Bitdeer Technologies Group (NASDAQ:BTDR) Raised to Hold at Zacks Research

Posted by on Jun 4th, 2026

Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

BTDR has been the subject of a number of other research reports. Wall Street Zen lowered Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 2nd. Weiss Ratings raised Bitdeer Technologies Group from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, May 18th. Benchmark dropped their price objective on Bitdeer Technologies Group from $38.00 to $27.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Needham & Company LLC upped their price objective on Bitdeer Technologies Group from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Bitdeer Technologies Group in a research note on Wednesday, May 20th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.50.

Check Out Our Latest Stock Analysis on BTDR

Bitdeer Technologies Group Stock Performance

Shares of BTDR opened at $19.71 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.85 and a debt-to-equity ratio of 1.88. The business has a 50-day simple moving average of $12.52 and a two-hundred day simple moving average of $11.54. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of -5.71 and a beta of 2.45. Bitdeer Technologies Group has a 52 week low of $6.92 and a 52 week high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.21). The company had revenue of $188.93 million during the quarter, compared to analysts’ expectations of $184.02 million. Bitdeer Technologies Group had a negative return on equity of 69.95% and a negative net margin of 68.11%.The business’s quarterly revenue was up 169.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.37) EPS. On average, analysts expect that Bitdeer Technologies Group will post -1.18 EPS for the current year.

Hedge Funds Weigh In On Bitdeer Technologies Group

A number of hedge funds have recently made changes to their positions in BTDR. Empowered Funds LLC bought a new position in Bitdeer Technologies Group during the fourth quarter valued at approximately $34,000. Kestra Advisory Services LLC bought a new position in Bitdeer Technologies Group during the fourth quarter valued at approximately $39,000. Hollencrest Capital Management bought a new position in Bitdeer Technologies Group during the first quarter valued at approximately $43,000. Tower Research Capital LLC TRC boosted its stake in Bitdeer Technologies Group by 7,157.0% during the second quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock valued at $83,000 after buying an additional 7,157 shares during the last quarter. Finally, Leonteq Securities AG bought a new position in Bitdeer Technologies Group during the first quarter valued at approximately $72,000. Institutional investors own 22.25% of the company’s stock.

About Bitdeer Technologies Group

(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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