BIT Capital GmbH Has $1.73 Million Stake in Bitdeer Technologies Group $BTDR

BIT Capital GmbH decreased its stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR) by 71.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 154,278 shares of the company’s stock after selling 392,551 shares during the quarter. BIT Capital GmbH’s holdings in Bitdeer Technologies Group were worth $1,729,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of BTDR. Tower Research Capital LLC TRC grew its position in shares of Bitdeer Technologies Group by 7,157.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock worth $83,000 after buying an additional 7,157 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $159,000. Russell Investments Group Ltd. acquired a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth approximately $191,000. ProShare Advisors LLC grew its position in shares of Bitdeer Technologies Group by 17.4% during the 4th quarter. ProShare Advisors LLC now owns 18,023 shares of the company’s stock worth $202,000 after buying an additional 2,670 shares during the period. Finally, Phoenix Financial Ltd. acquired a new stake in shares of Bitdeer Technologies Group during the 4th quarter worth approximately $227,000. Institutional investors and hedge funds own 22.25% of the company’s stock.

Bitdeer Technologies Group Price Performance

BTDR opened at $17.47 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.85 and a quick ratio of 1.11. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of -5.06 and a beta of 2.45. The firm’s fifty day moving average price is $12.93 and its two-hundred day moving average price is $11.65. Bitdeer Technologies Group has a 1 year low of $6.92 and a 1 year high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.21). The firm had revenue of $188.93 million for the quarter, compared to analysts’ expectations of $184.02 million. Bitdeer Technologies Group had a negative return on equity of 69.95% and a negative net margin of 68.11%.Bitdeer Technologies Group’s revenue was up 169.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.37) earnings per share. As a group, analysts anticipate that Bitdeer Technologies Group will post -1.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on BTDR. HC Wainwright reduced their price objective on shares of Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. 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 reaffirmed a “market perform” rating on shares of Bitdeer Technologies Group in a research report on Wednesday, May 20th. Benchmark reduced their price objective on shares of Bitdeer Technologies Group from $38.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Finally, Zacks Research raised shares of Bitdeer Technologies Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Bitdeer Technologies Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.50.

Bitdeer Technologies Group 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.