Bitdeer Technologies Group (NASDAQ:BTDR) Shares Up 7.6% – Still a Buy?

Posted by George Bondi on Jul 20th, 2026

Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report)’s stock price was up 7.6% on Monday . The company traded as high as $11.60 and last traded at $11.56. 575,251 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 8,548,727 shares. The stock had previously closed at $10.74.

Analyst Ratings Changes

BTDR has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Bitdeer Technologies Group in a report on Wednesday, May 20th. Zacks Research upgraded shares of Bitdeer Technologies Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Rosenblatt Securities lifted their price target on shares of Bitdeer Technologies Group from $18.00 to $25.00 and gave the company a “buy” rating in a report on Friday, May 15th. Cantor Fitzgerald upped their price objective on shares of Bitdeer Technologies Group from $11.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Finally, Needham & Company LLC lifted their target price on shares of Bitdeer Technologies Group from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.45.

Check Out Our Latest Analysis on Bitdeer Technologies Group

Bitdeer Technologies Group Price Performance

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 firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -3.31 and a beta of 2.47. The company’s fifty day moving average is $15.52 and its two-hundred day moving average is $12.52.

Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.21). Bitdeer Technologies Group had a negative net margin of 68.11% and a negative return on equity of 69.95%. The company had revenue of $188.93 million during the quarter, compared to the consensus estimate of $184.02 million. During the same quarter in the prior year, the company posted ($0.37) EPS. The company’s revenue for the quarter was up 169.5% compared to the same quarter last year. Equities research analysts anticipate that Bitdeer Technologies Group will post -1.18 earnings per share for the current fiscal year.

Institutional Trading of Bitdeer Technologies Group

Hedge funds have recently modified their holdings of the company. Fund Resources Investment Holding Group Co Ltd bought a new position in Bitdeer Technologies Group during the fourth quarter worth about $102,732,000. Bank of America Corp DE boosted its position in Bitdeer Technologies Group by 1,366.7% during the 1st quarter. Bank of America Corp DE now owns 3,227,585 shares of the company’s stock worth $27,919,000 after acquiring an additional 3,007,523 shares during the last quarter. Value Aligned Research Advisors LLC boosted its holdings in Bitdeer Technologies Group by 137.0% during the fourth quarter. Value Aligned Research Advisors LLC now owns 3,267,614 shares of the company’s stock worth $36,630,000 after purchasing an additional 1,888,825 shares during the last quarter. Situational Awareness LP grew its holdings in shares of Bitdeer Technologies Group by 92.4% in the 1st quarter. Situational Awareness LP now owns 3,439,450 shares of the company’s stock valued at $29,751,000 after acquiring an additional 1,651,450 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Bitdeer Technologies Group by 100.1% in the fourth quarter. Van ECK Associates Corp now owns 1,694,193 shares of the company’s stock valued at $18,992,000 after purchasing an additional 847,486 shares in the last quarter. 22.25% of the stock is currently 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.