Bitdeer Technologies Group (NASDAQ:BTDR) Announces Earnings Results, Meets Estimates

Posted by on Aug 11th, 2026

Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.37) EPS for the quarter, meeting analysts’ consensus estimates of ($0.37), FiscalAI reports. Bitdeer Technologies Group had a negative return on equity of 69.95% and a negative net margin of 68.11%.The business had revenue of $228.78 million during the quarter, compared to analyst estimates of $228.67 million. During the same quarter in the prior year, the company posted ($0.76) EPS. Bitdeer Technologies Group’s quarterly revenue was up 47.0% compared to the same quarter last year.

Here are the key takeaways from Bitdeer Technologies Group’s conference call:

  • Tydal colocation agreement establishes a new AI infrastructure pillar, with Volta contracted for 121 IT megawatts and approximately $4.7 billion in base-term revenue over 16 years. A potential eight-year renewal could raise total contract value to about $8 billion, though the tenant has a termination right after year 10.
  • Bitdeer reported strong operating growth, including 73 EH/s of self-mining capacity, 2,694 Bitcoin produced in the quarter, and AI Cloud annual recurring revenue of approximately $76 million, up 77% sequentially with 95% GPU utilization.
  • Management expects roughly $500 million of remaining Tydal capital expenditure and plans to fund it through project-level debt backed by contracted cash flows. The two delivery phases target December 31, 2026 and March 31, 2027, but execution and commissioning remain key risks.
  • Second-quarter revenue rose 47% year over year to approximately $228.8 million, while adjusted EBITDA increased 575% to $31.1 million; gross loss improved sequentially by $30.5 million as power costs declined and fleet efficiency improved.
  • Bitdeer ended the quarter with a $101.7 million operating loss and used $158.5 million in operating cash, while its $457 million ATM equity raise increased liquidity but also introduced dilution risk. The company also increased full-year crypto-mining infrastructure CapEx guidance to $200 million-$280 million.

Bitdeer Technologies Group Price Performance

BTDR stock opened at $8.69 on Tuesday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.11 and a current ratio of 1.85. The firm has a 50 day moving average price of $14.33 and a 200-day moving average price of $12.31. Bitdeer Technologies Group has a 52-week low of $6.92 and a 52-week high of $27.80. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -2.52 and a beta of 2.50.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in shares of Bitdeer Technologies Group by 2.2% in the third quarter. First Trust Advisors LP now owns 40,138 shares of the company’s stock worth $686,000 after acquiring an additional 878 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Bitdeer Technologies Group by 5.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,800 shares of the company’s stock worth $355,000 after purchasing an additional 1,100 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Bitdeer Technologies Group by 1.3% in the 3rd quarter. Alliancebernstein L.P. now owns 104,787 shares of the company’s stock worth $1,791,000 after purchasing an additional 1,307 shares in the last quarter. Invesco Ltd. boosted its stake in Bitdeer Technologies Group by 3.7% in the 4th quarter. Invesco Ltd. now owns 71,930 shares of the company’s stock worth $806,000 after purchasing an additional 2,597 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in Bitdeer Technologies Group during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 22.25% of the company’s stock.

Trending Headlines about Bitdeer Technologies Group

Here are the key news stories impacting Bitdeer Technologies Group this week:

  • Positive Sentiment: Q2 revenue increased 47% year over year to $228.8 million, narrowly exceeding the $228.7 million analyst consensus. Adjusted EBITDA also improved sharply to $31.1 million from $4.6 million, supported by higher self-mining and co-mining capacity. Bitdeer Q2 results
  • Positive Sentiment: Bitdeer reported significant operating expansion: total hash rate under management reached 86.1 EH/s versus 30.6 EH/s a year earlier, while self-mining revenue rose to $168.4 million. AI Cloud revenue also grew to $14.0 million from $1.3 million. Bitdeer operational update
  • Positive Sentiment: The company highlighted a 16-year, $4.7 billion AI/HPC colocation lease in Tydal, Norway, offering a potential shift toward more predictable, contracted infrastructure revenue. Cash, cash equivalents and restricted cash totaled $496.3 million at quarter-end. Bitdeer Norway AI lease and Q2 results
  • Neutral Sentiment: Although the reported loss of $0.37 per share was better than the year-ago loss of $0.76, it matched consensus expectations rather than delivering a clear earnings surprise. Bitdeer earnings estimates comparison
  • Negative Sentiment: Costs grew faster than sales. Cost of revenue rose to $237.3 million, producing an $8.5 million gross loss compared with a $12.0 million gross profit a year earlier. Net loss widened to $92.3 million from $62.9 million, while adjusted loss expanded to $96.0 million. Bitdeer expanding Q2 losses
  • Negative Sentiment: Investors may also be concerned about $158.5 million in operating cash usage, $1.8 billion in borrowings and sharply higher interest expense. The results suggest that Bitdeer’s rapid mining and AI infrastructure buildout remains capital-intensive and has yet to produce consistent GAAP profitability. Why BTDR stock is down

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BTDR. Zacks Research raised Bitdeer Technologies Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Needham & Company LLC cut their price target on shares of Bitdeer Technologies Group from $22.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday. Cantor Fitzgerald upgraded shares of Bitdeer Technologies Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $15.00 to $18.00 in a report on Wednesday, August 5th. Keefe, Bruyette & Woods reduced their price objective on shares of Bitdeer Technologies Group from $17.00 to $14.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 28th. Finally, B. Riley Financial raised their target price on shares of Bitdeer Technologies Group from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.36.

Check Out Our Latest Report on BTDR

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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Earnings History for Bitdeer Technologies Group (NASDAQ:BTDR)

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