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TAXATION (Q2) (Tables) | 6 Months Ended | 12 Months Ended
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Jun. 30, 2023 | Dec. 31, 2022
TAXATION |  |
Summary of provisions for income taxes |
| ​ | ​ | Periods ended June 30,
In thousands of USD | ​ | ​ | 2022 | ​ | ​ | 2023
Current income tax expenses | ​ | ​ | 6,132 | ​ | ​ | 939
Deferred income tax expenses / (benefit) | ​ | ​ | 1,843 | ​ | ​ | (3,746)
Total | ​ | ​ | 7,975 | ​ | ​ | (2,807)
| ​ | ​ | Years ended December 31,
In thousands of USD | ​ | ​ | 2020 | ​ | ​ | 2021 | ​ | ​ | 2022
Current income tax expenses | ​ | ​ | 52 | ​ | ​ | 13,125 | ​ | ​ | (8,244)
Deferred income tax (benefit) / expenses | ​ | ​ | (8,013) | ​ | ​ | 35,121 | ​ | ​ | 3,844
Total | ​ | ​ | (7,961) | ​ | ​ | 48,246 | ​ | ​ | (4,400)
Summary of deferred tax assets / (liabilities) |
In thousands of USD | ​ | ​ | At December 31, 2022 | ​ | ​ | At June 30, 2023
Deferred tax assets | ​ | ​ |  | ​ | ​ |
Net operating losses | ​ | ​ | 4,324 | ​ | ​ | 3,752
Share-base payments | ​ | ​ | 2,672 | ​ | ​ | 3,075
Deferred revenue | ​ | ​ | — | ​ | ​ | 1,796
Property, plant and equipment, intangible assets and right-of-use assets | ​ | ​ | 533 | ​ | ​ | 545
In thousands of USD | ​ | ​ | At December 31, 2022 | ​ | ​ | At June 30, 2023
Total deferred tax assets | ​ | ​ | 7,529 | ​ | ​ | 9,168
Set-off of deferred tax positions relate to income taxes levied by the same tax authority | ​ | ​ | (2,672) | ​ | ​ | (4,952)
Deferred tax assets | ​ | ​ | 4,857 | ​ | ​ | 4,216
Deferred tax liabilities | ​ | ​ |  | ​ | ​ |
Property, plant and equipment | ​ | ​ | (14,298) | ​ | ​ | (12,191)
Set-off of deferred tax positions relate to income taxes levied by the same tax authority | ​ | ​ | 2,672 | ​ | ​ | 4,952
Deferred tax liabilities | ​ | ​ | (11,626) | ​ | ​ | (7,239)
Net deferred tax liabilities | ​ | ​ | (6,769) | ​ | ​ | (3,023)
| ​ | ​ | At December 31,
In thousands of USD | ​ | ​ | 2021 | ​ | ​ | 2022
Deferred tax assets | ​ | ​ |  | ​ | ​ |
Net operating losses | ​ | ​ | 4,362 | ​ | ​ | 4,324
Share-based payments | ​ | ​ | — | ​ | ​ | 2,672
Property, plant and equipment and intangible assets | ​ | ​ | 260 | ​ | ​ | 533
Total deferred tax assets | ​ | ​ | 4,622 | ​ | ​ | 7,529
Set-off of deferred tax positions relate to income taxes levied by the same tax authority | ​ | ​ | — | ​ | ​ | (2,672)
Deferred tax assets | ​ | ​ | 4,622 | ​ | ​ | 4,857
Deferred tax liabilities | ​ | ​ |  | ​ | ​ |
Property, plant and equipment | ​ | ​ | (7,547) | ​ | ​ | (14,298)
Set-off of deferred tax positions relate to income taxes levied by the same tax authority | ​ | ​ | — | ​ | ​ | 2,672
Deferred tax liabilities | ​ | ​ | (7,547) | ​ | ​ | (11,626)
Net deferred tax assets / (liabilities) | ​ | ​ | (2,925) | ​ | ​ | (6,769)
Summary of movements in the net deferred tax assets |
In thousands of USD | ​ | ​ | January 1, 2022 | ​ | ​ | Recognized in profit or loss | ​ | ​ | June 30, 2022
Tax losses carried forward | ​ | ​ | 4,362 | ​ | ​ | (2,835) | ​ | ​ | 1,527
Share-based payments | ​ | ​ | — | ​ | ​ | 2,111 | ​ | ​ | 2,111
Property, plant and equipment | ​ | ​ | (7,287) | ​ | ​ | (1,119) | ​ | ​ | (8,406)
Net deferred tax liabilities | ​ | ​ | (2,925) | ​ | ​ | (1,843) | ​ | ​ | (4,768)
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)
In thousands of USD | ​ | ​ | January 1, 2020 | ​ | ​ | Recognized in profit or loss | ​ | ​ | Charged to invested capital(1) | ​ | ​ | December 31, 2020
Tax losses carried forward | ​ | ​ | 19,292 | ​ | ​ | 2,015 | ​ | ​ | 2,285 | ​ | ​ | 23,592
Accrued expenses | ​ | ​ | 704 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 704
Property, plant and equipment | ​ | ​ | (192) | ​ | ​ | 5,998 | ​ | ​ | — | ​ | ​ | 5,806
Net deferred tax assets | ​ | ​ | 19,804 | ​ | ​ | 8,013 | ​ | ​ | 2,285 | ​ | ​ | 30,102
In thousands of USD | ​ | ​ | January 1, 2021 | ​ | ​ | Recognized in profit or loss | ​ | ​ | Charged to invested capital(1) | ​ | ​ | December 31, 2021
Tax losses carried forward | ​ | ​ | 23,592 | ​ | ​ | (21,324) | ​ | ​ | 2,094 | ​ | ​ | 4,362
Accrued expenses | ​ | ​ | 704 | ​ | ​ | (704) | ​ | ​ | — | ​ | ​ | —
Property, plant and equipment | ​ | ​ | 5,806 | ​ | ​ | (13,093) | ​ | ​ | — | ​ | ​ | (7,287)
Net deferred tax assets / (liabilities) | ​ | ​ | 30,102 | ​ | ​ | (35,121) | ​ | ​ | 2,094 | ​ | ​ | (2,925)
In thousands of USD | ​ | ​ | January 1, 2022 | ​ | ​ | Recognized in profit or loss | ​ | ​ | Charged to invested capital(1) | ​ | ​ | December 31, 2022
Tax losses carried forward | ​ | ​ | 4,362 | ​ | ​ | (38) | ​ | ​ | — | ​ | ​ | 4,324
Share-based payments | ​ | ​ | — | ​ | ​ | 2,672 | ​ | ​ | — | ​ | ​ | 2,672
Property, plant and equipment | ​ | ​ | (7,287) | ​ | ​ | (6,478) | ​ | ​ | — | ​ | ​ | (13,765)
Net deferred tax liabilities | ​ | ​ | (2,925) | ​ | ​ | (3,844) | ​ | ​ | — | ​ | ​ | (6,769)
(1) | Deferred tax assets charged to invested capital is due to the Group recognizing deferred tax assets related to tax losses carried forward based on the tax losses available to the individual legal entities within the Group during the Carve-out Period, which creates differences between the income tax benefit or expense determined based on the operation results of the Bitdeer Business.
Summary of gross value of unused tax losses |
Tax Jurisdiction | ​ | ​ | Amount in thousands of USD | ​ | ​ | Earliest year of expiration if not utilized
Singapore | ​ | ​ | 3,300 | ​ | ​ | Indefinitely
Hong Kong | ​ | ​ | 4,661 | ​ | ​ | Indefinitely
United States | ​ | ​ | 70,558 | ​ | ​ | Indefinitely
Norway | ​ | ​ | 17,704 | ​ | ​ | Indefinitely
Total | ​ | ​ | 96,223 | ​ | ​ |
Tax Jurisdiction | ​ | ​ | Amount in thousands of USD | ​ | ​ | Earliest year of expiration if not utilized
Singapore | ​ | ​ | 3,555 | ​ | ​ | Indefinitely
Hong Kong | ​ | ​ | 4,694 | ​ | ​ | Indefinitely
United States | ​ | ​ | 88,438 | ​ | ​ | Indefinitely
Total | ​ | ​ | 96,687 | ​ | ​ |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References No definition available. + Details
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- Definition Tabular disclosure of gross value of unused tax losses. + References No definition available. + Details
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- Definition The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
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- Definition The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2023-01-01 -Paragraph 81 -Subparagraph g -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=12&code=ifrs-tx-2023-en-r&anchor=para_81_g&doctype=Standard -URIDate 2023-03-23 + Details
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