Bitdeer Technologies

BTDR

Market cap $5.14B

Bitdeer Technologies Group (BTDR) is pivoting from Bitcoin mining to high-performance computing for AI, aiming to reduce dependency on crypto volatility. BTDR has surged over 200% in the past year, but current valuation may have outpaced fundamentals, warranting a Hold rating with a $29 price target. While BTDR is well-positioned for AI and Bitcoin tailwinds, peers like CleanSpark and Iris Energy offer stronger operational metrics and may be better alternatives.

Bitdeer Technologies stock (NASDAQ: BTDR) soared by 29% on October 15 after the announcement of its expansion into data center operations and provisioning. This strategic shift goes beyond the company's conventional Bitcoin mining and high-performance rig sales.

Bitdeer Technologies (BTDR 28.73%), one of a clutch of crypto miners currently diversifying into adjacent business activities, was a white-hot stock on the exchange Wednesday. Its share price zoomed almost 29% higher on the day, thanks to an operational update that was extremely well-received by investors.

Bitdeer Technologies (BTDR) saw a strong rally on Wednesday's session after gaining analyst interest in the software company. As George Tsilis points out, the company is also making moves beyond crypto mining into A.I.

Bitdeer announces bitcoin mining update, AI expansion. Iren closes $1 billion offering, analysts double price targets.

-   Expanding and accelerating HPC/AI strategy across multiple initiatives-   Received confirmation from Clarington, Ohio power utility that all 570 MW of electrical capacity will be available by end of Q3 2026-   Increased self-mining hashrate to 35.0 EH/s on continued deployment of SEALMINERs-   Launched and commenced mass production of SEALMINER A3 series-   Tydal, Norway and Jigmeling, Bhutan sites energization completed-   New power pipeline of 300 MW in Niles, Ohio officially launched in September-   First design of SEAL04 chips taped out and initial testing demonstrated sub-10 J/TH efficiency

-  Increased self-mining hashrate by 35% to 30.0 EH/s on continued deployment of SEALMINERs SINGAPORE, Sept. 12, 2025 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for Bitcoin mining, today announced its unaudited mining and operations updates for August 2025.

SINGAPORE, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for Bitcoin mining, today announced that it issued a notice of cleanup redemption for all $7,700,000 aggregate principal amount outstanding of its 8.50% convertible senior notes due 2029 (the "notes"). The cleanup redemption date will be September 23, 2025. The redemption price with respect to any redeemed note will equal 100% of the principal amount thereof, plus accrued and unpaid interest, from August 15, 2025, to, but excluding the cleanup redemption date. On the cleanup redemption date, the redemption price will become due and payable upon each note to be redeemed and interest thereon will cease to accrue on and after the cleanup redemption date.

Bitdeer's Q2 revenue was a record $155.6 million, marking a 57% year-over-year and 122% sequential increase, driven by external hardware sales. A key driver of top-line growth was $69.5 million in revenue from the external sale of proprietary SEALMINER A2 rigs, proving the vertical integration thesis is working. The headline net loss of $147.7 million was largely driven by non-cash, fair value changes on derivative liabilities, not a direct drain on core business operations.

Bitdeer Technologies Group (BTDR) came out with a quarterly loss of $0.76 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to earnings of $0.03 per share a year ago.