Bitdeer Technologies Group (NASDAQ:BTDR) Posts Earnings Results, Misses Estimates By $0.01 EPS

Bitdeer Technologies Group (NASDAQ:BTDR) posted its quarterly earnings data on Monday. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.01), FiscalAI reports. The business had revenue of $228.78 million during the quarter, compared to the consensus estimate of $228.67 million. Bitdeer Technologies Group had a negative return on equity of 61.88% and a negative net margin of 55.15%.The company’s revenue for the quarter was up 47.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.76) earnings per share.

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

• Tydal colocation agreement establishes a new AI infrastructure pillar, with Volta contracted for 121 IT megawatts and approximately $4.7 billion in base-term revenue over 16 years. A potential eight-year renewal could raise total contract value to about $8 billion, though the tenant has a termination right after year 10.
• Bitdeer reported strong operating growth, including 73 EH/s of self-mining capacity, 2,694 Bitcoin produced in the quarter, and AI Cloud annual recurring revenue of approximately $76 million, up 77% sequentially with 95% GPU utilization.
• Management expects roughly $500 million of remaining Tydal capital expenditure and plans to fund it through project-level debt backed by contracted cash flows. The two delivery phases target December 31, 2026 and March 31, 2027, but execution and commissioning remain key risks.
• Second-quarter revenue rose 47% year over year to approximately $228.8 million, while adjusted EBITDA increased 575% to $31.1 million; gross loss improved sequentially by $30.5 million as power costs declined and fleet efficiency improved.
• Bitdeer ended the quarter with a $101.7 million operating loss and used $158.5 million in operating cash, while its $457 million ATM equity raise increased liquidity but also introduced dilution risk. The company also increased full-year crypto-mining infrastructure CapEx guidance to $200 million-$280 million.

Bitdeer Technologies Group Trading Up 3.3%

Shares of NASDAQ:BTDR traded up $0.29 during trading on Wednesday, hitting $8.98. 6,267,542 shares of the company’s stock were exchanged, compared to its average volume of 9,051,658. The firm has a 50-day moving average price of $14.12 and a two-hundred day moving average price of $12.27. Bitdeer Technologies Group has a 1-year low of $6.92 and a 1-year high of $27.80. The firm has a market cap of $2.11 billion, a P/E ratio of -2.94 and a beta of 2.50. The company has a current ratio of 1.85, a quick ratio of 1.11 and a debt-to-equity ratio of 1.88.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citizens Jmp began coverage on Bitdeer Technologies Group in a research note on Wednesday, June 24th. They issued a “market outperform” rating and a $35.00 price objective on the stock. Benchmark restated a “buy” rating on shares of Bitdeer Technologies Group in a research note on Tuesday. Wall Street Zen downgraded shares of Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 2nd. Zacks Research upgraded shares of Bitdeer Technologies Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Needham & Company LLC lowered their price target on shares of Bitdeer Technologies Group from $22.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.36.

More Bitdeer Technologies Group News

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

• Positive Sentiment: Q2 revenue rose 47% year over year to approximately $228.8 million, while deployed mining capacity increased to 86.1 EH/s. Management also highlighted record hash-rate growth and continued expansion in AI and high-performance computing infrastructure. Bitdeer Reports Unaudited Financial Results for the Second Quarter of 2026
• Positive Sentiment: Bitdeer’s recently announced 16-year Tydal, Norway AI/HPC lease represents up to $4.7 billion in contracted revenue, providing a potential long-term growth catalyst beyond cryptocurrency mining. Bitdeer Q2 2026 Earnings Call Highlights
• Positive Sentiment: Benchmark reportedly characterized the recent selloff as an “overreaction” and maintained a $22 price target, implying substantial upside from the approximately $8.69 reference price. Bitdeer’s 20% Crash Is an Overreaction
• Neutral Sentiment: Needham kept a Buy rating but reduced its price target from $22 to $20, suggesting analysts remain optimistic about long-term growth while lowering near-term expectations. Needham Lowers Bitdeer Price Target
• Neutral Sentiment: Reported short-interest data showed zero shares and zero days to cover, an anomalous figure that provides little meaningful information about current short-selling pressure.
• Negative Sentiment: Cost of revenue climbed to $237.3 million, exceeding sales and producing an $8.5 million gross loss. The net loss widened to $92.3 million, or $0.37 per diluted share, from $62.9 million a year earlier. Bitdeer Cuts Gross Loss to $8.5 Million
• Negative Sentiment: Electricity and other operating costs remain elevated, while approximately $1.8 billion in borrowings versus $496.3 million in cash, cash equivalents and restricted cash keep leverage and funding risk in focus. Bitdeer Bitcoin and AI Compute Analysis

Institutional Trading of Bitdeer Technologies Group

Several institutional investors and hedge funds have recently made changes to their positions in BTDR. Bank of America Corp DE lifted its stake in Bitdeer Technologies Group by 67.5% in the 2nd quarter. Bank of America Corp DE now owns 6,337,339 shares of the company’s stock valued at $72,753,000 after acquiring an additional 2,553,093 shares in the last quarter. Value Aligned Research Advisors LLC lifted its stake in Bitdeer Technologies Group by 137.0% in the 4th quarter. Value Aligned Research Advisors LLC now owns 3,267,614 shares of the company’s stock valued at $36,630,000 after purchasing an additional 1,888,825 shares during the last quarter. Van ECK Associates Corp increased its position in Bitdeer Technologies Group by 100.1% during the fourth quarter. Van ECK Associates Corp now owns 1,694,193 shares of the company’s stock worth $18,992,000 after buying an additional 847,486 shares during the last quarter. State Street Corp raised its stake in Bitdeer Technologies Group by 34.1% in the fourth quarter. State Street Corp now owns 3,144,782 shares of the company’s stock valued at $35,253,000 after buying an additional 800,003 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Bitdeer Technologies Group by 5,771.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 757,864 shares of the company’s stock valued at $8,700,000 after buying an additional 744,956 shares during the last quarter. Institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Company 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.