Bitdeer Technologies (BTDR)

• Market cap: $1.94B
• 1 day: -2.84%
• 5 days: -1.34%
• 1 month: 8.38%
• 3 months: -47.33%
• 6 months: 10.25%
• Year to date: -58.15%
• 1 year: 74.32%
• 5 years: 36.13%
• 10 years: 36.13%
• 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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

500% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 6 (+5) [Q4]

419% more capital invested

Capital invested by funds: $125M [Q3] → $649M (+$524M) [Q4]

144% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 25

88% more call options, than puts

Call options by funds: $155M | Put options by funds: $82.2M

43% more funds holding

Funds holding: 84 [Q3] → 120 (+36) [Q4]

15.62% more ownership

Funds ownership: 17.18% [Q3] → 32.8% (+15.62%) [Q4]

8% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 25

Research analyst outlook

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

• Low target: $12 25% upside
• Avg. target: $18.70 95% upside
• High target: $24 151% upside

5 analyst ratings

• positive: 5 100%
• neutral: 0 0%
• negative: 0 0%

Needham John Todaro 32% 1-year accuracy 23 / 71 met price target	36% upside $13	Buy Maintained	21 Apr 2025
Rosenblatt Kevin Cassidy 20% 1-year accuracy 18 / 88 met price target	25% upside $12	Buy Maintained	10 Apr 2025
Roth MKM Darren Aftahi 17% 1-year accuracy 4 / 23 met price target	146% upside $24	Buy Reiterated	26 Feb 2025
Benchmark Mark Palmer 60% 1-year accuracy 43 / 72 met price target	151% upside $24	Buy Maintained	26 Feb 2025
HC Wainwright & Co. Mike Colonnese 20% 1-year accuracy 12 / 61 met price target	119% upside $21	Buy Reiterated	26 Feb 2025