BTDR

Aug 11, 12:05 PMNeedham cuts Bitdeer (BTDR) price target to $20 from $22, keeps Buy on AI/HPC pipeline visibility concerns

Peers: CIFR CORZ MARA RIOT CLSK HIVE HUT BTBT IREN WULF

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Index	RUT
Market Cap	2.47B
Enterprise Value	3.93B
Income	-447.95M
Sales	812.26M
Book/sh	4.06
Cash/sh	1.82
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	0.00%
Employees	471
IPO	Jul 28, 2021

P/E	-
Forward P/E	-
PEG	-
P/S	3.04
P/B	2.24
P/C	5.01
P/FCF	-
EV/EBITDA	52.00
EV/Sales	4.84
Quick Ratio	1.01
Current Ratio	1.01
Debt/Eq	1.77
LT Debt/Eq	1.29
Option/Short	Yes / Yes

EPS (ttm)	-2.07
EPS next Y	-0.14
EPS next Q	-0.32
EPS this Y	-58.93%
EPS next Y	90.72%
EPS next 5Y	-8.27%
EPS past 3/5Y	- -18.95%
Sales past 3/5Y	- 11.97%
EPS Y/Y TTM	6.87%
Sales Y/Y TTM	127.68%
EPS Q/Q	50.81%
Sales Q/Q	47.05%
Earnings	Aug 10 BMO
EPS/Sales Surpr.	-7.00% 0.05%

Insider Own	46.00%
Insider Trans	0.02%
Inst Own	47.68%
Inst Trans	34.63%
ROA	-16.33%
ROE	-49.51%
ROIC	-17.74%
Gross Margin	0.47%
Oper. Margin	-29.95%
Profit Margin	-55.15%
SMA20	-14.73%
SMA50	-34.30%
SMA200	-28.17%
Trades

Shs Outstand	227.38M
Shs Float	131.39M
Short Float	44.08%
Short Ratio	5.13
Short Interest	57.92M
52W High	27.80 -67.27%
52W Low	6.92 31.58%
Volatility	12.65% 11.27%
ATR (14)	1.29
RSI (14)	37.46
Beta	2.46
Rel Volume	0.28
Avg Volume	11.30M
Volume	157,473

Perf Week	-13.50%
Perf Month	-27.61%
Perf Quarter	-31.16%
Perf Half Y	-24.10%
Perf YTD	-18.82%
Perf Year	-34.91%
Perf 3Y	-27.66%
Perf 5Y	-6.84%
Perf 10Y	-
Recom	1.17
Target Price	22.50
Prev Close	9.02
Price	9.10
Change %	0.89%

Date	Action	Analyst	Rating Change	Price Target Change
Aug-05-26	Upgrade	Cantor Fitzgerald	Neutral → Overweight	$18
Jun-24-26	Initiated	Citizens	Mkt Outperform	$35
Apr-09-26	Downgrade	Cantor Fitzgerald	Overweight → Neutral	$10
Jan-27-26	Downgrade	Keefe Bruyette	Outperform → Mkt Perform	$14
Apr-21-25	Reiterated	Needham	Buy	$15 → $13
Mar-19-25	Reiterated	Needham	Buy	$18 → $15
Jan-27-25	Initiated	Keefe Bruyette	Outperform	$26.50
Oct-09-24	Initiated	Northland Capital	Outperform	$13
Oct-08-24	Initiated	Alliance Global Partners	Buy	$14
Aug-14-24	Resumed	Rosenblatt	Buy	$9
Jun-11-24	Initiated	Cantor Fitzgerald	Overweight	$13
Apr-15-24	Initiated	Needham	Buy	$14
Apr-09-24	Initiated	Rosenblatt	Buy	$10.50
Mar-14-24	Initiated	The Benchmark Company	Buy	$13
Mar-13-24	Initiated	BTIG Research	Buy	$15
Mar-12-24	Initiated	B. Riley Securities	Buy	$9
Feb-29-24	Initiated	ROTH MKM	Buy	$14
Sep-06-23	Initiated	H.C. Wainwright	Buy	$20

Show Previous Ratings

Aug-11-26 02:59PM	Benchmark keeps Bitdeer at Buy with $22 target as mining funds AI buildout (Blockspace)
11:01AM	Needham cuts Bitdeer target to $20 as AI/HPC pipeline visibility narrows (Blockspace)
12:45AM	Bitdeer Stock Craters 20% Following Wider Second-Quarter Net Loss (BeInCrypto)
Aug-10-26 03:53PM	KEEL Q2 Earnings, Bitdeer Q2 Earnings, SP 500 Earnings Growth is Up 50% (Blockspace) -20.08%
03:00PM	Bitdeer Technologies Group (BTDR) (Q2 2026) Earnings Call Highlights: Record Hash Rate Growth ... (GuruFocus.com)
10:22AM	Loading…
10:22AM	Bitdeer shares edge higher despite Q2 earnings and revenue miss (InvestorsHub)
09:34AM	Bitdeer Q2 revenue rises 47% to $228.8 million as net loss widens (Blockspace)
07:00AM	Bitdeer Reports Unaudited Financial Results for the Second Quarter of 2026 (GlobeNewswire)
05:17AM	Anthropic Locks In $10B European Compute Bet With a Seven-Month-Old Startup (Forkast News)
Aug-09-26 07:14AM	3 Crypto Earnings to Watch This Week After Q1 Losses (BeInCrypto)
Aug-07-26 06:11PM	Weekly Wrap: Bitcoin Hit By Coldcard Hack And Clarity Act Disappointment (CryptoProwl) -20.08%
Aug-06-26 03:38PM	Bitdeer Secures $4.7 Billion A.I. Data Centre Lease (CryptoProwl)
Aug-05-26 10:21AM	Needham lifts Bitdeer target to $22 after $4.7 billion Tydal lease (Blockspace)
08:04AM	Volta secures $10bn AI lab partnership, $5bn infrastructure programme (Verdict)
Aug-04-26 05:02PM	Bitdeer lands $4.7B AI deal in Norway, and Anthropic might be involved (Blockspace)
03:48PM	Loading…
03:48PM	Anthropic signs $10B deal with AI cloud startup Volta (TechCrunch)
02:06PM	Anthropic signs $10 billion computing deal with Volta Infra (Quartz)
11:58AM	Anthropic inks $10B computing deal with Nvidia-backed Volta Infra (Proactive)
10:38AM	AI cloud startup Volta valued at $2.4 billion, announces $10 billion AI partnership (Reuters)
10:22AM	BTDR Stock Rallies After Landing $4.7B AI Infrastructure Contract In Norway (Stocktwits)
09:27AM	Bitdeers Norway site possible location of Anthropic $10 billion compute deal: Bloomberg (Blockspace)
09:27AM	Anthropic signs $10 billion Norway compute deal using Bitdeer site: Bloomberg (Blockspace)
08:55AM	Anthropic secures compute power in multi-billion dollar Norway data center deal (Investing.com)
08:37AM	Bitdeer signs $4.7 billion lease for 121 MW Norway AI campus (Blockspace)
08:00AM	Bitdeer Announces $4.7 Billion, 16-Year AI/HPC Data Center Lease for Tydal, Norway Campus (GlobeNewswire)
08:00AM	Anthropic Inks $10 Billion Computing Deal With New Cloud Startup (Bloomberg)
07:00AM	Nvidia, Dell Back AI Cloud Startup Volta at $2.4 Billion Value (Bloomberg)
Aug-01-26 12:30AM	Bitdeer Announces Second Quarter 2026 Earnings Conference Call for August 10th 2026 (GlobeNewswire)
Jul-31-26 12:20PM	The bitcoin-per-share dilution trap explained (Yahoo Finance Video) -5.23%
07:43AM	Active Energy CEO: "Our ambition has become much bigger than one project" in UAE (Proactive)
02:29AM	Loading…
Jul-30-26 02:29AM	Active Energy Group highlights UAE opportunities (Proactive) +24.72%
Jul-21-26 12:38PM	BTDR Stock Jumps As Bitdeer Pulls Further Ahead Of Cipher In Bitcoin Mining (Stocktwits) +9.76%
10:45AM	Bitdeer Bitcoin Output Jumps 388% as AI Cloud Utilization Hits 95% (CryptoProwl)
09:54AM	Bitdeers June bitcoin production rises 388% as Malaysia AI cloud capacity expands (Blockspace)
07:00AM	Bitdeer Announces June 2026 Production and Operations Update (GlobeNewswire)
Jul-09-26 04:26PM	BTDR Stock Soars 15% Bitdeers $36M Nevada Factory Expands Its AI And Bitcoin Ambitions (Stocktwits) +14.09% -7.26%
10:53AM	Bitdeer Brings SEALMINER Production to U.S. With $36M Nevada Plant (CryptoProwl)
07:00AM	Bitdeer to Open $36 Million Advanced Tech Manufacturing Facility in Sparks, Bringing 70 High-Tech Jobs to Nevada (GlobeNewswire)
Jul-07-26 09:46AM	Bitdeer Launches New Crypto Mining Rig (CryptoProwl) -9.65%
Jul-06-26 05:55AM	Bitcoin Miners Want To Be AI Landlords. Four Companies Making It Work. (Barrons.com)
Jun-29-26 05:13PM	Bitdeer inks first major AI deal for its Tydal, Norway site (Blockspace) -7.52%
03:39PM	Bitdeer signs colocation lease for Tydal, Norway AI data center (Blockspace)
10:12AM	Bitdeer Shares Advance on Norway AI Data Centre Lease Agreement (BTDR) (InvestorsHub)
07:00AM	Bitdeer Technologies Group Signs Colocation Lease Agreement for Tydal, Norway AI Data Center Site (GlobeNewswire)
Jun-25-26 08:00AM	Sphere 3D Enters 30 MW Co-Mining Agreements with Bitdeer, Monetizing Power Assets While Advancing AI Infrastructure Evaluation (Newsfile) -6.45%
Jun-24-26 09:31AM	BlackBerry, Take-Two initiations among today's top calls on Wall Street (The Fly)
07:27AM	MARA, CLSK, BTDR Draw Bullish Calls: Bitcoin Miners Are Becoming AI Landlords, And This Analyst Believes Market Hasnt Priced It In Yet (Stocktwits)
Jun-21-26 03:27AM	Bitdeer Mines 921 BTC as Smaller Bitcoin Stash Raises AI Pivot Question (CryptoProwl)
Jun-19-26 03:45AM	Metalla Royalty and 4 More Stocks See Action From Activist Investors (Barrons.com)
Jun-18-26 07:00AM	Bitdeer Announces May 2026 Production and Operations Update (GlobeNewswire)
Jun-02-26 08:00AM	Bitdeer breaks ground on new energy and digital infrastructure facility in Alberta, Canada (GlobeNewswire)
Jun-01-26 08:00AM	Bitdeer Launches SEALMINER DL1 Hydro Achieving 52.5 GH/s and 149 J/GH Power Efficiency (GlobeNewswire) +5.83%
May-27-26 02:13PM	Bitdeer Technologies Names New CFO (CryptoProwl)
May-18-26 02:00PM	Bhutan denies claims that it sold $1 billion in bitcoin (Yahoo Finance Video)
May-14-26 07:03PM	Bitdeer Technologies Group (BTDR) Q1 2026 Earnings Call Highlights: Record Bitcoin Mining ... (GuruFocus.com) +11.57% -9.49%
05:00PM	Bitdeer Technologies Group Q1 2026 Earnings Call Summary (Moby)
07:00AM	Bitdeer Reports Unaudited Financial Results for the First Quarter of 2026 (GlobeNewswire)
May-12-26 10:54AM	Bitdeer Reports 783 Bitcoin Mined in April as AI Cloud Momentum Builds (CryptoProwl)
07:00AM	Bitdeer Announces April 2026 Production and Operations Update (GlobeNewswire)
May-01-26 12:50PM	Bitdeer Announces First Quarter 2026 Earnings Conference Call for May 14th 2026 (GlobeNewswire)
Apr-16-26 08:02PM	Public Bitcoin Miners Sold Record BTC in Q1 (CryptoProwl)
Apr-15-26 02:15PM	Bitdeer Technologies Self-Mined Bitcoin Increased 480% In March (CryptoProwl) +5.35%
07:30AM	Bitdeer Announces March 2026 Production and Operations Update (GlobeNewswire)
Apr-09-26 03:40PM	Bitcoin miners are losing money minting coins. It's the same problem that killed the penny. (MarketWatch)
Apr-07-26 08:30AM	Bitdeer Launches SEALMINER A4 Series Bitcoin Mining Rigs, Achieves a Power Efficiency of 9.45 J/TH (GlobeNewswire)
Mar-30-26 03:00AM	Bitdeer Engages DCI to Finalise Development of Norway's Largest AI Data Center (GlobeNewswire) -5.85%
Mar-16-26 10:54AM	Bitdeers Bitcoin Mining Production Rose 541% In February (CryptoProwl) +9.33%
08:30AM	Bitdeer Launches SEALMINER DL1 Air: Achieving 149 J/GH Power Efficiency and 25 GH/s for Scrypt Mining (GlobeNewswire)
08:00AM	Bitdeer Announces February 2026 Production and Operations Update (GlobeNewswire)
Mar-04-26 02:30AM	Bitdeer Technologies Group (BTDR) Revenue Beats Estimates Despite EBITDA Shortfall (Insider Monkey)
Feb-27-26 05:00PM	Southwest Airlines, ZoomInfo, Bitdeer, and More Stocks See Activist Action (Barrons.com)
Feb-24-26 04:36PM	Cipher Rebrand Centers On HPC, Misses Views In Busy Crypto Earnings Week (Investor's Business Daily)
11:00AM	Bitcoin price drops below $63,000 as miners move to sell bitcoin for AI pivots (Blockspace)
09:56AM	Cipher rebrands to Cipher Digital, plans to sell Bitcoin treasury (Blockspace)
03:19AM	Bitcoin Heads for Worst Month Since Crypto Collapse of June 2022 (Bloomberg)
Feb-23-26 04:49PM	Crypto Industry Readies For Busy Earnings Week; Miner Sells Bitcoin Holdings (Investor's Business Daily)
11:51AM	Popular Bitcoin miner sells entire treasury (TheStreet)
05:46AM	Bitdeers $62m Bitcoin liquidation not a concern as miner eyes land acquisitions (DLNews)
02:49AM	Bitdeer Liquidates Entire Bitcoin Treasury as Mining Margins Tighten Will Other Crypto Miners Follow in 2026? (CCN)
Feb-22-26 08:55AM	Bitdeer Sells Entire Bitcoin Stash as Mining Profits Near Record Lows (BeInCrypto)
Feb-20-26 09:52AM	Bitdeer prices upsized $325 million debt offering to fund AI/HPC expansion (Blockspace)
07:00AM	Bitdeer Announces Pricing of Upsized US$325.0 Million Convertible Senior Notes Offering (GlobeNewswire)
07:00AM	Bitdeer Announces Pricing of Registered Direct Offering of 5,503,030 Class A Ordinary Shares (GlobeNewswire)
Feb-19-26 04:36PM	Clarity Act Odds Briefly Spike; Bitcoin Miner Tumbles On AI Funding Plan (Investor's Business Daily) -17.38%
12:58PM	Why Is Bitdeer Stock Falling Thursday? (Benzinga)
10:08AM	Bitdeer drops 15% following proposes $300 million convertible senior notes offering (Blockspace)
07:00AM	Bitdeer Announces Proposed Registered Direct Offering of Class A Ordinary Shares (GlobeNewswire)
07:00AM	Bitdeer Announces Proposed Private Placement of US$300.0 Million of Convertible Senior Notes (GlobeNewswire)
Feb-18-26 12:19PM	JPMorgan announces Bitcoin mining leader (TheStreet)
Feb-17-26 11:31PM	Roth Capital is Bullish on Bitdeer Technologies Group (BTDR) (Insider Monkey) -5.95%
03:35PM	Bitcoin Miner Bitdeer Overtakes MARA, Establishing Hash Rate Lead: JPMorgan (decrypt)
Feb-16-26 09:59AM	Bitdeers Ohio Headache, Bitcoins historic difficulty adjustment, fixing Bitcoins quantum conundrum: Blockspace Recap (Blockspace)
Feb-14-26 12:21AM	Bitdeers Clarington Lawsuit, $IRENs MSCI Index Listing, and Bitcoins Quantum Step (Blockspace)
Feb-12-26 02:02PM	Bitdeer Technologies Group (BTDR) Q4 2025 Earnings Call Highlights: Record Revenue Growth ... (GuruFocus.com) -13.51%
12:32PM	Bitdeer Technologies Group Q4 2025 Earnings Call Summary (Moby)
10:35AM	Bitdeer Q4 earnings: BTDR revenue triples as total hashrate hits 71 EH/s (Blockspace)
10:34AM	Bitdeer Technologies Group Q4 Earnings Call Highlights (MarketBeat)
10:00AM	BITDEER TEC GRP (BTDR) Reports Q4 Earnings: What Key Metrics Have to Say (Zacks)
08:15AM	Bitdeer Technologies Group (BTDR) Reports Q4 Loss, Beats Revenue Estimates (Zacks)
07:00AM	Bitdeer Reports Unaudited Financial Results for the Fourth Quarter and Full Year of 2025 (GlobeNewswire)

Bitdeer Technologies Group engages in the cryptocurrency mining industry. It generates income through its proprietary mining datacenters. The firm handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The company was founded by Wu Jihan in December 2021 and is headquartered in Singapore.

FounderMr. Jihan Wu

Chief Financial OfficerMr. Michael G. Potter

Chief Technology OfficerMs. Yuling Ma

General CounselAlexia Wang

Vice President of Sales & MarketingXiaojun Fan

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Potter Michael G	Chief Financial Officer	Aug 12 '26	Buy	9.04	25,000	226,000	25,000	Aug 13 06:53 AM

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Bitdeer Technologies Group

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