an exercise price of US$10.00 per share and exercisable within one year in connection with the private placement with Tether in May 2024. The warrant includes repricing adjustments for offerings at a price lower than the existing exercise price of the warrant and as a result, the Group has the obligation to issue a variable number of shares for a fixed total consideration upon exercise of the warrants. The fair value of the warrant was determined using the binomial model, which is a type of option pricing model with the assistance of an independent valuation specialist. The following table represents the movement of the warrant derivative liabilities: In thousands of USD Balance as of January 1, 2024 - Issuance of warrant 11,106 Change in fair value of derivative liabilities 14,230 Balance as of June 30, 2024 25,336 The following table provides the inputs used in the model for determining the value of the warrant derivative liabilities: At June 30, 2024 Initial recognition - At May 30, 2024 Share price 10.26 5.82 Dividend yield (%) - - Expected volatility (%) 133 % 136 % Risk-free interest rate (%) 5.13 % 5.19 %

OTHER PAYABLES AND ACCRUALS

OTHER PAYABLES AND ACCRUALS	6 Months Ended
	Jun. 30, 2024
OTHER PAYABLES AND ACCRUALS [Abstract]
OTHER PAYABLES AND ACCRUALS	20. OTHER PAYABLES AND ACCRUALS Other payables and accruals consist of the following: In thousands of USD At June 30, 2024 At December 31, 2023 Deposits from hosting customers 9,207 8,114 Payables for surtaxes 8,047 9,952 Accrued operating expenses 6,629 9,732 Payable to the former owners in Norway Acquisition (1) 6,094 - Payables for staff-related costs 1,791 2,554 Restoration provision for leasehold land 1,364 1,363 Others 438 436 Total 33,570 32,151 (1) Represent balance due to former owners in Norway Acquisition, which is a normal annual dividend authorized prior to the acquisition. It is thus accounted for as part of the liabilities assumed from the business combination described in Note 6(b), and listed in other payables. Except for the deposits from hosting customers, which are repayable to customers based on their respective contractual arrangements, and restoration provision for leasehold land, which is repayable upon the expiration of the lease, all other payables and accruals are expected to be settled within one year or are repayable on demand.

EXPENSES BY NATURE AND OTHER IN

EXPENSES BY NATURE AND OTHER INCOME AND EXPENSES ITEMS	6 Months Ended
	Jun. 30, 2024
EXPENSES BY NATURE AND OTHER INCOME AND EXPENSES ITEMS [Abstract]
EXPENSES BY NATURE AND OTHER INCOME AND EXPENSES ITEMS	21. EXPENSES BY NATURE AND OTHER INCOME AND EXPENSES ITEMS (a) Expenses by nature Periods ended June 30, In thousands of USD 2024 2023 Staff cost - Salaries, wages and other benefits 28,987 24,345 Share-based payment 15,896 21,847 Amortization - intangible assets 640 154 Depreciation - mining machines 9,487 11,208 - property, plant and equipment 21,392 20,376 - investment properties 1,347 1,280 - right-of-use assets 3,625 3,205 Electricity cost in operating mining machines 110,474 84,510 One-off incremental development expense 14,878 - Cost of mining machines sold - 4 Consulting service fee 3,712 5,650 Office expenses 2,058 1,894 Travel expenses 1,760 1,227 Insurance fee 1,566 692 Research and development technical service fees 1,424 1,104 Advertising expenses 1,082 628 Expenses of low-value consumables 843 1,126 Expenses of short-term leases 160 159 Logistic expenses 148 243 Expenses of variable payment lease 134 193 Others 4,482 6,422 Total cost of revenue, selling, general and administrative and research and development expenses 224,095 186,267 (b) Other operating income / (expenses) Periods ended June 30, In thousands of USD 2024 2023 Net gains on disposal of cryptocurrencies 3,981 471 Change in fair value of cryptocurrency-settled receivables and payables 32 - Reversal / (recognition) of impairment loss of cryptocurrencies (823 ) 1 Net losses on disposal of mining machines - (572 ) Others (13 ) - Total 3,177 (100 ) (c) Other net gains / (losses) Periods ended June 30, In thousands of USD 2024 2023 Changes in fair value of financial assets at fair value through profit or loss 1,440 2,238 Net gains / (losses) on disposal of property, plant and equipment 26 (51 ) Government grants 15 31 Change in fair value of derivative liabilities (14,230 ) - Others (271 ) (610 ) Total (13,020 ) 1,608 (d) Finance income / (expenses) Periods ended June 30, In thousands of USD 2024 2023 Interest income 3,535 4,074 Cryptocurrency transaction service fee (25 ) (37 ) Loss on foreign currency transactions (397 ) (2,335 ) Interest expense on borrowings (1,242 ) (1,390 ) Interest on lease liabilities (1,676 ) (1,299 ) Others (88 ) (140 ) Total 107 (1,127 )

SHARE-BASED PAYMENTS

SHARE-BASED PAYMENTS	6 Months Ended
	Jun. 30, 2024
SHARE-BASED PAYMENTS [Abstract]
SHARE-BASED PAYMENTS	22. SHARE-BASED PAYMENTS In March 2023, the board of directors of BTG approved the 2023 Share Incentive Plan (the “2023 Plan”), which was effective upon the completion of the Business Combination on April 13, 2023. Under the 2023 Plan, the Group is able to issue up to an aggregate of 21,877,912 Class A ordinary shares to the designated recipients. In April 2023, the Group modified the expiration date of all outstanding share awards to be the tenth three tenth In June 2023, the board of directors of BTG approved the 2023 Performance Share Plan (the “2023 Performance Plan”), which was effective in October 2023. Under the 2023 Performance Plan, the Group is able to issue up to an aggregate of 1,112,886 Class A ordinary shares to the designated recipients. The number of Class A ordinary shares available for issuance under the 2023 Performance Plan could be subsequently adjusted to be no more than 11,128,861 based on the Group’s market capitalization as set forth in the 2023 Performance Plan. The Group did not issue any award under the 2023 Performance Plan for the six months ended June 30, 2024. The following table illustrates the number of shares and weighted average exercise prices of, and movements in, share awards. For retrospective presentation, the number of Bitdeer’s share awards have been scaled by the exchange ratio of approximately 0.00858 for periods prior to the completion of the Business Combination on April 13, 2023. Period ended June 30, 2024 Number of options (’000) Weighted average exercise price per share award (US$) Weighted average fair value per share award (US$) As at January 1, 2024 11,744 3.65 23.04 Granted during the period 1,276 6.53 5.78 Exercised during the period (1) (168 ) 3.61 21.83 Forfeited during the period (95 ) 3.86 17.61 As at June 30, 2024 12,757 3.94 21.37 Vested and exercisable at June 30, 2024 6,950 3.63 23.63 Period ended June 30, 2023 Number of options (’000) Weighted average exercise price per share award (US$) Weighted average fair value per share award (US$) As at January 1, 2023 10,398 3.50 25.27 Granted during the period 401 3.50 4.72 Forfeited during the period (130 ) 3.50 19.85 As at June 30, 2023 10,669 3.50 24.57 Vested and exercisable at June 30, 2023 5,293 3.50 24.57 (1) The total proceeds received from the exercised shares under the 2023 plan for the six months ended June 30, 2024 was approximately US$604,000. The weighted average contractual life for the remaining options at June 30, 2024 and 2023 was 7.72 years and 8.32 years, respectively. The expense recognized for share awards during the six months ended June 30, 2024 and 2023 was approximately US$15.9 million and US$21.8 million. The breakdown is as follows: Periods ended June 30, In thousands of USD 2024 2023 Cost of revenue 1,340 2,576 General and administrative expenses 9,172 11,299 Research and development expenses 4,367 6,107 Selling expenses 1,017 1,865 Total 15,896 21,847 The fair value of the share awards is estimated at the grant date using the binomial model with the assistance of an independent valuation specialist. The following table provides the range of the key inputs to the model used for determining the value of the grant for the six months ended June 30, 2024 and 2023: Periods ended June 30, 2024 2023 Dividend yield (%) - - Expected volatility (%) 118 % 121% - 124 % Risk-free interest rate (%) 3.88% - 4.33 % 4.152% - 4.167 % Exercise multiple 2.20 – 2.80 2.20 - 2.80 The incremental fair value related to the modification of expiration date of the share awards is estimated at the modification date using the binomial model with the assistance of an independent valuation specialist. The following table provides the inputs range to the model used for determining the incremental fair value of the modification for the options granted during the six months ended June 30, 2023: Period ended June 30, 2023 Dividend yield (%) - Expected volatility (%) 119 % Risk-free interest rate (%) 3.45 % Exercise multiple 2.20 - 2.80 The above inputs for the binomial model have been determined based on the following: • Dividend return is estimated by reference to the Group’s plan to distribute dividends in the near future. Currently, this is estimated to be zero as the Group plans to retain all profit for corporate expansion; • Expected volatility is estimated based on the daily close price volatility of a number of comparable companies to the Group; • Risk-free interest rate is based on the yield to maturity of U.S. treasury bills denominated in US$ at the option valuation date; • Exercise multiple is based on empirical research on typical share award exercise behavior.

EQUITY

EQUITY	6 Months Ended
	Jun. 30, 2024
EQUITY [Abstract]
EQUITY	23. EQUITY Issued share capital On April 13, 2023, Bitdeer completed the Business Combination described in Note 6(a), upon which the Group’s equity structure changed to that of BTG and the authorized share capital is US$50,000 divided into: (i) 499,600,000,000 Class A ordinary shares with a par value of US$0.0000001 each, (ii) 200,000,000 Class V ordinary shares with a par value of US$0.0000001 each, (iii) 200,000,000 undesignated shares with a par value of US$0.0000001 each. Upon completion of the Business Combination, all issued and outstanding 4,384,796,703 Class A ordinary shares, 453,892,313 Series A preferred shares, 870,232,230 Series B preferred shares and 1,314,267,705 Series B+ preferred shares of Bitdeer were cancelled in exchange for newly issued 60,281,185 Class A ordinary shares of BTG at an exchange ratio of approximately 0.00858. All issued and outstanding 5,631,795,619 Class B ordinary shares and 7,141,236 Series A preferred shares were cancelled in exchange for newly issued 48,399,922 Class V ordinary shares of BTG at an exchange ratio of approximately 0.00858. All issued and outstanding 2,607,498 ordinary shares of BSGA were cancelled in exchange for newly issued 2,607,498 Class A ordinary shares of BTG. Each share of Class A ordinary shares is granted 1 vote and each share of Class V ordinary shares is granted 10 votes. All classes of ordinary shares are entitled to dividend and rank pari passu except for voting rights. In June and October 2023, the board of directors of the Group approved the adoption of two share repurchase programs which authorized to repurchase Class A ordinary shares of the Group up to US$1.0 million worth during the period from June 16, 2023 to December 15, 2023 (as amended) and up to US$2.0 million worth during the period from October 18, 2023 to April 17, 2024, respectively. The Group purchased 606,756 Class A ordinary shares for approximately US$2.6 million under the share repurchase programs. During the six months ended June 30, 2024, the Group cancelled 606,756 treasury shares purchased under share repurchase program. In August 2023, the Group entered into a purchase agreement with B. Riley Principal Capital II, LLC (“B. Riley Principal Capital II”). Pursuant to the purchase agreement, the Group has the right to sell to B. Riley Principal Capital II, up to US$150,000,000 of its Class A ordinary shares with a par value US$0.0000001 per share. The purchase agreement has the maturity date of up to 36-month anniversary from the commencement date or on the date which B. Riley Principal Capital II shall have purchased Class A ordinary shares of an aggregate gross purchase price of US$150,000,000 or other termination conditions stated in the purchase agreement. During the six months ended June 30, 2024 and 2023, the Group newly issued 6,922,648 and nil nil In March 2024, the Group entered into a sales agreement with B. Riley Securities, Inc., Cantor Fitzgerald & Co., Needham & Company, LLC, StockBlock Securities LLC, Roth Capital Partners, LLC and Rosenblatt Securities Inc. (the “Sales Agents”). Pursuant to the sales agreement, the Group has the right to sell to the Sales Agents, up to US$250,000,000 of its Class A ordinary shares with a par value US$0.0000001 per share. During the six months ended June 30, 2024, the Group newly issued 1,031,072 Class A ordinary shares with net proceeds, after transaction costs, of approximately US$5.6 million. In April 2024, the Group issued 417,130 Class A ordinary shares to Renol Invest AS and Bryhni.com AS in connection with the Norway Acquisition, as described in Note 6(b). The fair value of the Class A ordinary shares was determined based on the number of shares transferred and the closing price on the acquisition date, amounting to US$2.4 million. In May 2024, the Group entered into a subscription agreement with Tether International Limited (“Tether”). Pursuant to the agreement, the Group agreed to issue and sell to Tether (i) 18,587,360 Class A ordinary shares with a par value of US$0.0000001 per share and (ii) a warrant to purchase up to 5,000,000 Class A ordinary shares at an exercise price of US$10.00 per share, subject to certain adjustments, for a total consideration of US$100,000,000. The fair value of the warrant at initial recognition was determined using the binomial model with the assistance of an independent valuation specialist and amounted to US$11.1 million recognized as derivative liabilities, refer to Note 19 for more information. The residual net transaction amount of US$87.4 million was recognized as an equity component. Class A Ordinary Shares Amount in USD Class V Ordinary Shares Amount in USD At January 1, 2024, shares issued and outstanding 63,566,376 6 48,399,922 5 Issuance of shares for exercise of share awards 167,535 * - - Issuance of shares for cash 26,541,080 3 - - Issuance of shares as consideration for the Norway Acquisition 417,130 * - - At June 30, 2024, shares issued and outstanding 90,692,121 9 48,399,922 5 At January 1, 2023, shares issued and outstanding 60,281,184 6 48,399,922 5 Issuance of shares through Business Combination 2,607,498 * - - At June 30, 2023, shares issued and outstanding 62,888,682 6 48,399,922 5 *Amount less than US$1 Reserves The Group’s reserves mainly include the following: (i) Share premium, which effectively represents the share subscription amount paid over the par value of the shares. The application of the share premium account is governed by Section 34 of the Companies Law, Cap. 22 (Law 3 of 1961, as consolidated and revised) of the Cayman Islands as amended, supplemented or otherwise modified from time to time. (ii) All foreign exchange differences arising from the translation of the financial statements of foreign operations. (iii) The value of the conversion option of the equity component embedded in the convertible debt. (iv) The accumulated share-based payment expenses. (v) The value of options granted. Capital management The Group’s primary objective in terms of managing capital is to • S • To support the Group’s stability and growth • To provide capital for the purpose of strengthening the Group’s risk management capability The Group’s business and financial condition are highly correlated with the market price of cryptocurrencies. For the six months ended June 30, 2024 and 2023, the Group’s revenue is substantially generated from cryptocurrency-related operations. The Group has adopted various measures to minimize the risk associated with the fluctuation in the market price of cryptocurrencies, specifically, the Group has implemented an internal strategy requiring prompt conversion of all the cryptocurrencies received from ordinary operations into fiat currencies. In order to maintain or adjust the capital structure, the Group reviews and manages its capital structure actively and regularly to ensure optimal capital structure and shareholder returns, taking into account the future capital requirements of the Group and capital efficiency, prevailing and projected profitability, projected operating cash flows, projected capital expenditures and projected strategic investment opportunities. The Group is not subject to externally imposed capital requirements.

TAXATION

TAXATION	6 Months Ended
	Jun. 30, 2024
TAXATION [Abstract]
TAXATION	24. TAXATION The subsidiaries of the Group incorporated in Cayman Islands and British Virgin Islands (“BVI”) are not subject to tax on income or capital gain. In addition, payments of dividends by the Group to its shareholders are not subject to withholding tax in Cayman Islands. The subsidiaries of the Group incorporated in other countries are subject to income tax pursuant to the rules and regulations of their respective countries of incorporation. The provisions for income taxes for the six months ended June 30, 2024 and 2023 are summarized as follows: Periods ended June 30, In thousands of USD 2024 2023 Current income tax expenses 5,068 939 Deferred income tax benefit (3,027 ) (3,746 ) Total 2,041 (2,807 ) Taxes on profits or losses for the interim period are accrued using the tax rates that would be applicable to expected total annual assessable profit or loss. The effective tax rate for the six months ended June 30, 2024 and 2023 was (13.5%) and 5.3%, respectively. Deferred tax assets / (liabilities) as of June 30, 2024 and December 31, 2023 comprise of the following: In thousands of USD At June 30, 2024 At December 31, 2023 Deferred tax assets Net operating losses - 136 Share-based payments 3,929 3,573 Deferred revenue 4,184 4,184 Property, plant and equipment, intangible assets and right-of-use assets 1,933 1,120 Total deferred tax assets 10,046 9,013 Set-off of deferred tax positions relate to income taxes levied by the same tax authority (6,520 ) (8,022 ) Deferred tax assets 3,526 991 Deferred tax liabilities Property, plant and equipment and intangible assets (12,709 ) (9,642 ) Set-off of deferred tax positions relate to income taxes levied by the same tax authority 6,520 8,022 Deferred tax liabilities (6,189 ) (1,620 ) Net deferred tax liabilities (2,663 ) (629 ) The movements in the net deferred tax liabilities during the six months ended June 30, 2024 and 2023 are as follows: In thousands of USD January 1, 2024 Recognized in profit or loss Acquired through the business combination (Note 6(b)) June 30, 2024 Tax losses carried forward 136 (136 ) - - Share-based payments 3,573 356 - 3,929 Deferred revenue 4,184 - - 4,184 Property, plant and equipment, intangible assets and right-of-use assets (8,522 ) 2,807 (5,061 ) (10,776 ) Net deferred tax liabilities (629 ) 3,027 (5,061 ) (2,663 ) In thousands of USD January 1, 2023 Recognized in profit or loss June 30, 2023 Tax losses carried forward 4,324 (572 ) 3,752 Share-based payments 2,672 403 3,075 Deferred revenue - 1,796 1,796 Property, plant and equipment, intangible assets and right-of-use assets (13,765 ) 2,119 (11,646 ) Net deferred tax liabilities (6,769 ) 3,746 (3,023 ) The Group has not recognized deductible temporary differences and a portion of the tax loss carryforward because the criteria for recognition (i.e. the probability of future taxable profits) were not met. The amount of such unused tax losses will expire as follows: Tax Jurisdiction Amount in thousands of USD Earliest year of expiration if not utilized Singapore 23,295 Indefinitely Hong Kong 4,213 Indefinitely United States 1,557 Indefinitely Norway 6,127 Indefinitely Bhutan 87 2027 Total 35,279

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2024
RELATED PARTY TRANSACTIONS [Abstract]
RELATED PARTY TRANSACTIONS	25. RELATED PARTY TRANSACTIONS Compensation for key management and board of directors Periods ended June 30, In thousands of USD 2024 2023 Salaries and other emoluments 4,383 4,263 Total 4,383 4,263 Related party balances and transactions The followings set forth the significant related party and its relationships with the Group: Name of related party Relationship with the Group Matrix Finance and Technologies Holding Group and its subsidiaries (“Matrixport Group”) The Group’s controlling person is the co-founder and chairman of the board of directors of Matrixport Group and has significant influence over Matrixport Group. Details of assets, liabilities and transactions with the related party are as follows: In thousands of USD At June 30, 2024 At December 31, 2023 Due from a related party - Trade receivables (2) 6,248 187 Total due from a related party 6,248 187 Due to a related party - Other payables (1) 3,380 33 Total due to a related party 3,380 33 Deferred revenue from a related party - Deferred revenue (2) 32,777 - Total deferred revenue from a related party 32,777 - Periods ended June 30, In thousands of USD 2024 2023 - Provide service to a related (2) 17,956 330 - Receive service from a related party 87 154 - Changes in fair value of financial assets at fair value through profit or loss 1,546 2,238 - Sales of mining machine peripherals to a related party 41 - (1) Other payables represent the deposit received related to the hosting service provided and the accrued service expense related to the custody and other services provided by the related party. (2) Mainly related to the hosting service provided by the Group. During the six months ended June 30, 2024 and 2023, substantially all of the Group’s cryptocurrencies were held in custody by Matrixport Group, and the Group’s disposal of cryptocurrencies, at spot price on the date of disposal, was primarily to Matrixport Group.

LOSS PER SHARE

LOSS PER SHARE	6 Months Ended
	Jun. 30, 2024
LOSS PER SHARE [Abstract]
LOSS PER SHARE	26. LOSS PER SHARE The calculation of basic earnings / (loss) per share is based on the profit or loss attributable to ordinary equity shareholders of the Group and the weighted average number of ordinary shares outstanding for the six months ended June 30, 2024 and 2023. Diluted earnings / (loss) per share is computed using the weighted average number of ordinary shares and dilutive potential ordinary shares outstanding during the respective periods. As the Group incurred losses for the six months ended June 30, 2024 and 2023, the potential ordinary shares related to the outstanding share awards, convertible debt, warrant recorded in the derivative liabilities and options issued in the Norway Acquisition were not included in the calculation of dilutive loss per share, as their inclusion would be anti-dilutive. The following reflects the income and share data used in the basic and diluted earnings / (loss) per ordinary share computations: Periods ended June 30, In thousands of USD, except for the per share data 2024 2023 Loss attributable to ordinary equity shareholders of the Group (17,137 ) (49,827 ) Weighted average number of ordinary shares outstanding (thousand shares) 120,686 109,805 Loss per share, basic and diluted (In USD) (0.14 ) (0.45 ) (1) Each Class A ordinary share carries 1 vote and each Class V ordinary share carries 10 votes. All classes of shares are entitled to dividend and rank pari passu except for voting rights. They are included in the ordinary shares and the shareholders of the shares are referred to as the ordinary equity shareholders in the context of notes and presentations of earnings per share.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	6 Months Ended
	Jun. 30, 2024
SUPPLEMENTAL CASH FLOW INFORMATION [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	27. SUPPLEMENTAL CASH FLOW INFORMATION The non-cash investing and financing activities are as follows: Periods ended June 30, In thousands of USD 2024 2023 NON-CASH INVESTING AND FINANCING TRANSACTIONS Operating lease right-of-use assets and leasehold land obtained in exchange for operating lease liabilities 17,035 3,058 Liabilities assumed in connection with acquisition of property, plant and equipment and intangible assets 10,664 4,896 Prepayments realized as additions to property, plant and equipment 9,046 - Settlement of pre-existing debtor relationship in the Norway Acquisition (Note 6(b)) 10,061 - Issuance of senior secured notes, Class A ordinary shares and share options in connection with the Norway Acquisition (Note 6(b)) 17,952 - Cancellation of repurchased treasury shares 2,604 -

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2024
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	28. SUBSEQUENT EVENTS In June 2024, the Group entered into a share purchase agreement to acquire 100% of the equity interests in FreeChain Inc.(“FreeChain”). Pursuant to the agreement, the Group agreed to acquire 100% of FreeChain in exchange for 20 million Class A ordinary shares of the Group. The acquisition was closed on September 13, 2024. In July 2024, the Group granted a total of approximately 86,410 share awards to the designated recipients under the 2023 Plan. Each share award grants an option for the recipient to purchase one share of the Group’s ordinary shares at an exercise price of US$10.59 per share. The share awards vest up to five years, and the recipient shall continue to provide services to the Group by each vesting date. The share awards expire on the tenth In July 2024, the holder of promissory note converted US$3.0 million of the promissory note’s principal into 407,276 shares at a conversion price of US$7.3660 per share. In August 2024, the Group issued US$150.0 million aggregate principal amount of convertible senior notes (the “notes”) plus up to an additional US$22.5 million principal amount of the notes pursuant to the underwriters’ over-allotment option. The notes are unsecured, bear annual interest of 8.5%, mature on August 15, 2029, and provide holders with the option to convert all or any portion of the notes at any time, in integral multiples of US$1,000 principal amount, into Class A ordinary shares of Bitdeer at US$8.55 per share prior to the close of business on the second scheduled trading day immediately preceding the maturity date. The conversion price of the notes is subject to anti-dilution adjustments, such as share splits or combinations, and the issuance of Class A ordinary shares as dividends or distributions. The net proceeds received are approximately US$167.3 million with the underwriters’ over-allotment option fully exercised, after deducting the underwriters’ discounts. In August 2024, the Group made a partial repayment of the outstanding principal balance of the senior secured notes issued for the Norway Acquisition in the amount of US$5.0 million. In September 2024, the board of directors of the Group approved a share repurchase program under which the Group may repurchase up to US$10.0 million worth of the Group’s Class A ordinary shares, effective from September 9, 2024 through September 8, 2025. As of September 23, 2024, the Group has repurchased 145,762 Class A ordinary shares for approximately US$0.9 million under the share repurchase program. For the period from July 1, 2024 to September 23, 2024, the Group newly issued 691,168 Class A ordinary shares with net proceeds of approximately US$7.9 million. There were no other material subsequent events during the period from June 30, 2024 to the approval date of this Interim Financial Information on September 23, 2024.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Business Combinations	a. Business Combinations Business combinations are accounted for under IFRS 3 using the acquisition method as of the acquisition date, which is the date on which the Group obtains control of the acquiree. Under the acquisition method, the Group allocates the excess of the consideration transferred over the fair value of identifiable net assets acquired to goodwill. A bargain purchase gain will be recognized under the circumstance where the consideration transferred is less than the identified net assets acquired. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition date fair values of assets transferred by the Group, liabilities incurred by the Group to the former owners of the acquiree and the equity interest issued by the Group in exchange for control of the acquiree. Acquisition-related costs are recognized in profit or loss as incurred. Identifiable assets acquired and liabilities assumed in a business combination are, with limited exceptions, measured initially at their fair values at the acquisition date.
Goodwill	b. Goodwill Goodwill arising from business combination is not amortized and tested for impairment annually, or more frequently if events or changes in circumstances indicate that it might be impaired and is carried at cost less accumulated impairment losses. Goodwill is allocated to each of the cash-generating units (“CGUs”), or groups of CGUs, that are expected to benefit from the synergies of the business combination, using a relative value method. The units or groups of units are identified at the lowest level at which goodwill is monitored for internal management purposes. An impairment loss is recognized to the extent that the carrying value of goodwill exceeds the recoverable amount, which is the higher of fair value less costs of disposal and value in use. The impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in a CGU. An impairment loss recognized for goodwill is not reversed in a subsequent period.
Inventories	c. Inventories Inventories, consisting of raw materials, work in process and finished goods, which are stated at the lower of cost and net realizable value. Cost is calculated using the standard cost method and comprises all costs of purchase, costs of conversion, and other costs incurred in bringing the inventories to their present location and condition. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. At each reporting date, inventories are reviewed for obsolescence, damage, or slow-moving stock. A write-down is recorded as the cost of revenue if the carrying amount exceeds the estimated net realizable value. The amount of any reversal of any write-down of inventories is recognized as a reduction in the amount of inventories recognized in the period in which the reversal occurs.
Financial instruments	d. Financial Instruments Financial liabilities Financial liabilities are classified and measured either at amortized cost using effective interest method or at fair value through profit or loss. Financial liabilities are classified as at fair value through profit or loss when the financial liability is either held for trading or is designated as at fair value through profit or loss. Financial liabilities at fair value through profit or loss are stated at fair value, with any gains or losses arising on remeasurement recognized in profit or loss. Financial liabilities other than those held for trading purposes and designated as at fair value through profit or loss are subsequently measured at amortized cost at the end of each reporting period. Derecognition of financial liabilities The Group derecognizes financial liabilities when, and only when, the Group’s obligations are discharged, cancelled or they expire. The difference between the carrying amount of the financial liabilities derecognized and the consideration paid and payable is recognized in profit or loss. Derivative liabilities The Group accounts for financial instruments, such as warrants, as either equity-classified or liability-classified instruments based on an assessment of the specific terms of the instrument and applicable authoritative guidance in accordance with IAS 32. Warrants issued by the Group that provide for potential adjustments to the exercise price or number of shares in response to, among other events, future equity issuances, result in the Group’s obligation to issue variable number of shares in exchange for a fixed total consideration. These warrants are classified as derivative liabilities which are measured at fair value at the issuance date and subsequently remeasured at each reporting date, with changes in fair value recognized in the profit or loss. For each reporting period, any changes in the fair value of the derivative liabilities are recognized in other net gains / (losses). The Group classifies derivative liabilities within Level 3 of the fair value hierarchy due to the use of unobservable inputs in the valuation process.
Changes in accounting policies and newly adopted accounting policies	e. Changes in accounting policies and newly adopted accounting policies The Group has applied the following amendments to IFRSs issued by the IASB to this interim financial report for the current accounting period: • Amendments to IAS 1, Classification of Liabilities as Current or Non-current and Disclosure of Accounting Policies • Amendments to IAS 1, Classification of Debt with Covenants • Amendments to IFRS 16, Subsequent Measurement of Sale and Leaseback Transactions by a Seller-lessee • Amendments to IAS 7 and IFRS 7, Supplier Finance Arrangements None of these amendments have had a material effect on how the Group’s results and financial position for the current or prior periods have been prepared or presented in this interim financial report. The Group has not applied any new standard or interpretation that is not yet effective for the current accounting period.
Standards and interpretations effective but not yet adopted	f. Standards and interpretations effective but not yet adopted The following standards apply to the preparation of sustainability reports and are effective for annual reporting periods beginning on or after January 1, 2024. The authority of the Company’s jurisdiction has not yet mandated these standards; however, the Company is continuing to review the impact of the standards on its financial reporting. • IFRS S1, General Requirements for Disclosure of Sustainability-related Financial Information • IFRS S2, Climate-related Disclosures Certain other new accounting standards and interpretations have been published that are not mandatory for the reporting periods presented and have not been early adopted by the Group. Those standards are not expected to have a material impact on the Group in the current or future reporting periods and on foreseeable future transactions.

FINANCIAL RISK MANAGEMENT AND_2

FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL INSTRUMENTS [Abstract]
Maturity Profile of the Group's Financial Liabilities Based on Contractual Undiscounted Payments	The following is the maturity profile of the Group’s financial liabilities which expose the Group to liquidity risk based on contractual undiscounted payments: At June 30, 2024 In thousands of USD Within 1 year or on demand More than 1 year but less than 2 years More than 2 years but less than 5 years More than 5 years Total Carrying amount at June 30 Trade payables 36,166 - - - 36,166 36,166 Other payables and accruals 33,570 - - - 33,570 33,570 Amounts due to a related party 3,380 - - - 3,380 3,380 Borrowings - 23,000 15,000 - 38,000 37,828 Lease liabilities 8,254 8,722 26,085 60,676 103,737 79,362 81,370 31,722 41,085 60,676 214,853 190,306 At December 31, 2023 In thousands of USD Within 1 year or on demand More than 1 year but less than 2 years More than 2 years but less than 5 years More than 5 years Total Carrying amount at December 31 Trade payables 32,484 - - - 32,484 32,484 Other payables and accruals 32,151 - - - 32,151 32,151 Amounts due to a related party 33 - - - 33 33 Borrowings - 23,000 - - 23,000 22,618 Lease liabilities 7,835 7,787 22,217 48,862 86,701 70,211 72,503 30,787 22,217 48,862 174,369 157,497
Fair Value Measurement Hierarchy for the Group's Financial Instruments	The fair value measurement hierarchy for the Group’s financial instruments measured at fair value is as follows: In thousands of USD Valuation technique(s) and key input June 30, 2024 Level 1 Level 2 Level 3 USDC Quoted price 3 3 - - Cryptocurrency-settled receivables Quoted price 1,002 1,002 - - Investment A, B, D, and E in unlisted equity instrument Net asset value 24,921 - - 24,921 Investment F, I and J in unlisted equity instrument Recent transaction price 2,849 - - 2,849 Investment C in unlisted equity instrument Market calibration method 9,969 - - 9,969 Investment G in unlisted debt instrument Net asset value 1,000 - - 1,000 Investment H in unlisted debt instrument Recent transaction price 3,000 - - 3,000 Cryptocurrency-settled payables Quoted price 9,824 9,824 - - Derivative liabilities Option pricing model 25,336 - - 25,336 In thousands of USD Valuation technique(s) and key input December 31, 2023 Level 1 Level 2 Level 3 USDC Quoted price 35 35 - - Cryptocurrency-settled receivables Quoted price 1,892 1,892 - - Investment A, B, D and E in unlisted equity instrument Net asset value 23,375 - - 23,375 Investment F in unlisted equity instrument Recent transaction price 400 - - 400 Investment C in unlisted equity instrument Market calibration method 10,000 - - 10,000 Investment G in unlisted debt instrument Net asset value 1,000 - - 1,000 Investment H in unlisted debt instrument Recent transaction price 3,000 - - 3,000 Cryptocurrency-settled payables Quoted price 5,636 5,636 - -
Fair Value Measurement of Assets	The following table presents the changes in level 3 financial instruments for the periods ended June 30, 2024 and 2023: In thousands of USD Unlisted equity instruments and debt instruments Derivative liabilities At January 1, 2024 37,775 - Additions 2,524 11,106 Disposals - - Net fair value changes recognized in profit or loss 1,440 14,230 At June 30, 2024 41,739 25,336 At January 1, 2023 60,959 - Additions 1,400 - Disposals (31,111 ) - Net fair value changes recognized in profit or loss 2,238 - At June 30, 2023 33,486 -

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	6 Months Ended
	Jun. 30, 2024
BSGA [Member]
Disclosure of detailed information about business combination
Purchase Price Allocation of Identifiable Assets acquired and Liabilities Assumed	The details of the purchase price allocation of the identifiable assets acquired and liabilities assumed are as follows: At April 13, 2023 In thousands of USD, except for the closing price of BSGA’s share and the number of ordinary shares information Number of outstanding ordinary shares held by BSGA’s shareholders on acquisition date (thousand shares) 2,607 Closing price of BSGA’s ordinary shares on acquisition date (in USD) 10 Fair value of BSGA’s ordinary shares on acquisition date 26,075 Settlement of pre-existing debtor relationship with BSGA * 2,607 Total fair value of consideration transferred 28,682 Fair value of assets acquired and liabilities assumed: Cash and cash equivalents 317 Prepayments and other assets 48 Other payables and accruals (4,834 ) Total fair value of assets acquired and liabilities assumed (4,469 ) Excess of fair value of consideration transferred over fair value of assets acquired and liabilities assumed, recognized as listing fee 33,151 * Settlement of pre-existing debtor relationship with BSGA represent lending made to BSGA.
Norway Acquisition [Member]
Disclosure of detailed information about business combination
Purchase Price Allocation of Identifiable Assets acquired and Liabilities Assumed	The assets and liabilities recognized as a result of the acquisition are as follows: In thousands of USD Fair value of assets acquired and liabilities assumed Cash and cash equivalents 8,723 Trade receivables 49 Prepayments and other assets 2,690 Right-of-use assets 122 Property, plant and equipment 1,323 Identified intangible assets: rights to electricity capacity 22,429 Deferred tax assets 32 Trade payables (3,367 ) Other payables and accruals (16,384 ) Income tax payables (1,962 ) Lease liabilities (122 ) Deferred tax liabilities (5,093 ) Net identifiable assets acquired 8,440 Goodwill 14,451 Net assets acquired 22,891
Details of Purchase Consideration, Net Assets Acquired and Goodwill	The details of the purchase consideration, the net assets acquired, and goodwill are as follows: In thousands of USD At April 15, 2024 Purchase consideration Cash consideration paid 15,000 Senior secured notes (1) 15,091 417,130 (2) 2,357 Class A ordinary share call options (3) 504 Total purchase consideration 32,952 Settlement of pre-existing debtor relationship with the Target Companies (4) (10,061 ) Fair value of consideration transferred 22,891 (1) The Group issued US$15.0 million in aggregate principal amount of senior secured notes on April 15, 2024, in relation to the business combination. The senior secured notes bear an annual interest of 6%, mature five years after April 15, 2024, and are secured by 100% of the shares of the Target Companies. The fair value of the senior secured notes is measured by calculating the present value of the notes using the effective interest rate. The pledge of the 100% of issued shares capital of the Target Companies does not influence the Group’s control over the Target Companies, as (i) the Group has power over the Target Companies to direct relevant activities of the Target Companies, (ii) the Group has exposures to variable returns from involvement with the Target Companies, and (iii) the Group has the ability to exercise its power over the Target Companies to affect the amount of those returns. (2) The fair value of the Class A ordinary shares is determined based on the number of shares transferred and the closing price on the acquisition date. The shares are transferred upon the completion of the acquisition. (3) The Group granted Class A ordinary share call options at a strike price of US$35.96 per share, with the expiry date set as the later of April 15, 2029, or six months after all principal and interest accrued under the senior secured notes have been repaid. The fair value was recognized on the acquisition date based on the binomial model with the assistance of an independent valuation specialist. The following table provides the key inputs used in the model for determining the value of the option: At April 15, 2024 Share price 5.65 Dividend yield (%) - Expected volatility (%) 126 % Risk-free interest rate (%) 4.65 % (4) Settlement of pre-existing debtor relationship with the Target Companies represents the payable amount of approximately US$16.4 million from the Group to the Target Companies in relation to the services provided and offset against a prepayment made by the Group to the Target Companies of approximately US$6.3 million. The services provided by the Target Companies, include electricity supply, construction services, and daily operational management for the mining datacenters prior to the date of acquisition.

REVENUE AND CONTRACT BALANCES (

REVENUE AND CONTRACT BALANCES (Tables)	6 Months Ended
	Jun. 30, 2024
REVENUE AND CONTRACT BALANCES [Abstract]
Contracts with Customers, Revenue	The Group derives revenues in the following major categories: Periods ended June 30, In thousands of USD 2024 2023 Self-mining 90,084 34,713 Cloud hash rate Hash rate subscription 18,400 21,877 Electricity subscription 11,713 13,994 Additional consideration from Cloud Hash Rate arrangements under acceleration mode 229 168 Sales of mining machines - 2 Cloud hosting arrangements (2) 1,001 1,805 General hosting 49,525 49,911 Membership hosting 41,669 40,435 Others (1) 6,114 3,498 Total revenues 218,735 166,403 (1) Others include revenue generated primarily from providing technical and human resources service, repairment services of hosted mining machines, lease of investment properties, the sale of mining machine peripherals, the sale of containerized solution product and providing AI cloud services. (2) The Group did not generate any revenue from the additional consideration from Cloud Hosting arrangements offered under accelerator mode for the periods ended June 30, 2024 and 2023.
Revenue Concentration	Revenue concentration for the six months ended June 30, 2024 and 2023 is as below: Six months ended June 30, 2024 2023 Customer A * 22.18 % Customer B 10.07 % * * Less than 10%

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2024
SEGMENT INFORMATION [Abstract]
Disaggregated Revenue Data by Geographical Region	Disaggregated revenue data by geographical region in terms of the customer’s location within the operating segment is as follows: Periods ended June 30, In thousands of USD 2024 2023 Singapore 12,651 12,073 Asia, excluding Singapore 72,152 47,458 North America 127,460 100,118 Europe 5,740 5,194 Others 732 1,560 Total 218,735 166,403 Selected assets of mining machines, property, plant and equipment, investment properties, right-of-use assets and intangible assets by geographical region within the operating segment is as follows: In thousands of USD At June 30, 2024 At December 31, 2023 Singapore 63,276 54,442 Asia, excluding Singapore 100,620 63,180 North America 136,684 148,021 Europe 77,828 50,443 Total 378,408 316,086

CASH, CASH EQUIVALENTS AND RE_2

CASH, CASH EQUIVALENTS AND RESTRICTED CASH (Tables)	6 Months Ended
	Jun. 30, 2024
CASH, CASH EQUIVALENTS AND RESTRICTED CASH [Abstract]
Summary of Cash and Cash Equivalents	The breakdown of cash and cash equivalents In thousands of USD At June 30, 2024 At December 31, 2023 US dollar 192,505 137,917 Singapore dollar 2,510 2,991 Chinese renminbi 414 585 Norwegian krone 7,516 2,487 Euro 783 701 Hongkong dollar 7 7 Bhutan ngultrum 147 41 Total cash and cash equivalents by currency 203,882 144,729 Restricted cash 9,144 9,538 Total restricted cash 9,144 9,538
Maximum Aggregate Draw Amount from Standby Letters of Credit	The SLCs provide the beneficiaries, which are the service providers, the ability to draw from the banks for a designated maximum aggregate amount (the “Draw Amount”). The details of SLCs are as follows: At June 30, 2024 At December 31, 2023 Draw Amount (In thousands of USD) 9,144 9,538 Range of expiration dates July 2025 to August 2025 July 2024 to August 2024

CRYPTOCURRENCIES (Tables)

CRYPTOCURRENCIES (Tables)	6 Months Ended
	Jun. 30, 2024
CRYPTOCURRENCIES [Abstract]
Group's Cryptocurrencies	As of June 30, 2024 and December 31, 2023, the Group’s cryptocurrencies consist of the following: In thousands of USD At June 30, 2024 At December 31, 2023 Cryptocurrencies other than USDC 24,913 15,336 USDC 3 35 Total cryptocurrencies 24,916 15,371
Details of Cryptocurrencies	The details of cryptocurrencies are as follows: Periods ended June 30, In thousands of USD 2024 2023 Cost: Beginning balances 15,377 2,179 Additions 184,296 133,520 Disposals (173,928 ) (125,360 ) Ending balances 25,745 10,339 Impairment: Beginning balances (6 ) (4 ) Additions (823 ) - Disposals - 1 Ending balances (829 ) (3 ) Net book value: Beginning balances 15,371 2,175 Ending balances 24,916 10,336 The supplemental information of cryptocurrencies other than USDC is as follows: Periods ended June 30, In thousands of USD 2024 2023 Cost: Beginning balances 15,342 2,090 Additions 180,185 127,589 Disposals (169,785 ) (119,490 ) Ending balances 25,742 10,189 Impairment: Beginning balances (6 ) (4 ) Additions (823 ) - Disposals - 1 Ending balances (829 ) (3 ) Net book value: Beginning balances 15,336 2,086 Ending balances 24,913 10,186

PREPAYMENTS AND OTHER ASSETS (T

PREPAYMENTS AND OTHER ASSETS (Tables)	6 Months Ended
	Jun. 30, 2024
PREPAYMENTS AND OTHER ASSETS [Abstract]
Prepayments and Other Assets	The breakdown of prepayments and other assets is as follows: In thousands of USD At June 30, 2024 At December 31, 2023 Prepayments to suppliers 77,084 35,219 Deposits (1) 31,420 54,304 Inventories (2) Raw materials 3,901 231 Work-in-progress 3,907 115 Finished goods 358 - Deductible input value-added tax 3,137 3,425 Prepayments of income tax 2,084 15 Others 4,186 4,124 Total 126,077 97,433 (1) The Group pays deposits to certain electricity service providers. In order to minimize the deposit paid to the electricity supplier, in April 2023, Bitdeer Inc., a subsidiary of the Group, has entered into a guaranty agreement (the “2023 Guaranty Agreement”) with one of the electricity suppliers to act as a guarantor to provide the assurance for the payment obligation of another subsidiary of the Group in connection with electricity service subscribed. The total liability of the guarantor is limited to the lesser of the guaranteed obligations under all agreements or US$13.0 million in each case. In February 2024, Bitdeer and Bitdeer, Inc. together entered into a guaranty agreement with the electricity supplier to amend the 2023 Guaranty Agreement and limit the guarantor’s total liability to the lesser of the guaranteed obligations under all agreement or US$30.0 million in each case. (2) During the six months periods ended June 30, 2024 and 2023, there were no inventory recognized as an expense and included in cost of sales, and no write-down or reserve of write-down of inventory.

FINANCIAL ASSETS AT FAIR VALU_2

FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Tables)	6 Months Ended
	Jun. 30, 2024
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS [Abstract]
Breakdown of Financial Assets at Fair Value Through Profit or Loss	The breakdown of financial assets at fair value through profit or loss is as follows: In thousands of USD At June 30, 2024 At December 31, 2023 Investments in unlisted equity instruments - Investment A 1,000 1,000 - Investment B 1,000 1,000 - Investment C 9,969 10,000 - Investment D – investment in a limited partnership set up by Matrixport Group (1) 21,421 19,875 - Investment E 1,500 1,500 - Investment F 725 400 - Investment I 1,624 - - Investment J 500 - Investments in unlisted debt instruments - Investment G 1,000 1,000 - Investment H 3,000 3,000 Total 41,739 37,775 (1) See Note 25.

MINING MACHINES (Tables)

MINING MACHINES (Tables)	6 Months Ended
	Jun. 30, 2024
MINING MACHINES [Abstract]
Mining Machines	The details of mining machines are as follows: In thousands of USD Mining Machines Cost: At January 1, 2024 168,513 Additions 1,136 At June 30, 2024 169,649 Accumulated depreciation: At January 1, 2024 (104,935 ) Charge for the period (9,487 ) At June 30, 2024 (114,422 ) Impairment: At January 1, 2024 (101 ) At June 30, 2024 (101 ) Net book value: At June 30, 2024 55,126 Cost: At January 1, 2023 122,203 Additions 31,402 Disposals (6,185 ) At June 30, 2023 147,420 Accumulated depreciation: At January 1, 2023 (94,399 ) Charge for the period (11,208 ) Disposals 5,583 At June 30, 2023 (100,024 ) Impairment: At January 1, 2023 (101 ) At June 30, 2023 (101 ) Net book value: At June 30, 2023 47,295

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2024
PROPERTY, PLANT AND EQUIPMENT [Abstract]
Schedule of Property, Plant and Equipment	The details of property, plant and equipment are as follows: In thousands of USD Construction in progress Building Land Machinery Electronic equipment Leasehold improvements and property improvements Others Total Cost: At January 1, 2024 30,095 27,364 2,058 48,738 15,286 117,808 11,580 252,929 Additions 48,159 897 - 154 12,749 16 192 62,167 Acquired through the Norway Acquisition (Note 6(b)) - 99 1,091 34 18 - 81 1,323 Construction in progress transferred in (2,172 ) 233 - 948 1 773 217 - Disposals - - - (9 ) (150 ) - (626 ) (785 ) Exchange adjustments - - 7 1 - - 1 9 At June 30, 2024 76,082 28,593 3,156 49,866 27,904 118,597 11,445 315,643 Accumulated depreciation: At January 1, 2024 - (4,631 ) - (13,462 ) (4,449 ) (70,978 ) (4,549 ) (98,069 ) Charge for the period - (713 ) - (3,417 ) (2,227 ) (13,390 ) (1,645 ) (21,392 ) Disposals - - - 5 122 - 440 567 At June 30, 2024 - (5,344 ) - (16,874 ) (6,554 ) (84,368 ) (5,754 ) (118,894 ) Net book value: At June 30, 2024 76,082 23,249 3,156 32,992 21,350 34,229 5,691 196,749 Cost: At January 1, 2023 16,512 23,449 484 32,872 10,624 104,517 8,428 196,886 Additions 19,390 - - 823 155 758 30 21,156 Construction in progress transferred in (5,548 ) - - - - 5,548 - - Disposals - - - (69 ) (15 ) - - (84 ) At June 30, 2023 30,354 23,449 484 33,626 10,764 110,823 8,458 217,958 Accumulated depreciation: At January 1, 2023 - (3,525 ) - (6,803 ) (2,473 ) (43,003 ) (2,446 ) (58,250 ) Charge for the period - (568 ) - (3,169 ) (954 ) (14,696 ) (989 ) (20,376 ) Disposals - - - 3 1 - - 4 At June 30, 2023 - (4,093 ) - (9,969 ) (3,426 ) (57,699 ) (3,435 ) (78,622 ) Net book value: At June 30, 2023 30,354 19,356 484 23,657 7,338 53,124 5,023 139,336

INVESTMENT PROPERTIES (Tables)

INVESTMENT PROPERTIES (Tables)	6 Months Ended
	Jun. 30, 2024
INVESTMENT PROPERTIES
Investment Properties	The details of investment properties are as follows: In thousands of USD Leasehold land Building Others Total Cost: At January 1, 2024 5,915 31,273 1,101 38,289 Additions 38 - 241 279 Disposals (616 ) - - (616 ) Exchange adjustments (152 ) (669 ) (35 ) (856 ) At June 30, 2024 5,185 30,604 1,307 37,096 Accumulated depreciation: At January 1, 2024 (601 ) (3,205 ) (137 ) (3,943 ) Charge for the period (185 ) (1,063 ) (99 ) (1,347 ) Disposals 218 - - 218 Exchange adjustments 15 75 4 94 At June 30, 2024 (553 ) (4,193 ) (232 ) (4,978 ) Net book value: At June 30, 2024 4,632 26,411 1,075 32,118 Cost: At January 1, 2023 5,746 30,679 394 36,819 Additions 80 33 334 447 Exchange adjustments (63 ) (271 ) (4 ) (338 ) At June 30, 2023 5,763 30,441 724 36,928 Accumulated depreciation: At January 1, 2023 (199 ) (1,051 ) (27 ) (1,277 ) Charge for the period (195 ) (1,050 ) (35 ) (1,280 ) Exchange adjustments 3 13 - 16 At June 30, 2023 (391 ) (2,088 ) (62 ) (2,541 ) Net book value: At June 30, 2023 5,372 28,353 662 34,387
Maturity Analysis of Lease Payments Receivable Under Operating Leases	The maturity analysis of lease payments receivable under operating leases of investment properties was as follows: In thousands of USD At June 30, 2024 2024 1,890 2025 3,380 2026 2,751 2027 1,766 2028 1,723 Thereafter 3,465 Total 14,975

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL (Tables)	6 Months Ended
	Jun. 30, 2024
INTANGIBLE ASSETS AND GOODWILL [Abstract]
Intangible Assets and Goodwill	The details of intangible assets and goodwill are as follows: In thousands of USD Rights to electricity capacity Patents, trademarks and other rights Others Total intangible assets Goodwill Cost: At January 1, 2024 - 4,899 754 5,653 - Additions - 110 299 409 - Acquired through the Norway Acquisition (Note 6(b)) 22,429 - - 22,429 14,451 At June 30, 2024 22,429 5,009 1,053 28,491 14,451 Accumulated amortization: At January 1, 2024 - (573 ) (303 ) (876 ) - Charge for the period - (497 ) (143 ) (640 ) - At June 30, 2024 - (1,070 ) (446 ) (1,516 ) - Net book value: At June 30, 2024 22,429 3,939 607 26,975 14,451 Cost: At January 1, 2023 - 3 441 444 - Additions - 4,896 - 4,896 - At June 30, 2023 - 4,899 441 5,340 - Accumulated amortization: At January 1, 2023 - (1 ) (121 ) (122 ) - Charge for the period - (82 ) (72 ) (154 ) - At June 30, 2023 - (83 ) (193 ) (276 ) - Net book value: At June 30, 2023 - 4,816 248 5,064 -

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2024
LEASES [Abstract]
Right-of-Use Assets	The unaudited condensed consolidated statements of financial position show the following amounts relating to the right-of-use assets: In thousands of USD At June 30, 2024 At December 31, 2023 Right-of-use assets - Land and buildings 67,440 58,626 Investment properties - Leasehold land 4,632 5,314
Lease Liabilities	The unaudited condensed consolidated statements of financial position show the following amounts relating to the lease liabilities: In thousands of USD At June 30, 2024 At December 31, 2023 Lease liabilities mature within 12 months 5,239 5,288 Lease liabilities mature over 12 months 74,123 64,923 Total lease liabilities* 79,362 70,211 * Lease liabilities in amount of approximately US$4.0 million and US$4.6 million was related to the leasehold land included in the investment properties as of June 30, 2024 and December 31, 2023. See Note 15.
Amounts Recognized in Profit or Loss	Amounts recognized in profit or loss: Periods ended June 30, In thousands of USD 2024 2023 Depreciation expense of right-of-use assets 3,625 3,205 Interest expense* 1,676 1,299 Expense relating to variable payment leases 134 193 Expense relating to short-term leases 160 159 Loss on lease termination 198 - Total 5,793 4,856 *The interest expense includes the amount related to the leasehold land included in the investment properties for the periods ended June 30, 2024 and 2023, which was approximately US$0.1 million for each periods. See Note 15.

BORROWINGS (Tables)

BORROWINGS (Tables)	6 Months Ended
	Jun. 30, 2024
BORROWINGS [Abstract]
Borrowings	Borrowings consist of the following: In thousands of USD At June 30, 2024 At December 31, 2023 Convertible debt (1) 22,735 22,618 Senior secured notes (2) 15,093 - Total 37,828 22,618 (1) The Group issued a US$30.0 million promissory note on July 23, 2021. The promissory note is non-secured, bears an annual interest rate of 8%, matures on July 23, 2023 and provides the holder an option to convert all or any portion of the note into the ordinary shares of Bitdeer at US$0.0632 per share at any time from the issuance of the note to the second anniversary of the date of issuance. Approximately US$683,000 was recognized as an equity component. In July 2023, the Group repaid US$7.0 million in principal and amended the promissory note to extend the maturity of the promissory note to July 21, 2025. In addition, to reflect the reverse recapitalization effectuated in April 2023 as disclosed in Note 6(a), the shares the promissory note is convertible into was changed from the ordinary shares of Bitdeer to the Class A ordinary shares of the Group, and the per-share conversion price was adjusted to US$7.3660 from US$0.0632. The extension of the maturity date is accounted for as a debt modification, and a gain from modification of approximately US$481,000 was recognized in earnings. The unamortized discount as of June 30, 2024 and December 31, 2023 was approximately US$265,000 and US$382,000, respectively. (2) The senior secured notes were part of purchase consideration paid for the Norway Acquisition disclosed in Note 6(b). The unamortized premium as of June 30, 2024, was approximately US$93,000.

DERIVATIVE LIABILITIES (Tables)

DERIVATIVE LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2024
DERIVATIVE LIABILITIES [Abstract]
Movement of Warrant Derivative Liabilities	The following table represents the movement of the warrant derivative liabilities: In thousands of USD Balance as of January 1, 2024 - Issuance of warrant 11,106 Change in fair value of derivative liabilities 14,230 Balance as of June 30, 2024 25,336
Inputs Used in Model for Determining Value of Warrant Derivative Liabilities	The following table provides the inputs used in the model for determining the value of the warrant derivative liabilities: At June 30, 2024 Initial recognition - At May 30, 2024 Share price 10.26 5.82 Dividend yield (%) - - Expected volatility (%) 133 % 136 % Risk-free interest rate (%) 5.13 % 5.19 %

OTHER PAYABLES AND ACCRUALS (Ta

OTHER PAYABLES AND ACCRUALS (Tables)	6 Months Ended
	Jun. 30, 2024
OTHER PAYABLES AND ACCRUALS [Abstract]
Other Payables and Accruals	Other payables and accruals consist of the following: In thousands of USD At June 30, 2024 At December 31, 2023 Deposits from hosting customers 9,207 8,114 Payables for surtaxes 8,047 9,952 Accrued operating expenses 6,629 9,732 Payable to the former owners in Norway Acquisition (1) 6,094 - Payables for staff-related costs 1,791 2,554 Restoration provision for leasehold land 1,364 1,363 Others 438 436 Total 33,570 32,151 (1) Represent balance due to former owners in Norway Acquisition, which is a normal annual dividend authorized prior to the acquisition. It is thus accounted for as part of the liabilities assumed from the business combination described in Note 6(b), and listed in other payables.

EXPENSES BY NATURE AND OTHER _2

EXPENSES BY NATURE AND OTHER INCOME AND EXPENSES ITEMS (Tables)	6 Months Ended
	Jun. 30, 2024
EXPENSES BY NATURE AND OTHER INCOME AND EXPENSES ITEMS [Abstract]
Expenses by Nature	(a) Expenses by nature Periods ended June 30, In thousands of USD 2024 2023 Staff cost - Salaries, wages and other benefits 28,987 24,345 Share-based payment 15,896 21,847 Amortization - intangible assets 640 154 Depreciation - mining machines 9,487 11,208 - property, plant and equipment 21,392 20,376 - investment properties 1,347 1,280 - right-of-use assets 3,625 3,205 Electricity cost in operating mining machines 110,474 84,510 One-off incremental development expense 14,878 - Cost of mining machines sold - 4 Consulting service fee 3,712 5,650 Office expenses 2,058 1,894 Travel expenses 1,760 1,227 Insurance fee 1,566 692 Research and development technical service fees 1,424 1,104 Advertising expenses 1,082 628 Expenses of low-value consumables 843 1,126 Expenses of short-term leases 160 159 Logistic expenses 148 243 Expenses of variable payment lease 134 193 Others 4,482 6,422 Total cost of revenue, selling, general and administrative and research and development expenses 224,095 186,267
Other Operating Income / (Expenses)	(b) Other operating income / (expenses) Periods ended June 30, In thousands of USD 2024 2023 Net gains on disposal of cryptocurrencies 3,981 471 Change in fair value of cryptocurrency-settled receivables and payables 32 - Reversal / (recognition) of impairment loss of cryptocurrencies (823 ) 1 Net losses on disposal of mining machines - (572 ) Others (13 ) - Total 3,177 (100 )
Other Net Gains / (Losses)	(c) Other net gains / (losses) Periods ended June 30, In thousands of USD 2024 2023 Changes in fair value of financial assets at fair value through profit or loss 1,440 2,238 Net gains / (losses) on disposal of property, plant and equipment 26 (51 ) Government grants 15 31 Change in fair value of derivative liabilities (14,230 ) - Others (271 ) (610 ) Total (13,020 ) 1,608
Finance Income / (Expenses)	(d) Finance income / (expenses) Periods ended June 30, In thousands of USD 2024 2023 Interest income 3,535 4,074 Cryptocurrency transaction service fee (25 ) (37 ) Loss on foreign currency transactions (397 ) (2,335 ) Interest expense on borrowings (1,242 ) (1,390 ) Interest on lease liabilities (1,676 ) (1,299 ) Others (88 ) (140 ) Total 107 (1,127 )

SHARE-BASED PAYMENTS (Tables)

SHARE-BASED PAYMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
SHARE-BASED PAYMENTS [Abstract]
Number of Shares and Weighted Average Exercise Prices and Movement of Share Awards	The following table illustrates the number of shares and weighted average exercise prices of, and movements in, share awards. For retrospective presentation, the number of Bitdeer’s share awards have been scaled by the exchange ratio of approximately 0.00858 for periods prior to the completion of the Business Combination on April 13, 2023. Period ended June 30, 2024 Number of options (’000) Weighted average exercise price per share award (US$) Weighted average fair value per share award (US$) As at January 1, 2024 11,744 3.65 23.04 Granted during the period 1,276 6.53 5.78 Exercised during the period (1) (168 ) 3.61 21.83 Forfeited during the period (95 ) 3.86 17.61 As at June 30, 2024 12,757 3.94 21.37 Vested and exercisable at June 30, 2024 6,950 3.63 23.63 Period ended June 30, 2023 Number of options (’000) Weighted average exercise price per share award (US$) Weighted average fair value per share award (US$) As at January 1, 2023 10,398 3.50 25.27 Granted during the period 401 3.50 4.72 Forfeited during the period (130 ) 3.50 19.85 As at June 30, 2023 10,669 3.50 24.57 Vested and exercisable at June 30, 2023 5,293 3.50 24.57 (1) The total proceeds received from the exercised shares under the 2023 plan for the six months ended June 30, 2024 was approximately US$604,000.
Share Based Compensation Expense	The expense recognized for share awards during the six months ended June 30, 2024 and 2023 was approximately US$15.9 million and US$21.8 million. The breakdown is as follows: Periods ended June 30, In thousands of USD 2024 2023 Cost of revenue 1,340 2,576 General and administrative expenses 9,172 11,299 Research and development expenses 4,367 6,107 Selling expenses 1,017 1,865 Total 15,896 21,847
Schedule of Fair Value Assumptions of Awards	The following table provides the range of the key inputs to the model used for determining the value of the grant for the six months ended June 30, 2024 and 2023: Periods ended June 30, 2024 2023 Dividend yield (%) - - Expected volatility (%) 118 % 121% - 124 % Risk-free interest rate (%) 3.88% - 4.33 % 4.152% - 4.167 % Exercise multiple 2.20 – 2.80 2.20 - 2.80
Incremental Fair Value Modification	The following table provides the inputs range to the model used for determining the incremental fair value of the modification for the options granted during the six months ended June 30, 2023: Period ended June 30, 2023 Dividend yield (%) - Expected volatility (%) 119 % Risk-free interest rate (%) 3.45 % Exercise multiple 2.20 - 2.80

EQUITY (Tables)

EQUITY (Tables)	6 Months Ended
	Jun. 30, 2024
EQUITY [Abstract]
Schedule of Classes of Share Capital	The residual net transaction amount of US$87.4 million was recognized as an equity component. Class A Ordinary Shares Amount in USD Class V Ordinary Shares Amount in USD At January 1, 2024, shares issued and outstanding 63,566,376 6 48,399,922 5 Issuance of shares for exercise of share awards 167,535 * - - Issuance of shares for cash 26,541,080 3 - - Issuance of shares as consideration for the Norway Acquisition 417,130 * - - At June 30, 2024, shares issued and outstanding 90,692,121 9 48,399,922 5 At January 1, 2023, shares issued and outstanding 60,281,184 6 48,399,922 5 Issuance of shares through Business Combination 2,607,498 * - - At June 30, 2023, shares issued and outstanding 62,888,682 6 48,399,922 5 *Amount less than US$1

TAXATION (Tables)

TAXATION (Tables)	6 Months Ended
	Jun. 30, 2024
TAXATION [Abstract]
Provisions for Income Taxes	The provisions for income taxes for the six months ended June 30, 2024 and 2023 are summarized as follows: Periods ended June 30, In thousands of USD 2024 2023 Current income tax expenses 5,068 939 Deferred income tax benefit (3,027 ) (3,746 ) Total 2,041 (2,807 )
Components of Deferred Tax Assets / (Liabilities)	Deferred tax assets / (liabilities) as of June 30, 2024 and December 31, 2023 comprise of the following: In thousands of USD At June 30, 2024 At December 31, 2023 Deferred tax assets Net operating losses - 136 Share-based payments 3,929 3,573 Deferred revenue 4,184 4,184 Property, plant and equipment, intangible assets and right-of-use assets 1,933 1,120 Total deferred tax assets 10,046 9,013 Set-off of deferred tax positions relate to income taxes levied by the same tax authority (6,520 ) (8,022 ) Deferred tax assets 3,526 991 Deferred tax liabilities Property, plant and equipment and intangible assets (12,709 ) (9,642 ) Set-off of deferred tax positions relate to income taxes levied by the same tax authority 6,520 8,022 Deferred tax liabilities (6,189 ) (1,620 ) Net deferred tax liabilities (2,663 ) (629 )
Movements in Net Deferred Tax Liabilities	The movements in the net deferred tax liabilities during the six months ended June 30, 2024 and 2023 are as follows: In thousands of USD January 1, 2024 Recognized in profit or loss Acquired through the business combination (Note 6(b)) June 30, 2024 Tax losses carried forward 136 (136 ) - - Share-based payments 3,573 356 - 3,929 Deferred revenue 4,184 - - 4,184 Property, plant and equipment, intangible assets and right-of-use assets (8,522 ) 2,807 (5,061 ) (10,776 ) Net deferred tax liabilities (629 ) 3,027 (5,061 ) (2,663 ) In thousands of USD January 1, 2023 Recognized in profit or loss June 30, 2023 Tax losses carried forward 4,324 (572 ) 3,752 Share-based payments 2,672 403 3,075 Deferred revenue - 1,796 1,796 Property, plant and equipment, intangible assets and right-of-use assets (13,765 ) 2,119 (11,646 ) Net deferred tax liabilities (6,769 ) 3,746 (3,023 )
Expirations of Unused Tax Losses	The Group has not recognized deductible temporary differences and a portion of the tax loss carryforward because the criteria for recognition (i.e. the probability of future taxable profits) were not met. The amount of such unused tax losses will expire as follows: Tax Jurisdiction Amount in thousands of USD Earliest year of expiration if not utilized Singapore 23,295 Indefinitely Hong Kong 4,213 Indefinitely United States 1,557 Indefinitely Norway 6,127 Indefinitely Bhutan 87 2027 Total 35,279

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2024
RELATED PARTY TRANSACTIONS [Abstract]
Compensation for Key Management and Board of Directors	Compensation for key management and board of directors Periods ended June 30, In thousands of USD 2024 2023 Salaries and other emoluments 4,383 4,263 Total 4,383 4,263
Other Related Party Balances and Transactions	The followings set forth the significant related party and its relationships with the Group: Name of related party Relationship with the Group Matrix Finance and Technologies Holding Group and its subsidiaries (“Matrixport Group”) The Group’s controlling person is the co-founder and chairman of the board of directors of Matrixport Group and has significant influence over Matrixport Group.
Assets and Liabilities with Related Party	Details of assets, liabilities and transactions with the related party are as follows: In thousands of USD At June 30, 2024 At December 31, 2023 Due from a related party - Trade receivables (2) 6,248 187 Total due from a related party 6,248 187 Due to a related party - Other payables (1) 3,380 33 Total due to a related party 3,380 33 Deferred revenue from a related party - Deferred revenue (2) 32,777 - Total deferred revenue from a related party 32,777 - Periods ended June 30, In thousands of USD 2024 2023 - Provide service to a related (2) 17,956 330 - Receive service from a related party 87 154 - Changes in fair value of financial assets at fair value through profit or loss 1,546 2,238 - Sales of mining machine peripherals to a related party 41 - (1) Other payables represent the deposit received related to the hosting service provided and the accrued service expense related to the custody and other services provided by the related party. (2) Mainly related to the hosting service provided by the Group.

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2024
LOSS PER SHARE [Abstract]
LOSS PER SHARE	The following reflects the income and share data used in the basic and diluted earnings / (loss) per ordinary share computations: Periods ended June 30, In thousands of USD, except for the per share data 2024 2023 Loss attributable to ordinary equity shareholders of the Group (17,137 ) (49,827 ) Weighted average number of ordinary shares outstanding (thousand shares) 120,686 109,805 Loss per share, basic and diluted (In USD) (0.14 ) (0.45 ) (1) Each Class A ordinary share carries 1 vote and each Class V ordinary share carries 10 votes. All classes of shares are entitled to dividend and rank pari passu except for voting rights. They are included in the ordinary shares and the shareholders of the shares are referred to as the ordinary equity shareholders in the context of notes and presentations of earnings per share.

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2024
SUPPLEMENTAL CASH FLOW INFORMATION [Abstract]
Summary of Non-cash Investing and Financing Activities	The non-cash investing and financing activities are as follows: Periods ended June 30, In thousands of USD 2024 2023 NON-CASH INVESTING AND FINANCING TRANSACTIONS Operating lease right-of-use assets and leasehold land obtained in exchange for operating lease liabilities 17,035 3,058 Liabilities assumed in connection with acquisition of property, plant and equipment and intangible assets 10,664 4,896 Prepayments realized as additions to property, plant and equipment 9,046 - Settlement of pre-existing debtor relationship in the Norway Acquisition (Note 6(b)) 10,061 - Issuance of senior secured notes, Class A ordinary shares and share options in connection with the Norway Acquisition (Note 6(b)) 17,952 - Cancellation of repurchased treasury shares 2,604 -

FINANCIAL RISK MANAGEMENT AND_3

FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL INSTRUMENTS, Financial Liabilities Based on Contractual Undiscounted Payments (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Financial liabilities based on contractual undiscounted payments [Abstract]
Trade payables		$ 36,166	$ 32,484
Other payables and accruals		33,570	32,151
Amounts due to related party		3,380	33
Borrowings		38,000	23,000
Lease liabilities		103,737	86,701
Financial liabilities		214,853	174,369
Trade payables, carrying amount		36,166	32,484
Other payables and accruals, carrying amount		33,570	32,151
Amounts due to a related party, carrying amount		3,380	33
Borrowings, carrying amount		37,828	22,618
Lease liabilities, carrying amount	[1]	79,362	70,211
Financial liabilities, carrying amount		190,306	157,497
Within 1 Year or on Demand [Member]
Financial liabilities based on contractual undiscounted payments [Abstract]
Trade payables		36,166	32,484
Other payables and accruals		33,570	32,151
Amounts due to related party		3,380	33
Borrowings		0	0
Lease liabilities		8,254	7,835
Financial liabilities		81,370	72,503
More than 1 Year but Less than 2 Years [Member]
Financial liabilities based on contractual undiscounted payments [Abstract]
Trade payables		0	0
Other payables and accruals		0	0
Amounts due to related party		0	0
Borrowings		23,000	23,000
Lease liabilities		8,722	7,787
Financial liabilities		31,722	30,787
More than 2 Year but Less than 5 Years [Member]
Financial liabilities based on contractual undiscounted payments [Abstract]
Trade payables		0	0
Other payables and accruals		0	0
Amounts due to related party		0	0
Borrowings		15,000	0
Lease liabilities		26,085	22,217
Financial liabilities		41,085	22,217
More than 5 Years [Member]
Financial liabilities based on contractual undiscounted payments [Abstract]
Trade payables		0	0
Other payables and accruals		0	0
Amounts due to related party		0	0
Borrowings		0	0
Lease liabilities		60,676	48,862
Financial liabilities		$ 60,676	$ 48,862
[1]Lease liabilities in amount of approximately US$4.0 million and US$4.6 million was related to the leasehold land included in the investment properties as of June 30, 2024 and December 31, 2023. See Note 15.

FINANCIAL RISK MANAGEMENT AND_4

FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL INSTRUMENTS, Financial Instruments Measured at Fair Value (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financial instruments measured at fair value [Abstract]
Transfers out of Level 1 to Level 2	$ 0	$ 0
Transfers out of Level 2 to Level 1	0	0
Transfers into Level 3	0	0
Transfers out of Level 3	0	$ 0
Quoted Price [Member] | USDC [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	3		$ 35
Quoted Price [Member] | Cryptocurrency-Settled Receivables [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	1,002		1,892
Quoted Price [Member] | Cryptocurrency-Settled Payables [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	9,824		5,636
Net Asset Value [Member] | Investment A, B, D and E in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	24,921		23,375
Net Asset Value [Member] | Investment G in Unlisted Debt Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	1,000		1,000
Recent Transaction Price [Member] | Investment F, I and J in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	2,849
Recent Transaction Price [Member] | Investment F in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value			400
Recent Transaction Price [Member] | Investment H in Unlisted Debt Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	3,000		3,000
Market Calibration Method [Member] | Investment C in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	9,969		10,000
Option Pricing Model [Member] | Derivative Liabilities [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	25,336
Level 1 [Member] | Quoted Price [Member] | USDC [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	3		35
Level 1 [Member] | Quoted Price [Member] | Cryptocurrency-Settled Receivables [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	1,002		1,892
Level 1 [Member] | Quoted Price [Member] | Cryptocurrency-Settled Payables [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	9,824		5,636
Level 1 [Member] | Net Asset Value [Member] | Investment A, B, D and E in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0		0
Level 1 [Member] | Net Asset Value [Member] | Investment G in Unlisted Debt Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0		0
Level 1 [Member] | Recent Transaction Price [Member] | Investment F, I and J in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0
Level 1 [Member] | Recent Transaction Price [Member] | Investment F in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value			0
Level 1 [Member] | Recent Transaction Price [Member] | Investment H in Unlisted Debt Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0		0
Level 1 [Member] | Market Calibration Method [Member] | Investment C in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0		0
Level 1 [Member] | Option Pricing Model [Member] | Derivative Liabilities [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0
Level 2 [Member] | Quoted Price [Member] | USDC [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0		0
Level 2 [Member] | Quoted Price [Member] | Cryptocurrency-Settled Receivables [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0		0
Level 2 [Member] | Quoted Price [Member] | Cryptocurrency-Settled Payables [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0		0
Level 2 [Member] | Net Asset Value [Member] | Investment A, B, D and E in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0		0
Level 2 [Member] | Net Asset Value [Member] | Investment G in Unlisted Debt Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0		0
Level 2 [Member] | Recent Transaction Price [Member] | Investment F, I and J in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0
Level 2 [Member] | Recent Transaction Price [Member] | Investment F in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value			0
Level 2 [Member] | Recent Transaction Price [Member] | Investment H in Unlisted Debt Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0		0
Level 2 [Member] | Market Calibration Method [Member] | Investment C in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0		0
Level 2 [Member] | Option Pricing Model [Member] | Derivative Liabilities [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0
Level 3 [Member] | Quoted Price [Member] | USDC [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0		0
Level 3 [Member] | Quoted Price [Member] | Cryptocurrency-Settled Receivables [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0		0
Level 3 [Member] | Quoted Price [Member] | Cryptocurrency-Settled Payables [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	0		0
Level 3 [Member] | Net Asset Value [Member] | Investment A, B, D and E in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	24,921		23,375
Level 3 [Member] | Net Asset Value [Member] | Investment G in Unlisted Debt Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	1,000		1,000
Level 3 [Member] | Recent Transaction Price [Member] | Investment F, I and J in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	2,849
Level 3 [Member] | Recent Transaction Price [Member] | Investment F in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value			400
Level 3 [Member] | Recent Transaction Price [Member] | Investment H in Unlisted Debt Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	3,000		3,000
Level 3 [Member] | Market Calibration Method [Member] | Investment C in Unlisted Equity Instrument [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	9,969		$ 10,000
Level 3 [Member] | Option Pricing Model [Member] | Derivative Liabilities [Member]
Financial instruments measured at fair value [Abstract]
Financial assets at fair value	$ 25,336

FINANCIAL RISK MANAGEMENT AND_5

FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL INSTRUMENTS, Changes in Fair Value Measurement of Assets (Details) - Level 3 [Member] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Unlisted Equity Instruments and Debt Instrument [Member]
Reconciliation of changes in fair value measurement, assets [abstract]
Beginning balance	$ 37,775	$ 60,959
Additions	2,524	1,400
Disposals	0	(31,111)
Net fair value changes recognized in profit or loss	1,440	2,238
Ending balance	41,739	33,486
Derivative Liabilities [Member]
Reconciliation of changes in fair value measurement, assets [abstract]
Beginning balance	0	0
Additions	11,106	0
Disposals	0	0
Net fair value changes recognized in profit or loss	14,230	0
Ending balance	$ 25,336	$ 0

BUSINESS COMBINATION, Business

BUSINESS COMBINATION, Business Combination between BTG, Bitdeer and BSGA (Details) $ / shares in Units, $ in Thousands			6 Months Ended
		Apr. 13, 2023 USD ($) shares $ / shares	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Business Combination [Abstract]
Net payment related to business combination			$ 0	$ 7,651
Fair value of assets acquired and liabilities assumed [Abstract]
Excess of fair value of consideration transferred over fair value of assets acquired and liabilities assumed, recognized as listing fee			$ 0	$ 33,151
Class A Ordinary Shares [Member]
Business Combination [Abstract]
Number of shares cancelled in exchange for new issued (in shares) | shares		60,281,185
Number of shares issued (in shares) | shares		4,384,796,703
Exchange ratio		1
Class V Ordinary Shares [Member]
Business Combination [Abstract]
Number of shares cancelled in exchange for new issued (in shares) | shares		48,399,922
Exchange ratio		0.00858
BSGA [Member]
Business Combination [Abstract]
Exchange ratio		0.00858
Ownership interest acquired		100%
Goodwill		$ 0
Other intangible assets		0
Transaction-related costs		8,000
Net payment related to business combination		$ 7,700
Purchase Price Allocation of Identifiable Assets Acquired and Liabilities Assumed [Abstract]
Number of outstanding ordinary shares held by BSGA's shareholders on acquisition date (in shares) | shares		2,607,000
Closing price of BSGA's ordinary shares on acquisition date (in dollars per share) | $ / shares		$ 10
Fair value of BSGA's ordinary shares on acquisition date		$ 26,075
Settlement of pre-existing debtor relationship with BSGA	[1]	2,607
Total fair value of consideration transferred		28,682
Fair value of assets acquired and liabilities assumed [Abstract]
Cash and cash equivalents		317
Prepayments and other assets		48
Other payables and accruals		(4,834)
Total fair value of assets acquired and liabilities assumed		(4,469)
Excess of fair value of consideration transferred over fair value of assets acquired and liabilities assumed, recognized as listing fee		$ 33,151
BSGA [Member] | Class A Ordinary Shares [Member]
Business Combination [Abstract]
Number of shares issued (in shares) | shares		2,607,498
[1]Settlement of pre-existing debtor relationship with BSGA represent lending made to BSGA.

BUSINESS COMBINATION, Acquisiti

BUSINESS COMBINATION, Acquisition of Troll Housing AS and Tydal Data Center AS (Details) $ / shares in Units, $ in Thousands				3 Months Ended	6 Months Ended
		May 30, 2024	Apr. 15, 2024 USD ($) shares $ / shares	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023	Dec. 31, 2023 USD ($)
Business Combination [Abstract]
Prepayments				$ 77,084	$ 77,084		$ 35,219
Share-based compensation arrangement by share based payment award fair value assumptions [Abstract]
Dividend yield		0%			0%	0%
Expected volatility					118%
Norway Acquisition [Member]
Business Combination [Abstract]
Aggregate principal amount of senior secured notes			$ 15,000
Ownership interest acquired			100%
Borrowings, interest rate			6%
Borrowings, maturity period			five years
Percentage of shares pledged			100%
Strike price (in dollars per share) | $ / shares			$ 35.96
Payables for purchase of non-current assets			$ 16,400
Prepayments			6,300
Land			1,100
Revenue				0	$ 0
Net income				$ 1,900	$ 3,000
Acquisition-date fair value of total consideration transferred [abstract]
Cash consideration paid			15,000
Senior secured notes	[1]		15,091
Total purchase consideration			32,952
Settlement of pre-existing debtor relationship with the Target Companies	[2]		(10,061)
Total fair value of consideration transferred			$ 22,891
Share-based compensation arrangement by share based payment award fair value assumptions [Abstract]
Share price (in dollars per share) | $ / shares			$ 5.65
Dividend yield			0%
Expected volatility			126%
Risk-free interest rate			4.65%
Fair value of assets acquired and liabilities assumed [Abstract]
Cash and cash equivalents			$ 8,723
Trade receivables			49
Prepayments and other assets			2,690
Right-of-use assets			122
Property, plant and equipment			1,323
Identified intangible assets: rights to electricity capacity			22,429
Deferred tax assets			32
Trade payables			(3,367)
Other payables and accruals			(16,384)
Income tax payables			(1,962)
Lease liabilities			(122)
Deferred tax liabilities			(5,093)
Net identifiable assets acquired			8,440
Goodwill			14,451
Total fair value of assets acquired and liabilities assumed			22,891
Norway Acquisition [Member] | Class A Ordinary Shares [Member]
Acquisition-date fair value of total consideration transferred [abstract]
Ordinary shares (in shares)	[3]		2,357
Ordinary share call options	[4]		$ 504
Ordinary shares (in shares) | shares			417,130
[1]The Group issued US$15.0 million in aggregate principal amount of senior secured notes on April 15, 2024, in relation to the business combination. The senior secured notes bear an annual interest of 6%, mature five years after April 15, 2024, and are secured by 100% of the shares of the Target Companies. The fair value of the senior secured notes is measured by calculating the present value of the notes using the effective interest rate. The pledge of the 100% of issued shares capital of the Target Companies does not influence the Group’s control over the Target Companies, as (i) the Group has power over the Target Companies to direct relevant activities of the Target Companies, (ii) the Group has exposures to variable returns from involvement with the Target Companies, and (iii) the Group has the ability to exercise its power over the Target Companies to affect the amount of those returns.[2]Settlement of pre-existing debtor relationship with the Target Companies represents the payable amount of approximately US$16.4 million from the Group to the Target Companies in relation to the services provided and offset against a prepayment made by the Group to the Target Companies of approximately US$6.3 million. The services provided by the Target Companies, include electricity supply, construction services, and daily operational management for the mining datacenters prior to the date of acquisition.[3]The fair value of the Class A ordinary shares is determined based on the number of shares transferred and the closing price on the acquisition date. The shares are transferred upon the completion of the acquisition.[4]The Group granted Class A ordinary share call options at a strike price of US$35.96 per share, with the expiry date set as the later of April 15, 2029, or six months after all principal and interest accrued under the senior secured notes have been repaid. The fair value was recognized on the acquisition date based on the binomial model with the assistance of an independent valuation specialist. The following table provides the key inputs used in the model for determining the value of the option:

REVENUE AND CONTRACT BALANCES,

REVENUE AND CONTRACT BALANCES, Revenues from Major Categories and Revenue Concentration (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Revenue		$ 218,735	$ 166,403
Customer A [Member]
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Percentage of entity's revenue			22.18%
Customer A [Member] | Maximum [Member]
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Percentage of entity's revenue		10%
Customer B [Member]
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Percentage of entity's revenue		10.07%
Customer B [Member] | Maximum [Member]
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Percentage of entity's revenue		10%
Self-Mining [Member]
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Revenue		$ 90,084	$ 34,713
Hash Rate Subscription [Member]
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Revenue		18,400	21,877
Electricity Subscription [Member]
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Revenue		11,713	13,994
Additional Consideration from Cloud Hash Rate Arrangements Under Acceleration Mode [Member]
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Revenue		229	168
Sales of Mining Machines [Member]
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Revenue		0	2
Cloud Hosting Arrangements [Member]
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Revenue	[1]	1,001	1,805
General Hosting [Member]
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Revenue		49,525	49,911
Membership Hosting [Member]
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Revenue		41,669	40,435
Others [Member]
Disclosure of disaggregation of revenue from contracts with customers [abstract]
Revenue	[2]	$ 6,114	$ 3,498
[1]The Group did not generate any revenue from the additional consideration from Cloud Hosting arrangements offered under accelerator mode for the periods ended June 30, 2024 and 2023.[2]Others include revenue generated primarily from providing technical and human resources service, repairment services of hosted mining machines, lease of investment properties, the sale of mining machine peripherals, the sale of containerized solution product and providing AI cloud services.

REVENUE AND CONTRACT BALANCES_2

REVENUE AND CONTRACT BALANCES, Contract Assets and Liabilities (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
REVENUE AND CONTRACT BALANCES [Abstract]
Contract assets	$ 0		$ 0
Contract liabilities	119.9		$ 144.3
Deferred revenues	$ 33.1	$ 29.2

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) Segment	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Segment related information [Abstract]
Number of operating segments | Segment	1
Revenue	$ 218,735	$ 166,403
Non-current assets	378,408		$ 316,086
Singapore [Member]
Segment related information [Abstract]
Revenue	12,651	12,073
Non-current assets	63,276		54,442
Asia Excluding Singapore [Member]
Segment related information [Abstract]
Revenue	72,152	47,458
Non-current assets	100,620		63,180
North America [Member]
Segment related information [Abstract]
Revenue	127,460	100,118
Non-current assets	136,684		148,021
Europe [Member]
Segment related information [Abstract]
Revenue	5,740	5,194
Non-current assets	77,828		$ 50,443
Other [Members]
Segment related information [Abstract]
Revenue	$ 732	$ 1,560

CASH, CASH EQUIVALENTS AND RE_3

CASH, CASH EQUIVALENTS AND RESTRICTED CASH, Breakdown of Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Breakdown of cash and cash equivalents [Abstract]
Cash and cash equivalents by currency	$ 203,882	$ 144,729	$ 130,203	$ 231,362
Restricted cash	9,144	9,538
Total restricted cash	9,144	9,538
Short-term Deposits [Abstract]
Short-term deposits, classified as cash equivalents	$ 58,800	$ 12,400
Short-term deposits, maturity date	July 2024	January 2024
Minimum [Member]
Short-term Deposits [Abstract]
Interest rate on short-term deposits	2.90%	2.40%
Maximum [Member]
Short-term Deposits [Abstract]
Interest rate on short-term deposits	5.27%	4.80%
US Dollar [Member]
Breakdown of cash and cash equivalents [Abstract]
Cash and cash equivalents by currency	$ 192,505	$ 137,917
Singapore Dollar [Member]
Breakdown of cash and cash equivalents [Abstract]
Cash and cash equivalents by currency	2,510	2,991
Chinese Renminbi [Member]
Breakdown of cash and cash equivalents [Abstract]
Cash and cash equivalents by currency	414	585
Norwegian Krone [Member]
Breakdown of cash and cash equivalents [Abstract]
Cash and cash equivalents by currency	7,516	2,487
Euro [Member]
Breakdown of cash and cash equivalents [Abstract]
Cash and cash equivalents by currency	783	701
Hongkong Dollar [Member]
Breakdown of cash and cash equivalents [Abstract]
Cash and cash equivalents by currency	7	7
Bhutan, Ngultrum [Member]
Breakdown of cash and cash equivalents [Abstract]
Cash and cash equivalents by currency	$ 147	$ 41

CASH, CASH EQUIVALENTS AND RE_4

CASH, CASH EQUIVALENTS AND RESTRICTED CASH, Standby Letters of Credits (Details) - Standby Letters of Credit [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Standby Letters of Credits [Abstract]
Draw amount	$ 9,144	$ 9,538
Utilized by beneficiaries from standby letters of credits	$ 0	$ 0
Minimum [Member]
Standby Letters of Credits [Abstract]
Range of expiration dates	July 2025	July 2024
Maximum [Member]
Standby Letters of Credits [Abstract]
Range of expiration dates	August 2025	August 2024

CRYPTOCURRENCIES, Group's Crypt

CRYPTOCURRENCIES, Group's Cryptocurrencies (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Cryptocurrencies [Abstract]
Cryptocurrencies other than USDC	$ 24,913	$ 15,336
USDC	3	35
Total cryptocurrencies	$ 24,916	$ 15,371	$ 10,336	$ 2,175

CRYPTOCURRENCIES, Details of Cr

CRYPTOCURRENCIES, Details of Cryptocurrencies (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cryptocurrencies [Abstract]
Beginning balances	$ 15,371	$ 2,175
Ending balances	24,916	10,336
Other than USD Coin [Member]
Cryptocurrencies [Abstract]
Beginning balances	15,336	2,086
Ending balances	24,913	10,186
Cost [Member]
Cryptocurrencies [Abstract]
Beginning balances	15,377	2,179
Additions	184,296	133,520
Disposals	(173,928)	(125,360)
Ending balances	25,745	10,339
Cost [Member] | Other than USD Coin [Member]
Cryptocurrencies [Abstract]
Beginning balances	15,342	2,090
Additions	180,185	127,589
Disposals	(169,785)	(119,490)
Ending balances	25,742	10,189
Impairment [Member]
Cryptocurrencies [Abstract]
Beginning balances	(6)	(4)
Additions	(823)	0
Disposals	0	1
Ending balances	(829)	(3)
Impairment [Member] | Other than USD Coin [Member]
Cryptocurrencies [Abstract]
Beginning balances	(6)	(4)
Additions	(823)	0
Disposals	0	1
Ending balances	$ (829)	$ (3)

PREPAYMENTS AND OTHER ASSETS (D

PREPAYMENTS AND OTHER ASSETS (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Feb. 29, 2024	Jan. 31, 2024	Dec. 31, 2023
Assets [Abstract]
Prepayments to suppliers		$ 77,084				$ 35,219
Deposits	[1]	31,420				54,304
Inventories [Abstract]
Raw materials	[2]	3,901				231
Work-in-progress	[2]	3,907				115
Finished goods	[2]	358				0
Deductible input value-added tax		3,137				3,425
Prepayments of income tax		2,084				15
Others		4,186				4,124
Total		126,077				$ 97,433
Total liability of guaranteed obligations under all agreements				$ 30,000	$ 13,000
Inventory recognized as expense		0	$ 0
Write-down or reserve of write-down of inventory		0	0
Allowance for expected credit losses or impairment for prepayments and other assets		$ 0	$ 0
[1]The Group pays deposits to certain electricity service providers. In order to minimize the deposit paid to the electricity supplier, in April 2023, Bitdeer Inc., a subsidiary of the Group, has entered into a guaranty agreement (the “2023 Guaranty Agreement”) with one of the electricity suppliers to act as a guarantor to provide the assurance for the payment obligation of another subsidiary of the Group in connection with electricity service subscribed. The total liability of the guarantor is limited to the lesser of the guaranteed obligations under all agreements or US$13.0 million in each case. In February 2024,  Bitdeer and Bitdeer, Inc. together entered into a guaranty agreement with the electricity supplier to amend the 2023 Guaranty Agreement and limit the guarantor’s total liability to the lesser of the guaranteed obligations under all agreement or US$30.0 million in each case.[2]During the six months periods ended June 30, 2024 and 2023, there were no inventory recognized as an expense and included in cost of sales, and no write-down or reserve of write-down of inventory.

FINANCIAL ASSETS AT FAIR VALU_3

FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Financial assets at fair value [Abstract]
Financial assets at fair value		$ 41,739	$ 37,775
Financial Assets at Fair Value Through Profit or Loss [Member]
Financial assets at fair value [Abstract]
Financial assets at fair value		41,739	37,775
Financial Assets at Fair Value Through Profit or Loss [Member] | Investment A [Member]
Financial assets at fair value [Abstract]
Financial assets at fair value		1,000	1,000
Financial Assets at Fair Value Through Profit or Loss [Member] | Investment B [Member]
Financial assets at fair value [Abstract]
Financial assets at fair value		1,000	1,000
Financial Assets at Fair Value Through Profit or Loss [Member] | Investment C [Member]
Financial assets at fair value [Abstract]
Financial assets at fair value		9,969	10,000
Financial Assets at Fair Value Through Profit or Loss [Member] | Investment D [Member]
Financial assets at fair value [Abstract]
Financial assets at fair value	[1]	21,421	19,875
Financial Assets at Fair Value Through Profit or Loss [Member] | Investment E [Member]
Financial assets at fair value [Abstract]
Financial assets at fair value		1,500	1,500
Financial Assets at Fair Value Through Profit or Loss [Member] | Investment F [Member]
Financial assets at fair value [Abstract]
Financial assets at fair value		725	400
Financial Assets at Fair Value Through Profit or Loss [Member] | Investment I [Member]
Financial assets at fair value [Abstract]
Financial assets at fair value		1,624	0
Financial Assets at Fair Value Through Profit or Loss [Member] | Investment J [Member]
Financial assets at fair value [Abstract]
Financial assets at fair value		500	0
Financial Assets at Fair Value Through Profit or Loss [Member] | Investment G [Member]
Financial assets at fair value [Abstract]
Financial assets at fair value		1,000	1,000
Financial Assets at Fair Value Through Profit or Loss [Member] | Investment H [Member]
Financial assets at fair value [Abstract]
Financial assets at fair value		$ 3,000	$ 3,000
[1]See Note 25.

MINING MACHINES (Details)

MINING MACHINES (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Mining Machines [Abstract]
Beginning balance	$ 154,860
Ending balance	196,749	$ 139,336
Cost [Member]
Mining Machines [Abstract]
Beginning balance	252,929	196,886
Additions	62,167	21,156
Disposals	(785)	(84)
Ending balance	315,643	217,958
Accumulated Depreciation [Member]
Mining Machines [Abstract]
Beginning balance	(98,069)	(58,250)
Charge for the period	(21,392)	(20,376)
Disposals	567	4
Ending balance	(118,894)	(78,622)
Mining Asset [Member]
Mining Machines [Abstract]
Ending balance	55,126	47,295
Mining Asset [Member] | Cost [Member]
Mining Machines [Abstract]
Beginning balance	168,513	122,203
Additions	1,136	31,402
Disposals		(6,185)
Ending balance	169,649	147,420
Mining Asset [Member] | Accumulated Depreciation [Member]
Mining Machines [Abstract]
Beginning balance	(104,935)	(94,399)
Charge for the period	(9,487)	(11,208)
Disposals		5,583
Ending balance	(114,422)	(100,024)
Mining Asset [Member] | Impairment [Member]
Mining Machines [Abstract]
Beginning balance	(101)	(101)
Ending balance	$ (101)	$ (101)

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - Property plant and equipment (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	$ 154,860
Ending balance	196,749	$ 139,336
Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	252,929	196,886
Additions	62,167	21,156
Acquired through the Norway Acquisition	1,323
Construction in progress transferred in	0	0
Disposals	(785)	(84)
Exchange adjustments	9
Ending balance	315,643	217,958
Accumulated Depreciation [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	(98,069)	(58,250)
Charge for the period	(21,392)	(20,376)
Disposals	567	4
Ending balance	(118,894)	(78,622)
Construction in Progress [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Ending balance	76,082	30,354
Construction in Progress [Member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	30,095	16,512
Additions	48,159	19,390
Acquired through the Norway Acquisition	0
Construction in progress transferred in	(2,172)	(5,548)
Disposals	0	0
Exchange adjustments	0
Ending balance	76,082	30,354
Construction in Progress [Member] | Accumulated Depreciation [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	0	0
Charge for the period	0	0
Disposals	0	0
Ending balance	0	0
Building [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Ending balance	23,249	19,356
Building [Member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	27,364	23,449
Additions	897	0
Acquired through the Norway Acquisition	99
Construction in progress transferred in	233	0
Disposals	0	0
Exchange adjustments	0
Ending balance	28,593	23,449
Building [Member] | Accumulated Depreciation [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	(4,631)	(3,525)
Charge for the period	(713)	(568)
Disposals	0	0
Ending balance	(5,344)	(4,093)
Land [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Ending balance	3,156	484
Land [Member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	2,058	484
Additions	0	0
Acquired through the Norway Acquisition	1,091
Construction in progress transferred in	0	0
Disposals	0	0
Exchange adjustments	7
Ending balance	3,156	484
Land [Member] | Accumulated Depreciation [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	0	0
Charge for the period	0	0
Disposals	0	0
Ending balance	0	0
Machinery [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Ending balance	32,992	23,657
Machinery [Member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	48,738	32,872
Additions	154	823
Acquired through the Norway Acquisition	34
Construction in progress transferred in	948	0
Disposals	(9)	(69)
Exchange adjustments	1
Ending balance	49,866	33,626
Machinery [Member] | Accumulated Depreciation [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	(13,462)	(6,803)
Charge for the period	(3,417)	(3,169)
Disposals	5	3
Ending balance	(16,874)	(9,969)
Electronic Equipment [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Ending balance	21,350	7,338
Electronic Equipment [Member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	15,286	10,624
Additions	12,749	155
Acquired through the Norway Acquisition	18
Construction in progress transferred in	1	0
Disposals	(150)	(15)
Exchange adjustments	0
Ending balance	27,904	10,764
Electronic Equipment [Member] | Accumulated Depreciation [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	(4,449)	(2,473)
Charge for the period	(2,227)	(954)
Disposals	122	1
Ending balance	(6,554)	(3,426)
Leasehold Improvements and Property Improvements [member]
Reconciliation of changes in property, plant and equipment [abstract]
Ending balance	34,229	53,124
Leasehold Improvements and Property Improvements [member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	117,808	104,517
Additions	16	758
Acquired through the Norway Acquisition	0
Construction in progress transferred in	773	5,548
Disposals	0	0
Exchange adjustments	0
Ending balance	118,597	110,823
Leasehold Improvements and Property Improvements [member] | Accumulated Depreciation [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	(70,978)	(43,003)
Charge for the period	(13,390)	(14,696)
Disposals	0	0
Ending balance	(84,368)	(57,699)
Others [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Ending balance	5,691	5,023
Others [Member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	11,580	8,428
Additions	192	30
Acquired through the Norway Acquisition	81
Construction in progress transferred in	217	0
Disposals	(626)	0
Exchange adjustments	1
Ending balance	11,445	8,458
Others [Member] | Accumulated Depreciation [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	(4,549)	(2,446)
Charge for the period	(1,645)	(989)
Disposals	440	0
Ending balance	$ (5,754)	$ (3,435)

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, Contractual Commitments (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Changes in property, plant and equipment [abstract]
Contractual commitments for acquisition of property, plant and equipment	$ 12.8	$ 7.5

INVESTMENT PROPERTIES, Summary

INVESTMENT PROPERTIES, Summary (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Reconciliation of changes in investment property [abstract]
Beginning balance	$ 34,346
Ending balance	32,118	$ 34,387
Cost [Member]
Reconciliation of changes in investment property [abstract]
Beginning balance	38,289	36,819
Additions	279	447
Disposals	(616)
Exchange adjustments	(856)	(338)
Ending balance	37,096	36,928
Accumulated Depreciation [Member]
Reconciliation of changes in investment property [abstract]
Beginning balance	(3,943)	(1,277)
Charge for the period	(1,347)	(1,280)
Disposals	218
Exchange adjustments	94	16
Ending balance	(4,978)	(2,541)
Leasehold Land [Member]
Reconciliation of changes in investment property [abstract]
Beginning balance	5,314
Ending balance	4,632	5,372
Leasehold Land [Member] | Cost [Member]
Reconciliation of changes in investment property [abstract]
Beginning balance	5,915	5,746
Additions	38	80
Disposals	(616)
Exchange adjustments	(152)	(63)
Ending balance	5,185	5,763
Leasehold Land [Member] | Accumulated Depreciation [Member]
Reconciliation of changes in investment property [abstract]
Beginning balance	(601)	(199)
Charge for the period	(185)	(195)
Disposals	218
Exchange adjustments	15	3
Ending balance	(553)	(391)
Building [Member]
Reconciliation of changes in investment property [abstract]
Ending balance	26,411	28,353
Building [Member] | Cost [Member]
Reconciliation of changes in investment property [abstract]
Beginning balance	31,273	30,679
Additions	0	33
Disposals	0
Exchange adjustments	(669)	(271)
Ending balance	30,604	30,441
Building [Member] | Accumulated Depreciation [Member]
Reconciliation of changes in investment property [abstract]
Beginning balance	(3,205)	(1,051)
Charge for the period	(1,063)	(1,050)
Disposals	0
Exchange adjustments	75	13
Ending balance	(4,193)	(2,088)
Others [Member]
Reconciliation of changes in investment property [abstract]
Ending balance	1,075	662
Others [Member] | Cost [Member]
Reconciliation of changes in investment property [abstract]
Beginning balance	1,101	394
Additions	241	334
Disposals	0
Exchange adjustments	(35)	(4)
Ending balance	1,307	724
Others [Member] | Accumulated Depreciation [Member]
Reconciliation of changes in investment property [abstract]
Beginning balance	(137)	(27)
Charge for the period	(99)	(35)
Disposals	0
Exchange adjustments	4	0
Ending balance	$ (232)	$ (62)

INVESTMENT PROPERTIES, Maturity

INVESTMENT PROPERTIES, Maturity Analysis of Lease Payments Receivable under Operating Leases (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Lease Payments [Abstract]
Investment properties	$ 32,118	$ 34,346	$ 34,387
Minimum [Member]
Lease Payments [Abstract]
Operating lease term	1 year 6 months
Maximum [Member]
Lease Payments [Abstract]
Operating lease term	12 years
Investment Property [Member]
Lease Payments [Abstract]
Lease payments receivable	$ 14,975
Impairment related to investment properties	0	0
Investment Property [Member] | Level 3 [Member]
Lease Payments [Abstract]
Investment properties	35,400	$ 36,400
Investment Property [Member] | 2024 [Member]
Lease Payments [Abstract]
Lease payments receivable	1,890
Investment Property [Member] | 2025 [Member]
Lease Payments [Abstract]
Lease payments receivable	3,380
Investment Property [Member] | 2026 [Member]
Lease Payments [Abstract]
Lease payments receivable	2,751
Investment Property [Member] | 2027 [Member]
Lease Payments [Abstract]
Lease payments receivable	1,766
Investment Property [Member] | 2028 [Member]
Lease Payments [Abstract]
Lease payments receivable	1,723
Investment Property [Member] | Thereafter [Member]
Lease Payments [Abstract]
Lease payments receivable	$ 3,465

INTANGIBLE ASSETS AND GOODWIL_2

INTANGIBLE ASSETS AND GOODWILL (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Intangible Assets and Goodwill [Abstract]
Charge for the period	$ 0	$ 0
Acquisition of intangible assets	0		$ 8
Intangible Assets [Member]
Intangible Assets and Goodwill [Abstract]
Ending balance	26,975	5,064
Intangible Assets [Member] | Cost [Member]
Intangible Assets and Goodwill [Abstract]
Beginning balance	5,653	444
Additions	409	4,896
Acquired through the Norway Acquisition	22,429
Ending balance	28,491	5,340
Intangible Assets [Member] | Accumulated Amortization [Member]
Intangible Assets and Goodwill [Abstract]
Beginning balance	(876)	(122)
Charge for the period	(640)	(154)
Ending balance	(1,516)	(276)
Rights to Electricity Capacity [Member]
Intangible Assets and Goodwill [Abstract]
Ending balance	22,429	0
Rights to Electricity Capacity [Member] | Cost [Member]
Intangible Assets and Goodwill [Abstract]
Beginning balance	0	0
Additions	0	0
Acquired through the Norway Acquisition	22,429
Ending balance	22,429	0
Rights to Electricity Capacity [Member] | Accumulated Amortization [Member]
Intangible Assets and Goodwill [Abstract]
Beginning balance	0	0
Charge for the period	0	0
Ending balance	0	0
Patents, Trademarks and Other Rights [Member]
Intangible Assets and Goodwill [Abstract]
Ending balance	3,939	4,816
Patents, Trademarks and Other Rights [Member] | Cost [Member]
Intangible Assets and Goodwill [Abstract]
Beginning balance	4,899	3
Additions	110	4,896
Acquired through the Norway Acquisition	0
Ending balance	5,009	4,899
Patents, Trademarks and Other Rights [Member] | Accumulated Amortization [Member]
Intangible Assets and Goodwill [Abstract]
Beginning balance	(573)	(1)
Charge for the period	(497)	(82)
Ending balance	(1,070)	(83)
Others [Member]
Intangible Assets and Goodwill [Abstract]
Ending balance	607	248
Others [Member] | Cost [Member]
Intangible Assets and Goodwill [Abstract]
Beginning balance	754	441
Additions	299	0
Acquired through the Norway Acquisition	0
Ending balance	1,053	441
Others [Member] | Accumulated Amortization [Member]
Intangible Assets and Goodwill [Abstract]
Beginning balance	(303)	(121)
Charge for the period	(143)	(72)
Ending balance	(446)	(193)
Goodwill [member]
Intangible Assets and Goodwill [Abstract]
Additions		0
Charge for the period	0	0
Ending balance	14,451	0
Goodwill [member] | Cost [Member]
Intangible Assets and Goodwill [Abstract]
Beginning balance	0	0
Additions	0
Acquired through the Norway Acquisition	14,451
Ending balance	14,451	0
Goodwill [member] | Accumulated impairment [member]
Intangible Assets and Goodwill [Abstract]
Beginning balance	0	0
Ending balance	$ 0	$ 0

LEASES, Term of Lease (Details)

LEASES, Term of Lease (Details)	6 Months Ended
	Jun. 30, 2024
Minimum [Member]
Lease term [Abstract]
Lease term	2 years
Maximum [Member]
Lease term [Abstract]
Lease term	30 years

LEASES, Right-of-Use Assets (De

LEASES, Right-of-Use Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Right-of-Use Assets [Abstract]
Right-of-use assets	$ 67,440		$ 58,626
Investment properties	32,118	$ 34,387	34,346
Addition to right-of-use assets and investment properties of leasehold land	17,000	3,100
Leasehold Land [Member]
Right-of-Use Assets [Abstract]
Investment properties	4,632	$ 5,372	5,314
Land and Buildings [Member]
Right-of-Use Assets [Abstract]
Right-of-use assets	$ 67,440		$ 58,626

LEASES, Lease Liabilities (Deta

LEASES, Lease Liabilities (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Lease liabilities [Abstract]
Lease liabilities mature within 12 months		$ 5,239	$ 5,288
Lease liabilities mature over 12 months		74,123	64,923
Total lease liabilities	[1]	79,362	70,211
Leasehold Land [Member] | Investment Properties [Member]
Lease liabilities [Abstract]
Total lease liabilities		$ 4,000	$ 4,600
[1]Lease liabilities in amount of approximately US$4.0 million and US$4.6 million was related to the leasehold land included in the investment properties as of June 30, 2024 and December 31, 2023. See Note 15.

LEASES, Amounts Recognized in P

LEASES, Amounts Recognized in Profit or Loss (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Recognized in Profit or Loss [Abstract]
Depreciation expense of right-of-use assets		$ 3,625	$ 3,205
Interest expense	[1]	1,676	1,299
Expense relating to variable payment leases		134	193
Expense relating to short-term leases		160	159
Loss on lease termination		198	0
Total amounts recognized in profit or loss		5,793	4,856
Total cash outflow for leases		4,300	3,900
Leasehold Land [Member] | Investment Properties [Member]
Recognized in Profit or Loss [Abstract]
Interest expense		$ 100	$ 100
[1]The interest expense includes the amount related to the leasehold land included in the investment properties for the periods ended June 30, 2024 and 2023, which was approximately US$0.1 million for each periods. See Note 15.

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ / shares in Units, $ in Thousands			1 Months Ended	6 Months Ended
		Jul. 23, 2021	Jul. 31, 2023	Jun. 30, 2024	Dec. 31, 2023	Apr. 30, 2023
Borrowings, by type [abstract]
Borrowings				$ 37,828	$ 22,618
Gain recognized from modification of convertible debt				481
Class A Ordinary Shares [Member]
Borrowings, by type [abstract]
Debt conversion price (in dollars per share)						$ 7.366
Convertible Debt [Member]
Borrowings, by type [abstract]
Borrowings	[1]			$ 22,735	22,618
Principal amount		$ 30,000
Interest rate		8%
Debt conversion price (in dollars per share)		$ 0.0632
Equity component of convertible notes, converted		$ 683
Repayment of principal borrowings			$ 7,000
Maturity date				July 21, 2025
Unamortized discount				$ 265	382
Senior Secured Notes [Member]
Borrowings, by type [abstract]
Borrowings	[2]			15,093	$ 0
Unamortized premium				$ 93
[1]The Group issued a US$30.0 million promissory note on July 23, 2021. The promissory note is non-secured, bears an annual interest rate of 8%, matures on July 23, 2023 and provides the holder an option to convert all or any portion of the note into the ordinary shares of Bitdeer at US$0.0632 per share at any time from the issuance of the note to the second anniversary of the date of issuance. Approximately US$683,000 was recognized as an equity component. In July 2023, the Group repaid US$7.0 million in principal and amended the promissory note to extend the maturity of the promissory note to July 21, 2025. In addition, to reflect the reverse recapitalization effectuated in April 2023 as disclosed in Note 6(a), the shares the promissory note is convertible into was changed from the ordinary shares of Bitdeer to the Class A ordinary shares of the Group, and the per-share conversion price was adjusted to US$7.3660 from US$0.0632. The extension of the maturity date is accounted for as a debt modification, and a gain from modification of approximately US$481,000 was recognized in earnings. The unamortized discount as of June 30, 2024 and December 31, 2023 was approximately US$265,000 and US$382,000, respectively.[2]The senior secured notes were part of purchase consideration paid for the Norway Acquisition disclosed in Note 6(b). The unamortized premium as of June 30, 2024, was approximately US$93,000.

DERIVATIVE LIABILITIES (Details

DERIVATIVE LIABILITIES (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	6 Months Ended
	May 30, 2024	May 31, 2024	Jun. 30, 2024	Jun. 30, 2023
Movement of Warrant Derivative Liabilities [Abstract]
Beginning balance			$ 0
Ending balance			$ 25,336
Description of Inputs Model for Determining Value of Warrant Derivative Liabilities [Abstract]
Dividend yield (%)	0%		0%	0%
Expected volatility (%)			118%
Warrants [member]
Movement of Warrant Derivative Liabilities [Abstract]
Beginning balance			$ 0
Issuance of warrant			11,106
Change in fair value of derivative liabilities			14,230
Ending balance			$ 25,336
Description of Inputs Model for Determining Value of Warrant Derivative Liabilities [Abstract]
Share price (in dollars per share)	$ 5.82		$ 10.26
Expected volatility (%)	136%		133%
Risk-free interest rate (%)	5.19%		5.13%
Maximum [Member]
Description of Inputs Model for Determining Value of Warrant Derivative Liabilities [Abstract]
Expected volatility (%)				124%
Risk-free interest rate (%)			4.33%	4.167%
Class A Ordinary Shares [Member] | Tether International Limited [Member]
Derivative Liabilities [Abstract]
Warrants exercise price (in dollars per share)		$ 10
Warrants exercisable period		1 year
Movement of Warrant Derivative Liabilities [Abstract]
Ending balance		$ 11,100
Class A Ordinary Shares [Member] | Tether International Limited [Member] | Maximum [Member]
Derivative Liabilities [Abstract]
Purchase of warrants (in shares)		5,000,000

OTHER PAYABLES AND ACCRUALS (De

OTHER PAYABLES AND ACCRUALS (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
OTHER PAYABLES AND ACCRUALS [Abstract]
Deposits from hosting customers		$ 9,207	$ 8,114
Payables for surtaxes		8,047	9,952
Accrued operating expenses		6,629	9,732
Payable to the former owners in Norway Acquisition	[1]	6,094	0
Payables for staff-related costs		1,791	2,554
Restoration provision for leasehold land		1,364	1,363
Others		438	436
Total		$ 33,570	$ 32,151
[1]Represent balance due to former owners in Norway Acquisition, which is a normal annual dividend authorized prior to the acquisition. It is thus accounted for as part of the liabilities assumed from the business combination described in Note 6(b), and listed in other payables.

EXPENSES BY NATURE AND OTHER _3

EXPENSES BY NATURE AND OTHER INCOME AND EXPENSES ITEMS, Expenses by Nature (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Expenses by Nature [Abstract]
Staff cost - salaries, wages and other benefits	$ 28,987	$ 24,345
Share-based payment	15,896	21,847
Amortization - intangible assets	640	154
Electricity cost in operating mining machines	110,474	84,510
One-off incremental development expense	14,878	0
Cost of mining machines sold	0	4
Consulting service fee	3,712	5,650
Office expenses	2,058	1,894
Travel expenses	1,760	1,227
Insurance fee	1,566	692
Research and development technical service fees	1,424	1,104
Advertising expenses	1,082	628
Expenses of low-value consumables	843	1,126
Expenses of short-term leases	160	159
Logistic expenses	148	243
Expenses of variable payment lease	134	193
Others	4,482	6,422
Total cost of revenue, selling, general and administrative and research and development expenses	224,095	186,267
Mining Machines [Member]
Expenses by Nature [Abstract]
Depreciation	9,487	11,208
Property, Plant and Equipment [Member]
Expenses by Nature [Abstract]
Depreciation	21,392	20,376
Investment Properties [Member]
Expenses by Nature [Abstract]
Depreciation	1,347	1,280
Right-of-use Assets [Member]
Expenses by Nature [Abstract]
Depreciation	$ 3,625	$ 3,205

EXPENSES BY NATURE AND OTHER _4

EXPENSES BY NATURE AND OTHER INCOME AND EXPENSES ITEMS, Other Operating Income / (Expenses) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Other Operating Income (Expenses) [Abstract]
Net gains on disposal of cryptocurrencies	$ 3,981	$ 471
Change in fair value of cryptocurrency-settled receivables and payables	32	0
Reversal / (recognition) of impairment loss of cryptocurrencies	(823)	1
Net losses on disposal of mining machines	0	(572)
Others	(13)	0
Total	$ 3,177	$ (100)

EXPENSES BY NATURE AND OTHER _5

EXPENSES BY NATURE AND OTHER INCOME AND EXPENSES ITEMS, Other Net Gains / (Losses) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Other Net Gains (Losses) [Abstract]
Changes in fair value of financial assets at fair value through profit or loss	$ 1,440	$ 2,238
Net gains / (losses) on disposal of property, plant and equipment	26	(51)
Government grants	15	31
Change in fair value of derivative liabilities	(14,230)	0
Others	(271)	(610)
Total	$ (13,020)	$ 1,608

EXPENSES BY NATURE AND OTHER _6

EXPENSES BY NATURE AND OTHER INCOME AND EXPENSES ITEMS, Finance Income / (Expenses) (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Finance Income / (Expenses) [Abstract]
Interest income		$ 3,535	$ 4,074
Cryptocurrency transaction service fee		(25)	(37)
Loss on foreign currency transactions		(397)	(2,335)
Interest expense on borrowings		(1,242)	(1,390)
Interest on lease liabilities	[1]	(1,676)	(1,299)
Others		(88)	(140)
Total		$ 107	$ (1,127)
[1]The interest expense includes the amount related to the leasehold land included in the investment properties for the periods ended June 30, 2024 and 2023, which was approximately US$0.1 million for each periods. See Note 15.

SHARE-BASED PAYMENTS, Summary (

SHARE-BASED PAYMENTS, Summary (Details)	1 Months Ended		6 Months Ended
	Jun. 30, 2023 shares	Apr. 30, 2023	Jun. 30, 2024 shares Batch $ / shares	Jun. 30, 2023 shares Batch $ / shares	Apr. 13, 2023 shares
Summary of share-based payment arrangement [Abstract]
Granted during the year (in shares)			1,276,000	401,000
Exercise price (in dollars per share) | $ / shares			$ 6.53	$ 3.5
Class A Ordinary Shares [Member]
Summary of share-based payment arrangement [Abstract]
Number of shares issued (in shares)					4,384,796,703
Exchange ratio					1
Issuance of ordinary shares (in shares)			26,541,080
2023 Plan [Member]
Summary of share-based payment arrangement [Abstract]
Granted during the year (in shares)			1,276,418	401,434
Number of batches | Batch			2	2
Number of shares for each award grants an option (in shares)	1		1	1
Share-based compensation arrangement by share-based payment award, award expiration period		10 years
Exercise price (in dollars per share) | $ / shares				$ 3.5
Exchange ratio					0.00858
2023 Plan [Member] | Minimum [Member]
Summary of share-based payment arrangement [Abstract]
Exercise price (in dollars per share) | $ / shares			$ 3.5
Vesting period			3 years
2023 Plan [Member] | Maximum [Member]
Summary of share-based payment arrangement [Abstract]
Exercise price (in dollars per share) | $ / shares			$ 9.86
Vesting period			5 years
2023 Plan [Member] | Class A Ordinary Shares [Member] | Maximum [Member]
Summary of share-based payment arrangement [Abstract]
Number of shares issued (in shares)					21,877,912
2023 Performance Plan [Member]
Summary of share-based payment arrangement [Abstract]
Granted during the year (in shares)			0
2023 Performance Plan [Member] | Maximum [Member]
Summary of share-based payment arrangement [Abstract]
Number of shares issued (in shares)	1,112,886			1,112,886
Issuance of ordinary shares (in shares)	11,128,861

SHARE-BASED PAYMENTS, Number of

SHARE-BASED PAYMENTS, Number of Shares and Weighted Average Exercise Prices of Share Awards (Details)		6 Months Ended
		Jun. 30, 2024 USD ($) shares $ / shares	Jun. 30, 2023 USD ($) shares $ / shares
Number of options [Abstract]
Beginning balance (in shares) | shares		11,744,000	10,398,000
Granted during the period (in shares) | shares		1,276,000	401,000
Exercised during the period (in shares) | shares	[1]	(168,000)
Forfeited during the period (in shares) | shares		(95,000)	(130,000)
Ending balance (in shares) | shares		12,757,000	10,669,000
Vested and exercisable (in shares) | shares		6,950,000	5,293,000
Average exercise price per share option [Abstract]
Beginning balance (in dollars per share)		$ 3.65	$ 3.5
Granted during the period (in dollars per share)		6.53	3.5
Exercised during the period (in dollars per share)	[1]	3.61
Forfeited (in dollars per share)		3.86	3.5
Ending balance (in dollars per share)		3.94	3.5
Vested and exercisable (in dollars per share)		3.63	3.5
Average fair value per share option [Abstract]
Beginning balance (in dollars per share)		23.04	25.27
Granted during the period (in dollars per share)		5.78	4.72
Exercised during the period (in dollars per share)	[1]	21.83
Forfeited (in dollars per share)		17.61	19.85
Ending balance (in dollars per share)		21.37	24.57
Vested and exercisable (in dollars per share)		$ 23.63	$ 24.57
Proceeds from exercise of options | $		$ 604,000	$ 0
Weighted average remaining contractual life		7 years 8 months 19 days	8 years 3 months 25 days
2023 Plan [Member]
Number of options [Abstract]
Granted during the period (in shares) | shares		1,276,418	401,434
Average exercise price per share option [Abstract]
Granted during the period (in dollars per share)			$ 3.5
Average fair value per share option [Abstract]
Proceeds from exercise of options | $		$ 604,000
[1] The total proceeds received from the exercised shares under the 2023 plan for the six months ended June 30, 2024 was approximately US$604,000.

SHARE-BASED PAYMENTS, Expense R

SHARE-BASED PAYMENTS, Expense Recognized for Share Awards (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Expenses by Nature [Abstract]
Expense recognized for share awards	$ 15,896	$ 21,847
Cost of Revenue [Member]
Expenses by Nature [Abstract]
Expense recognized for share awards	1,340	2,576
General and Administrative Expenses [Member]
Expenses by Nature [Abstract]
Expense recognized for share awards	9,172	11,299
Research and Development Expenses [Member]
Expenses by Nature [Abstract]
Expense recognized for share awards	4,367	6,107
Selling Expenses [Member]
Expenses by Nature [Abstract]
Expense recognized for share awards	$ 1,017	$ 1,865

SHARE-BASED PAYMENTS, Inputs to

SHARE-BASED PAYMENTS, Inputs to Model Used for Determining Value of Grant (Details) - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended
	May 30, 2024	Jun. 30, 2024	Jun. 30, 2023
Share-based compensation arrangement by share based payment award fair value assumptions [Abstract]
Dividend yield	0%	0%	0%
Expected volatility		118%
Share-based compensation arrangement by share based payment award incremental fair value of modification [Abstract]
Dividend yield			0%
Expected volatility			119%
Risk-free interest rate			3.45%
Expected dividend		$ 0
Minimum [Member]
Share-based compensation arrangement by share based payment award fair value assumptions [Abstract]
Expected volatility			121%
Risk-free interest rate		3.88%	4.152%
Exercise multiple (in dollars per share)		$ 2.2	$ 2.2
Share-based compensation arrangement by share based payment award incremental fair value of modification [Abstract]
Exercise multiple (in dollars per share)			$ 2.2
Maximum [Member]
Share-based compensation arrangement by share based payment award fair value assumptions [Abstract]
Expected volatility			124%
Risk-free interest rate		4.33%	4.167%
Exercise multiple (in dollars per share)		$ 2.8	$ 2.8
Share-based compensation arrangement by share based payment award incremental fair value of modification [Abstract]
Exercise multiple (in dollars per share)			$ 2.8

EQUITY, Share Capital (Details)

EQUITY, Share Capital (Details)

5 Months Ended

6 Months Ended

May 31, 2024 USD ($) $ / shares shares

Apr. 30, 2024 USD ($) shares

Apr. 13, 2023 USD ($) $ / shares shares

Oct. 31, 2023 Program

Jun. 30, 2024 USD ($) Vote shares

Apr. 17, 2024 USD ($) shares

Jun. 30, 2023 USD ($) shares

Mar. 31, 2024 USD ($) $ / shares

Dec. 31, 2023 USD ($) shares

Dec. 15, 2023 USD ($)

Aug. 31, 2023 USD ($) $ / shares

Dec. 31, 2022 shares

Share Capital [Abstract]

Authorized share capital | $

$ 50,000

Undesignated shares (in shares)

200,000,000

Par value of undesignated shares (in dollars per share) | $ / shares

$ 0.00

Number of share repurchase programs | Program

2

Fair value of shares issued amount | $

$ 144,563,000

Derivative financial liabilities | $

$ 25,336,000

$ 0

Business Combinations [Member]

Share Capital [Abstract]

Exchange ratio

0.00858

BSGA [Member]

Share Capital [Abstract]

Number of shares issued (in shares)

2,607,498

Number of shares outstanding (in shares)

2,607,498

Class A Ordinary Shares [Member]

Share Capital [Abstract]

Shares authorized (in shares)

499,600,000,000

Par value (in dollars per share) | $ / shares

$ 0.00

Number of shares issued (in shares)

4,384,796,703

Number of shares outstanding (in shares)

4,384,796,703

90,692,121

62,888,682

63,566,376

60,281,184

Number of shares cancelled in exchange for new issued (in shares)

60,281,185

Number of treasury shares cancelled

606,756

Exchange ratio

1

Number of votes per share | Vote

1

Amount of share repurchase proceeds used to repurchase ordinary shares | $

$ 2,600,000

Number of shares repurchased, under stock repurchase program (in shares)

606,756

Fair value of shares issued amount | $

$ 3,000

Class A Ordinary Shares [Member] | B. Riley Principal Capital II, LLC [Member]

Share Capital [Abstract]

Number of shares issued (in shares)

6,922,648

0

Purchase agreement maturity period

36 months

Net proceeds | $

$ 51,600,000

$ 0

Consideration from issuance of ordinary shares | $

$ 51,600,000

$ 0

Class A Ordinary Shares [Member] | Sales Agents [Member]

Share Capital [Abstract]

Number of shares issued (in shares)

1,031,072

Net proceeds | $

$ 5,600,000

Consideration from issuance of ordinary shares | $

$ 5,600,000

Class A Ordinary Shares [Member] | Renol Invest AS and Bryhni.com AS [Member]

Share Capital [Abstract]

Number of shares issued (in shares)

417,130

Fair value of shares issued amount | $

$ 2,400,000

Class A Ordinary Shares [Member] | Tether International Limited [Member]

Share Capital [Abstract]

Net proceeds | $

$ 100,000,000

Warrants exercise price (in dollars per share) | $ / shares

$ 10

Consideration from issuance of ordinary shares | $

$ 100,000,000

Derivative financial liabilities | $

11,100,000

Residual net transaction amount | $

$ 87,400,000

Class A Ordinary Shares [Member] | Maximum [Member]

Share Capital [Abstract]

Authorized share capital | $

$ 2,000,000

$ 1,000,000

Class A Ordinary Shares [Member] | Maximum [Member] | B. Riley Principal Capital II, LLC [Member]

Share Capital [Abstract]

Par value (in dollars per share) | $ / shares

$ 0.00

Number of shares authorized, value | $

$ 150,000,000

Class A Ordinary Shares [Member] | Maximum [Member] | Sales Agents [Member]

Share Capital [Abstract]

Par value (in dollars per share) | $ / shares

$ 0.00

Number of shares authorized, value | $

$ 250,000,000

Class A Ordinary Shares [Member] | Maximum [Member] | Tether International Limited [Member]

Share Capital [Abstract]

Shares authorized (in shares)

18,587,360

Par value (in dollars per share) | $ / shares

$ 0.00

Class of warrants issued

5,000,000

Class A Ordinary Shares [Member] | Business Combinations [Member]

Share Capital [Abstract]

Number of shares cancelled in exchange for new issued (in shares)

60,281,185

Class A Ordinary Shares [Member] | BSGA [Member]

Share Capital [Abstract]

Number of shares cancelled in exchange for new issued (in shares)

2,607,498

Class B Ordinary Shares [Member]

Share Capital [Abstract]

Number of shares issued (in shares)

5,631,795,619

Number of shares outstanding (in shares)

5,631,795,619

Class V Ordinary Shares [Member]

Share Capital [Abstract]

Shares authorized (in shares)

200,000,000

Par value (in dollars per share) | $ / shares

$ 0.00

Number of shares outstanding (in shares)

48,399,922

48,399,922

48,399,922

48,399,922

Number of shares cancelled in exchange for new issued (in shares)

48,399,922

Exchange ratio

0.00858

Number of votes per share | Vote

10

Fair value of shares issued amount | $

$ 0

Series B preferred shares [Member] | Business Combinations [Member]

Share Capital [Abstract]

Number of shares issued (in shares)

870,232,230

Number of shares outstanding (in shares)

870,232,230

Series B+ preferred shares [Member] | Business Combinations [Member]

Share Capital [Abstract]

Number of shares issued (in shares)

1,314,267,705

Number of shares outstanding (in shares)

1,314,267,705

Series A Preferred Shares [Member]

Share Capital [Abstract]

Number of shares issued (in shares)

7,141,236

Number of shares outstanding (in shares)

7,141,236

Series A Preferred Shares [Member] | Business Combinations [Member]

Share Capital [Abstract]

Number of shares issued (in shares)

453,892,313

Number of shares outstanding (in shares)

453,892,313

EQUITY, Classes of Shares (Deta

EQUITY, Classes of Shares (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Share Capital [Abstract]
Shares issued and outstanding at beginning of period		$ 332,566
Issuance of shares for exercise of share awards		604
Issuance of shares for cash		144,563
Issuance of shares as consideration for the Norway Acquisition		2,357	$ 18,096
Issuance of shares through Business Combination		2,357	$ 18,096
Shares issued and outstanding at ending of period		$ 479,399
Class A Ordinary Shares [Member]
Share Capital [Abstract]
Shares issued and outstanding at the beginning (in shares)		63,566,376	60,281,184
Shares issued and outstanding at beginning of period		$ 6	$ 6
Issuance of shares for exercise of share awards (in shares)		167,535
Issuance of shares for exercise of share awards	[1]
Issuance of shares for cash (in shares)		26,541,080
Issuance of shares for cash		$ 3
Issuance of shares as consideration for the Norway Acquisition (in shares)		417,130
Issuance of shares as consideration for the Norway Acquisition	[1]
Issuance of shares through Business Combination (in shares)			2,607,498
Issuance of shares through Business Combination	[1]
Shares issued and outstanding at the end (in shares)		90,692,121	62,888,682
Shares issued and outstanding at ending of period		$ 9	$ 6
Class V Ordinary Shares [Member]
Share Capital [Abstract]
Shares issued and outstanding at the beginning (in shares)		48,399,922	48,399,922
Shares issued and outstanding at beginning of period		$ 5	$ 5
Issuance of shares for exercise of share awards (in shares)		0
Issuance of shares for exercise of share awards		$ 0
Issuance of shares for cash (in shares)		0
Issuance of shares for cash		$ 0
Issuance of shares as consideration for the Norway Acquisition (in shares)		0
Issuance of shares as consideration for the Norway Acquisition		$ 0	$ 0
Issuance of shares through Business Combination (in shares)			0
Issuance of shares through Business Combination		$ 0	$ 0
Shares issued and outstanding at the end (in shares)		48,399,922	48,399,922
Shares issued and outstanding at ending of period		$ 5	$ 5
[1]Amount less than US$1

TAXATION, Provisions for Income

TAXATION, Provisions for Income Taxes (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Provisions for Income Taxes [Abstract]
Current income tax expenses	$ 5,068	$ 939
Deferred income tax benefit	(3,027)	(3,746)
Total	$ 2,041	$ (2,807)
Effective tax rate	(13.50%)	5.30%

TAXATION, Deferred Tax Assets a

TAXATION, Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Deferred Tax Assets and Liabilities [Abstract]
Deferred tax assets	$ 10,046	$ 9,013
Set-off of deferred tax positions relate to income taxes levied by the same tax authority	(6,520)	(8,022)
Deferred tax assets	3,526	991
Set-off of deferred tax positions relate to income taxes levied by the same tax authority	6,520	8,022
Deferred tax liabilities	(6,189)	(1,620)
Net deferred tax liabilities	(2,663)	(629)	$ (3,023)	$ (6,769)
Net Operating Losses [Member]
Deferred Tax Assets and Liabilities [Abstract]
Deferred tax assets	0	136
Net deferred tax liabilities	0	136	3,752	4,324
Share-Based Payments [Member]
Deferred Tax Assets and Liabilities [Abstract]
Deferred tax assets	3,929	3,573
Net deferred tax liabilities	3,929	3,573	3,075	2,672
Deferred Revenue [Member]
Deferred Tax Assets and Liabilities [Abstract]
Deferred tax assets	4,184	4,184
Net deferred tax liabilities	4,184	4,184	1,796	0
Property, Plant and Equipment, Intangible Assets and Right-of-use Assets [Member]
Deferred Tax Assets and Liabilities [Abstract]
Deferred tax assets	1,933	1,120
Net deferred tax liabilities	(10,776)	(8,522)	$ (11,646)	$ (13,765)
Property, Plant and Equipment and Intangible Assets [Member]
Deferred Tax Assets and Liabilities [Abstract]
Deferred tax liabilities	$ (12,709)	$ (9,642)

TAXATION, Movements in Net Defe

TAXATION, Movements in Net Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Movements in Net Deferred Tax Liabilities [Abstract]
Balance at the beginning	$ (629)	$ (6,769)
Recognized in profit or loss	3,027	3,746
Acquired through the business combination	(5,061)
Balance at the end	(2,663)	(3,023)
Tax Losses Carried Forward [Member]
Movements in Net Deferred Tax Liabilities [Abstract]
Balance at the beginning	136	4,324
Recognized in profit or loss	(136)	(572)
Acquired through the business combination	0
Balance at the end	0	3,752
Share-Based Payments [Member]
Movements in Net Deferred Tax Liabilities [Abstract]
Balance at the beginning	3,573	2,672
Recognized in profit or loss	356	403
Acquired through the business combination	0
Balance at the end	3,929	3,075
Deferred Revenue [Member]
Movements in Net Deferred Tax Liabilities [Abstract]
Balance at the beginning	4,184	0
Recognized in profit or loss	0	1,796
Acquired through the business combination	0
Balance at the end	4,184	1,796
Property, Plant and Equipment, Intangible Assets and Right-of-use Assets [Member]
Movements in Net Deferred Tax Liabilities [Abstract]
Balance at the beginning	(8,522)	(13,765)
Recognized in profit or loss	2,807	2,119
Acquired through the business combination	(5,061)
Balance at the end	$ (10,776)	$ (11,646)

TAXATION, Expirations of Unused

TAXATION, Expirations of Unused Tax Losses (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Unused Tax Losses Carryforwards [Abstract]
Unused tax losses tax loss carryforwards	$ 35,279
Singapore [Member]
Unused Tax Losses Carryforwards [Abstract]
Unused tax losses tax loss carryforwards	23,295
Hong Kong [Member]
Unused Tax Losses Carryforwards [Abstract]
Unused tax losses tax loss carryforwards	4,213
United States [Member]
Unused Tax Losses Carryforwards [Abstract]
Unused tax losses tax loss carryforwards	1,557
Norway [Member]
Unused Tax Losses Carryforwards [Abstract]
Unused tax losses tax loss carryforwards	6,127
Bhutan [Member]
Unused Tax Losses Carryforwards [Abstract]
Unused tax losses tax loss carryforwards	$ 87
Earliest year of expiration if not utilized	2027

RELATED PARTY TRANSACTIONS, Com

RELATED PARTY TRANSACTIONS, Compensation for Key Management and Board of Directors (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
RELATED PARTY TRANSACTIONS [Abstract]
Salaries and other emoluments	$ 4,383	$ 4,263
Total	$ 4,383	$ 4,263

RELATED PARTY TRANSACTIONS, Bal

RELATED PARTY TRANSACTIONS, Balances and Transactions with Related Parties (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Due from Related Party [Abstract]
Trade receivables	[1]	$ 6,248	$ 187
Total due from a related party		6,248	187
Due to Related Party [Abstract]
Other payables	[2]	3,380	33
Total due to a related party		3,380	33
Deferred Revenue from Related Party [Abstract]
Deferred revenue	[1]	32,777	0
Total deferred revenue from a related party		$ 32,777	$ 0
[1]Mainly related to the hosting service provided by the Group.[2]Other payables represent the deposit received related to the hosting service provided and the accrued service expense related to the custody and other services provided by the related party.

RELATED PARTY TRANSACTIONS, Tra

RELATED PARTY TRANSACTIONS, Transactions with Related Party (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Transactions Between Related Parties [Abstract]
Provide service to a related party	[1]	$ 17,956	$ 330
Receive service from a related party		87	154
Changes in fair value of financial assets at fair value through profit or loss		1,546	2,238
Sales of mining machine peripherals to a related party		$ 41	$ 0
[1]Mainly related to the hosting service provided by the Group.

LOSS PER SHARE (Details)

LOSS PER SHARE (Details) $ / shares in Units, shares in Thousands, $ in Thousands		6 Months Ended
		Jun. 30, 2024 USD ($) Vote $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares
LOSS PER SHARE [Abstract]
Loss attributable to ordinary equity shareholders of the Group | $		$ (17,137)	$ (49,827)
Weighted average number of ordinary shares outstanding (in shares) | shares	[1]	120,686	109,805
Loss per share, basic (in dollars per share) | $ / shares		$ (0.14)	$ (0.45)
Loss per share, diluted (in dollars per share) | $ / shares		$ (0.14)	$ (0.45)
Class A Ordinary Shares [Member]
LOSS PER SHARE [Abstract]
Number of votes granted per share | Vote		1
Class V Ordinary Shares [Member]
LOSS PER SHARE [Abstract]
Number of votes granted per share | Vote		10
[1]Each Class A ordinary share carries 1 vote and each Class V ordinary share carries 10 votes. All classes of shares are entitled to dividend and rank pari passu except for voting rights. They are included in the ordinary shares and the shareholders of the shares are referred to as the ordinary equity shareholders in the context of notes and presentations of earnings per share.

SUPPLEMENTAL CASH FLOW INFORM_3

SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
NON-CASH INVESTING AND FINANCING TRANSACTIONS [Abstract]
Operating lease right-of-use assets and leasehold land obtained in exchange for operating lease liabilities	$ 17,035	$ 3,058
Liabilities assumed in connection with acquisition of property, plant and equipment and intangible assets	10,664	4,896
Prepayments realized as additions to property, plant and equipment	9,046	0
Settlement of pre-existing debtor relationship in the Norway Acquisition (Note 6(b))	10,061	0
Issuance of senior secured notes, Class A ordinary shares and share options in connection with the Norway Acquisition	17,952	0
Cancellation of repurchased treasury shares	$ 2,604	$ 0

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)

1 Months Ended

3 Months Ended

6 Months Ended

Sep. 23, 2024 USD ($) shares

Jul. 23, 2021 USD ($) $ / shares

Aug. 31, 2024 USD ($) $ / shares

Jul. 31, 2024 USD ($) shares $ / shares

Jul. 31, 2023 USD ($)

Sep. 23, 2024 USD ($) shares

Jun. 30, 2024 USD ($) shares $ / shares

Apr. 17, 2024 shares

Jun. 30, 2023 shares $ / shares

Sep. 30, 2024 USD ($)

Sep. 13, 2024 shares

Dec. 31, 2023 USD ($)

Apr. 30, 2023 $ / shares

Apr. 13, 2023 shares

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Number of awards granted (in shares) | shares

1,276,000

401,000

Exercise price (in dollars per share) | $ / shares

$ 6.53

$ 3.5

Borrowings

$ 37,828,000

$ 22,618,000

Convertible Debt [Member]

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Borrowings

[1]

$ 22,735,000

22,618,000

Debt conversion price (in dollars per share) | $ / shares

$ 0.0632

Interest rate

8%

Maturity date

July 21, 2025

Proceeds from convertible debt

$ 30,000,000

Repayment of principal borrowings

$ 7,000,000

Senior Secured Notes [Member]

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Borrowings

[2]

$ 15,093,000

$ 0

Major ordinary share transactions [member] | 2023 Share Incentive Plan [Member]

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Number of awards granted (in shares) | shares

86,410

Number of shares for each award (in shares) | shares

1

Exercise price (in dollars per share) | $ / shares

$ 10.59

Share award expiration period

10 years

Major ordinary share transactions [member] | 2023 Share Incentive Plan [Member] | Maximum [Member]

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Vesting period

5 years

Major Borrowings [Member] | Convertible Debt [Member]

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Borrowings

$ 150,000,000

$ 3,000,000

Shares issued upon conversion of debt (in shares) | shares

407,276

Debt conversion price (in dollars per share) | $ / shares

$ 8.55

$ 7.366

Interest rate

8.50%

Maturity date

August 15, 2029

Debt conversion integral multiple amount

$ 1,000

Major Borrowings [Member] | Underwriters' Over-allotment Option [Member]

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Proceeds from convertible debt

167,300,000

Major Borrowings [Member] | Underwriters' Over-allotment Option [Member] | Maximum [Member]

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Borrowings

22,500,000

Major Borrowings [Member] | Senior Secured Notes [Member]

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Repayment of principal borrowings

$ 5,000,000

Class A Ordinary Shares [Member]

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Debt conversion price (in dollars per share) | $ / shares

$ 7.366

Number of shares repurchased, under stock repurchase program (in shares) | shares

606,756

Number of shares issued (in shares) | shares

4,384,796,703

Class A Ordinary Shares [Member] | Subsequent Events [Member]

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Number of shares repurchased, under stock repurchase program (in shares) | shares

145,762

Payments for repurchase of ordinary shares

$ 900,000

Class A Ordinary Shares [Member] | Major ordinary share transactions [member]

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Number of shares issued (in shares) | shares

691,168

691,168

Net proceeds

$ 7,900,000

Class A Ordinary Shares [Member] | Major ordinary share transactions [member] | Maximum [Member]

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Authorized amount for share repurchase of ordinary shares

$ 10,000,000

FreeChain Inc. [Member] | Class A Ordinary Shares [Member] | Major business combination [member]

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Percent of equity interests acquired

100%

Number of shares issued to acquire equity interest (in shares) | shares

20,000,000

[1]The Group issued a US$30.0 million promissory note on July 23, 2021. The promissory note is non-secured, bears an annual interest rate of 8%, matures on July 23, 2023 and provides the holder an option to convert all or any portion of the note into the ordinary shares of Bitdeer at US$0.0632 per share at any time from the issuance of the note to the second anniversary of the date of issuance. Approximately US$683,000 was recognized as an equity component. In July 2023, the Group repaid US$7.0 million in principal and amended the promissory note to extend the maturity of the promissory note to July 21, 2025. In addition, to reflect the reverse recapitalization effectuated in April 2023 as disclosed in Note 6(a), the shares the promissory note is convertible into was changed from the ordinary shares of Bitdeer to the Class A ordinary shares of the Group, and the per-share conversion price was adjusted to US$7.3660 from US$0.0632. The extension of the maturity date is accounted for as a debt modification, and a gain from modification of approximately US$481,000 was recognized in earnings. The unamortized discount as of June 30, 2024 and December 31, 2023 was approximately US$265,000 and US$382,000, respectively.[2]The senior secured notes were part of purchase consideration paid for the Norway Acquisition disclosed in Note 6(b). The unamortized premium as of June 30, 2024, was approximately US$93,000.