Bitdeer Technologies Group (NASDAQ:BTDR) Stock Price Up 6.5% – Here’s What Happened

Posted by Francis Steltz on Jun 3rd, 2026

Shares of Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) were up 6.5% during trading on Wednesday . The stock traded as high as $19.95 and last traded at $19.9770. Approximately 6,726,033 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 8,068,738 shares. The stock had previously closed at $18.76.

Wall Street Analysts Forecast Growth

BTDR has been the topic of a number of research reports. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Bitdeer Technologies Group in a report on Wednesday, May 20th. Zacks Research downgraded Bitdeer Technologies Group from a “hold” rating to a “strong sell” rating in a report on Monday, March 16th. B. Riley Financial raised their price objective on shares of Bitdeer Technologies Group from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Weiss Ratings raised Bitdeer Technologies Group from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, May 18th. Finally, HC Wainwright cut their price objective on Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.50.

Check Out Our Latest Stock Report on BTDR

Bitdeer Technologies Group Price Performance

The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of -5.81 and a beta of 2.45. The company has a 50-day moving average price of $12.09 and a 200-day moving average price of $11.45. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.11 and a current ratio of 1.85.

Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by ($0.21). The business had revenue of $188.93 million during the quarter, compared to analyst estimates of $184.02 million. Bitdeer Technologies Group had a negative net margin of 68.11% and a negative return on equity of 69.95%. Bitdeer Technologies Group’s revenue for the quarter was up 169.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.37) earnings per share. On average, equities research analysts expect that Bitdeer Technologies Group will post -1.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTDR. Empowered Funds LLC acquired a new stake in shares of Bitdeer Technologies Group during the 4th quarter worth $34,000. Kestra Advisory Services LLC bought a new stake in shares of Bitdeer Technologies Group during the 4th quarter worth $39,000. Hollencrest Capital Management bought a new stake in shares of Bitdeer Technologies Group during the 1st quarter worth $43,000. Leonteq Securities AG bought a new stake in shares of Bitdeer Technologies Group during the 1st quarter worth $72,000. Finally, Royal Bank of Canada lifted its position in shares of Bitdeer Technologies Group by 80.2% during the 1st quarter. Royal Bank of Canada now owns 9,548 shares of the company’s stock worth $83,000 after buying an additional 4,250 shares during the last quarter. 22.25% of the stock is owned by institutional investors and hedge funds.

Bitdeer Technologies Group Company Profile

(Get Free Report)

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.

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