Bitdeer Technologies

BTDR

Market cap $4.25B

In the past two days, bitcoin's highest conviction holders have sold about $2.4 billion in bitcoin. Of the bitcoin sold in the past 30 days, 26% came from investors who bought it above $90,000.

Bitcoin prices fell this week after cryptocurrency treasury company Strategy revealed it sold a small amount of its bitcoin holding. Traders on prediction market Kalshi think it's likely that the cryptocurrency will fall below $60,000, which would mark a new low in 2026.

FOX CREEK, Alberta, June 02, 2026 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR), a world-leading technology company for artificial intelligence (AI) and Bitcoin mining infrastructure, today broke ground on a new vertically integrated energy and high-performance computing facility near Fox Creek, Alberta, pairing a 101 MW natural gas power plant with a data centre offering approximately 100 MW of computing capacity. The ceremony was attended by Bitdeer's senior leadership, Alberta Cabinet Ministers, the Mayor of the Town of Fox Creek, and the Reeve of the Municipal District of Greenview No.

SINGAPORE, June 01, 2026 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for AI and Bitcoin mining infrastructure, today announced the launch of its latest hydro-cooling mining machine, the SEALMINER DL1 Hydro. Designed for Scrypt algorithm mining, the DL1 Hydro integrates Bitdeer's proprietary ASIC technology with a hydro-cooling thermal management system.

Short sellers are piling into a wide-ranging group of names, with the latest Benzinga Pro data showing elevated bearish positioning across 10 stocks spanning energy, crypto, AI and enterprise software.

Bitdeer demonstrates robust operational growth, with vertical integration driving hashrate, Bitcoin production, and AI cloud ARR expansion despite headline GAAP losses. Q1 revenue surged 170% YoY to $188.9 million. While self-mining revenue and fleet efficiency improved, non-cash charges and aggressive depreciation weighed on margins. AI Cloud ARR accelerated from ~$10 million in January to over $69 million post-Q1, with GPU utilization hitting 94%, signaling strong future revenue potential.

Bitdeer Technologies Group (NASDAQ:BTDR) posted mixed results for the first quarter on Thursday.

The Senate Banking Committee approved the Clarity Act in a bipartisan vote. But some issues are still up for debate.

Bitdeer Technologies Group (BTDR) Q1 2026 Earnings Call Transcript

Although the revenue and EPS for BITDEER TEC GRP (BTDR) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.