Bitdeer Technologies Group (NASDAQ:BTDR) Issues Earnings Results

Bitdeer Technologies Group (NASDAQ:BTDR) released its quarterly earnings results on Thursday. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.59), Briefing.com reports. The company had revenue of $224.84 million for the quarter, compared to analyst estimates of $208.25 million. Bitdeer Technologies Group had a negative return on equity of 91.31% and a negative net margin of 115.59%.The business’s revenue was up 225.8% on a year-over-year basis.

Here are the key takeaways from Bitdeer Technologies Group’s conference call:

• Q4 revenue reached $224.8 million (up ~226% YoY, +33% sequentially) and adjusted EBITDA was $31.2 million, with management attributing growth to SealMiner deployments.
• Self-mining capacity ramped materially — exiting January at >63 EH/s — while mass production of the SEALMINER A3 is underway and the SEAL04-1 chip is taped out, driving fleet efficiency improvement (17.5 J/TH and expected to improve further).
• Bitdeer is prioritizing AI/HPC colocation across a global power portfolio with ~1.66 GW online and a 3 GW pipeline, highlighting near-term opportunities at Tydal (225 MW, low PUE ~1.1), Clarington (570 MW) and Rockdale.
• Profitability and liquidity pressures emerged as gross margin fell to 4.7% and adjusted net loss widened to $82.6M; net cash used in operating activities was $599.5 million, driven by higher electricity, increased headcount and materially higher depreciation after shortening rig useful life to three years.
• Development at the large Clarington site faces active litigation that could delay construction/timing; management says it has a strong defense but the legal process introduces execution risk.

Bitdeer Technologies Group Stock Down 11.1%

Bitdeer Technologies Group stock traded down $1.33 during midday trading on Thursday, reaching $10.66. The company’s stock had a trading volume of 4,508,932 shares, compared to its average volume of 5,766,542. The company has a quick ratio of 0.74, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. Bitdeer Technologies Group has a fifty-two week low of $6.84 and a fifty-two week high of $27.80. The company has a market cap of $2.26 billion, a P/E ratio of -1.90 and a beta of 2.33. The business has a 50-day simple moving average of $12.33 and a 200-day simple moving average of $14.82.

Hedge Funds Weigh In On Bitdeer Technologies Group

Several hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC acquired a new stake in Bitdeer Technologies Group during the 4th quarter worth $34,000. Tower Research Capital LLC TRC grew its position in Bitdeer Technologies Group by 7,157.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock valued at $83,000 after buying an additional 7,157 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Bitdeer Technologies Group during the third quarter worth about $159,000. Franklin Resources Inc. purchased a new position in shares of Bitdeer Technologies Group during the 4th quarter worth approximately $173,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Bitdeer Technologies Group during the 3rd quarter worth $191,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BTDR has been the subject of a number of recent research reports. UBS Group reiterated a “buy” rating on shares of Bitdeer Technologies Group in a research report on Thursday. Roth Mkm reissued a “buy” rating and issued a $40.00 target price on shares of Bitdeer Technologies Group in a research note on Wednesday, October 15th. Benchmark lowered their target price on Bitdeer Technologies Group from $38.00 to $27.00 and set a “buy” rating on the stock in a report on Tuesday. HC Wainwright cut their price target on Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday. Finally, Rosenblatt Securities reduced their price target on Bitdeer Technologies Group from $30.00 to $18.00 and set a “buy” rating on the stock in a report on Monday. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Bitdeer Technologies Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.40.

Key Bitdeer Technologies Group News

Here are the key news stories impacting Bitdeer Technologies Group this week:

• Positive Sentiment: Very strong top‑line growth — Q4 revenue jumped year‑over‑year to roughly $224.8M (and full‑year revenue to ~$620.3M), beating consensus and demonstrating rapid scale-up of self‑mining and SEALMINER deployments. Read More.
• Positive Sentiment: GAAP net profit and positive adjusted EBITDA — the company reported a Q4 net profit (~$70.5M) and adjusted EBITDA of ~$31.2M, signaling operating progress versus prior year losses (many of the GAAP gains reflect non‑cash derivative revaluations). Read More.
• Neutral Sentiment: Strategic shift toward AI infrastructure and colocation — management emphasized accelerating a dual‑track strategy (self‑mining + AI colocation / GPU services), which could be a longer‑term growth catalyst but will require execution and capital. Read More.
• Neutral Sentiment: Strong operational scale — big increases in managed hash rate, rigs deployed, and bitcoin mined enhance revenue visibility for the mining business, but they raise electricity/depreciation expense and capex needs. Read More.
• Positive Sentiment: Analyst interest remains — multiple buy ratings and mid‑to‑high price targets exist (median targets reported well above current levels), which supports upside if management delivers on execution. Read More.
• Negative Sentiment: EPS/diluted loss surprised the market — the company reported a diluted EPS figure that missed analyst expectations (reported diluted EPS -$0.73 vs. consensus ~- $0.14), which appears to have triggered near‑term selling pressure. Read More.
• Negative Sentiment: Large operating cash burn and tighter liquidity — net cash used in operating activities was substantial (~$599.5M for Q4), cash and equivalents declined materially to ~$149.4M year‑end, and total borrowings/derivative liabilities are sizable; these raise near‑term liquidity and financing risk concerns. Read More.
• Negative Sentiment: Analyst downgrade / pessimistic forecast added pressure — at least one bearish research note and a downgrade were published after the release, compounding downside momentum. Read More.

About Bitdeer Technologies Group

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.