Bitdeer Technologies (BTDR)

• Market cap: $2.49B
• 1 day: -4.59%
• 5 days: -12.55%
• 1 month: -12.13%
• 3 months: 29.65%
• 6 months: -39.39%
• Year to date: -44.56%
• 1 year: 28.73%
• 5 years: 80.37%
• 10 years: 80.37%
• Sector: Technology
• Industry: Software - Application

About: Bitdeer Technologies Group is principally engaged in provision of digital asset mining services. The Company does not conduct any substantive operations on its own but conducts its primary operations through its subsidiaries. Its majority business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway, Bhutan and Singapore.

Employees: 246

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

137% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 19

5% more call options, than puts

Call options by funds: $67.5M | Put options by funds: $64.2M

10.39% less ownership

Funds ownership: 32.8% [Q4 2024] → 22.41% (-10.39%) [Q1 2025]

15% less funds holding

Funds holding: 120 [Q4 2024] → 102 (-18) [Q1 2025]

31% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 45

50% less funds holding in top 10

Funds holding in top 10: 6 [Q4 2024] → 3 (-3) [Q1 2025]

55% less capital invested

Capital invested by funds: $650M [Q4 2024] → $289M (-$360M) [Q1 2025]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $17 34% upside
• Avg. target: $19.75 56% upside
• High target: $24 89% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

Rosenblatt Kevin Cassidy	58% upside $20	Buy Maintained	16 Jun 2025
B. Riley Securities Nick Giles	42% upside $18	Buy Maintained	28 May 2025
Needham John Todaro	34% upside $17	Buy Maintained	16 May 2025
Benchmark Mark Palmer	89% upside $24	Buy Reiterated	12 May 2025