Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) had its price objective dropped by stock analysts at Needham & Company LLC from $22.00 to $20.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target points to a potential upside of 130.15% from the stock’s current price.
Several other research analysts have also commented on BTDR. Cantor Fitzgerald upgraded shares of Bitdeer Technologies Group from a “neutral” rating to an “overweight” rating and raised their price target for the company from $15.00 to $18.00 in a report on Wednesday, August 5th. Zacks Research upgraded shares of Bitdeer Technologies Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised shares of Bitdeer Technologies Group from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Keefe, Bruyette & Woods decreased their price target on shares of Bitdeer Technologies Group from $17.00 to $14.00 and set a “market perform” rating for the company in a research report on Tuesday, July 28th. Finally, B. Riley Financial increased their price target on Bitdeer Technologies Group from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, May 15th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Bitdeer Technologies Group presently has an average rating of “Moderate Buy” and an average target price of $25.36.
Bitdeer Technologies Group Stock Performance
Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported ($0.37) earnings per share for the quarter. Bitdeer Technologies Group had a negative net margin of 68.11% and a negative return on equity of 69.95%. The firm had revenue of $228.78 million during the quarter. As a group, research analysts forecast that Bitdeer Technologies Group will post -1.54 earnings per share for the current year.
Institutional Investors Weigh In On Bitdeer Technologies Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fund Resources Investment Holding Group Co Ltd purchased a new position in Bitdeer Technologies Group in the 4th quarter valued at about $102,732,000. Bank of America Corp DE increased its position in shares of Bitdeer Technologies Group by 1,366.7% during the first 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 increased its position in shares of 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 acquiring an additional 1,888,825 shares during the last quarter. Situational Awareness LP lifted its stake in shares of Bitdeer Technologies Group by 92.4% in the first quarter. Situational Awareness LP now owns 3,439,450 shares of the company’s stock worth $29,751,000 after acquiring an additional 1,651,450 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of 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 worth $18,992,000 after acquiring an additional 847,486 shares in the last quarter. Hedge funds and other institutional investors own 22.25% of the company’s stock.
Key Headlines Impacting 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
Bitdeer Technologies Group Company Profile
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.
Featured Articles
- Five stocks we like better than Bitdeer Technologies Group
- 3 Overlooked Stocks Analysts Still Like as AI Trades Get Crowded
- China’s Athleisure Boom Is Not Lifting Every Brand Equally
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
Receive News & Ratings for Bitdeer Technologies Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bitdeer Technologies Group and related companies with MarketBeat.com's FREE daily email newsletter.
