your badges 52W Range $7–$25 3% of range Analyst Rating BUY 20 analysts Price Target $22 +205% upside P/E -7.8 ROE 11.5% Net Profit Margin 10.6%

BTDR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $7.27
P/E -7.8
EPS $-1.43
Revenue $620M
ROE 11.5%
52W Range $7–$25

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About Bitdeer Technologies Group - Ordinary Shares Company overview from Wikipedia

05 · wikidata

Bitdeer Technologies Group, or simply Bitdeer, is a cryptocurrency mining and artificial intelligence (AI) cloud infrastructure company headquartered in Singapore and listed on the Nasdaq under the ticker BTDR. The company was spun off from bitcoin-mining chip producer Bitmain in January 2021 by founder Jihan Wu. Bitdeer is among the largest cryptocurrency miners by computing power and operates data centers in the United States, Norway, and Bhutan, with U.S. headquarters in San Jose, California. Since 2023, the company has expanded into AI cloud services through a partnership with Nvidia and through the conversion of cryptocurrency mining facilities for AI workloads.

History

In January 2021, Bitdeer was spun off from the bitcoin-mining chip producer Bitmain, which was co-founded by entrepreneur Jihan Wu in 2013. After the spin-off, Bitdeer established its headquarters in Singapore, where Wu resides. Wu has served as Bitdeer's executive chairman since the spin-off and is also its chief executive officer.

In November 2021, Bitdeer announced plans to merge with Blue Safari Group Acquisition Corp. and file an initial public offering. After a delayed merger with the special-purpose acquisition company, Bitdeer was listed on the Nasdaq in April 2023 at a valuation of $1.18 billion. In June 2023, Bitdeer announced plans to repurchase as much as $1 million worth of its stock. The company had 211 employees and earned S$485,975,304 in 2023.

In 2022, Bitdeer acquired the high-security storage facility Le Freeport in Singapore for S$40 million (US$28.4 million).

In May 2024, Tether acquired a $100 million stake in Bitdeer through a private placement.

In April 2026, Bitdeer introduced the SEALMINER A4 series of bitcoin mining application-specific integrated circuit chips, designed to improve energy efficiency for large-scale mining operations.

Data centers and mining operations

In 2022, Bitdeer sought to raise $200 million from outside investors to purchase discounted hardware. By 2023, the company operated five data centers across the United States and Norway.

United States

In the United States, Bitdeer operates mining facilities in Tennessee, Texas, Washington, and Ohio.

Bitdeer has been operating a mining facility in East Knoxville, Tennessee since 2018; the facility drew 63 megawatts of power as of 2022. In 2024, the company had approximately 30 employees in Knoxville and was the Knoxville Utilities Board's largest industrial customer, accounting for 9.4 percent of the utility's total electric sales in 2023.

Bitdeer is among the largest cryptocurrency mining operations in Texas. Its mining facility in Rockdale is housed in a former aluminum-smelting plant about an hour from Austin. The facility has participated in the Electric Reliability Council of Texas (ERCOT) to reduce electricity usage during periods of grid stress.

In 2023, Bitdeer purchased 31 acres in Massillon, Ohio to construct a mining facility. In November 2025, a fire broke out at the construction site, damaging two buildings in the complex. The chief of Massillon Fire Department, Matt Heck, determined no signs of arson were determined, though no cause was identified. In April 2026, Bitdeer presented plans for an additional data center facility in Niles, Ohio - a project the company described as a $300 million investment expected to create approximately 50 jobs.

In July 2026, Bitdeer started construction of a manufacturing facility in Sparks, Nevada. The facility will produce circuit boards, server chips, and capacitor resistors for bitcoin mining. The factory is planned to start working in January 2027.

Norway

Bitdeer operates mining capacity in Norway. In March 2026, the company began converting its 180-megawatt site in Tydal, previously used for cryptocurrency mining, into high-performance computing capacity for AI workloads.

In August 2026, the company leased part of the site's capacity to Volta Infra Holdings under a 16-year agreement valued at US$4.7 billion, backed by $1.3 billion in credit from J.P. Morgan.

Bhutan

Bitdeer partnered with the government of Bhutan in 2023 to increase mining capacity and create a fund of up to $500 million for green mining operations in the Himalaya kingdom.

AI cloud platform

In November 2023, Bitdeer announced a partnership with Nvidia to develop AI cloud computing services and began construction on its first AI cloud data center in Singapore, branded Bitdeer AI Cloud. The business line uses Bitdeer's existing data center infrastructure, originally built for cryptocurrency mining, to provide GPU computing capacity to enterprise customers. In March 2026, Bitdeer began converting its 180-megawatt Tydal site in Norway from cryptocurrency mining to AI and high-performance computing workloads.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorTechnology industryTechnology employees471 countrySG

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$620M
2022-12-31 → 2025-12-31
EPS$-1.43
2020-12-31 → 2025-12-31
Net margin10.6%
2024-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend BTDR 5Y avg Peer Median Verdict
P/E -7.85Y avg ≈-12.7 ≈-12.7 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 77.1%
Next Report Nov 16, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 17, 2026 $-0.37 $-0.34 -7.5%
March 31, 2026 May 14, 2026 $-0.65 $-0.41 -58.6%
Dec. 31, 2025 $0.40 $-0.08 581.3%
Sept. 30, 2025 $-0.19 $-0.14 -38.0%
June 30, 2025 $-0.13 $-0.14 5.1%
March 31, 2025 $-0.39 $-0.33 -19.9%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 16
Metric Trend 2025202420232022
Revenue $620M$350M$369M$333M
Cost of Revenue $559M$283M$291M$250M
Gross Profit $61M$66M$78M$83M
R&D Expense $154M$77M$30M$35M
SG&A Expense $84M$64M$66M$93M
Operating Income $160M$-590M$-52M$-61M
Interest Expense $4M$3M$3M·
Interest Income $8M$8M$8M$4M
Pretax Income $71M$-602M$-51M$-65M
Income Tax $5M$-2M$6M$-4M
Net Income $66M$-599M$-57M$-60M
EPS (Basic) $0.32$-4.36$-0.51$-0.56
EPS (Diluted) $-1.43$-4.36$-0.51$-0.56
Shares (Basic) 204,679137,426110,494108,681,000
Shares (Diluted) 234,319137,426110,494108,681,000
EBITDA $160M$-590M$-52M$-61M
Balance Sheet 12
Metric Trend 2025202420232022
Cash & Equivalents $149M$476M$145M$231M
Inventory $252M$65M$346.0K·
Current Assets $1.39B$949M$260M·
PP&E (Net) $442M$251M$155M$139M
Goodwill $36M$36M$0·
Intangibles $93M$83M$5M·
Total Assets $2.80B$1.56B$639M$651M
Accounts Payable $120M$31M··
Current Liabilities $1.52B$1.10B$121M·
Total Liabilities $1.94B$1.28B$307M$333M
Retained Earnings $-583M$-649M$-50M$7M
Stockholders' Equity $868M$277M$333M$318M
Cash Flow 3
Metric Trend 2025202420232022
CapEx $232M$119M$63M$63M
Investing Cash Flow $39M$113M$200M$134M
Financing Cash Flow $1.37B$844M$-13M$-4M
Profitability 8
Metric Trend 2025202420232022
Gross Margin 9.8%19.0%··
Operating Margin 25.8%-168.6%··
Net Margin 10.6%-171.3%··
Pretax Margin 11.4%-172.0%··
EBITDA Margin 25.8%-168.6%··
ROA 3.0%-54.5%-8.8%-9.3%
ROE 11.5%-196.7%-17.4%-19.9%
ROIC 17.0%-212.3%-17.5%-17.7%
Liquidity & Solvency 3
Metric Trend 2025202420232022
Current Ratio 0.90.9··
Quick Ratio 0.10.4··
Interest Coverage 42.3···
Efficiency 2
Metric Trend 2025202420232022
Asset Turnover 0.30.3··
Inventory Turnover 3.58.7··
Per Share 2
Metric Trend 2025202420232022
Revenue / Share $2647.05$2.55··
EPS (TTM) $-1.43$-4.36$-0.51$-0.56
Valuation (TTM) 4
Metric Trend 2025202420232022
Revenue TTM $620M$350M$369M$333M
Net Income TTM $66M$-599M$-57M$-60M
P/E -7.8-5.0-19.3-18.6
Earnings Yield -12.8%-20.1%-5.2%-5.4%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $620M $350M $369M $333M ·
Gross Margin % 9.8% 19.0% · · ·
Operating Margin % 25.8% -168.6% · · ·
Net Income $66M $-599M $-57M $-60M $83M
Diluted EPS $-1.43 $-4.36 $-0.51 $-0.56 $0.75

Institutional owners (13F) 319 filers · $3.8B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 319
Value held $3.8B
New positions 111
Exited positions 26
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
111 (+37 vs prior Q) 26 (-4 vs prior Q) 110 (+24 vs prior Q) 56 (+5 vs prior Q) +102.2M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Paloma Partners Management Co $250,349,250 15,775,000 6.55% Call option
BlackRock, Inc. $175,964,265 11,087,855 4.60% Shares
JANE STREET GROUP, LLC $164,430,657 10,361,100 4.30% Call option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $157,358,985 9,915,500 4.12% Call option
Sachem Head Capital Management LP $152,907,450 9,635,000 4.00% Shares
JANE STREET GROUP, LLC $112,237,004 7,072,275 2.94% Shares
LONE PINE CAPITAL LLC $111,407,813 7,020,026 2.91% Shares
BARCLAYS PLC $104,625,577 6,592,664 2.74% Shares
TOMS Capital Investment Management LP $99,187,500 6,250,000 2.59% Call option
CITADEL ADVISORS LLC $96,133,604 6,057,568 2.51% Shares
Caption Management, LLC $93,106,116 5,866,800 2.44% Call option
BANK OF AMERICA CORP /DE/ $88,435,542 5,572,498 2.31% Shares
Value Aligned Research Advisors, LLC $82,583,735 5,203,764 2.16% Shares
WELLS FARGO & COMPANY/MN $73,416,207 4,626,100 1.92% Call option
CLEARFIELD CAPITAL MANAGEMENT LP $64,893,604 4,089,074 1.70% Shares
UBS Group AG $59,527,004 3,750,914 1.56% Shares
STATE STREET CORP $57,842,928 3,644,797 1.51% Shares
Situational Awareness LP $54,584,072 3,439,450 1.43% Shares
GEODE CAPITAL MANAGEMENT, LLC $54,377,723 2,324,325 1.42% Shares
MORGAN STANLEY $52,298,228 3,295,414 1.37% Shares
CITADEL ADVISORS LLC $51,139,488 3,222,400 1.34% Call option
D. E. Shaw & Co., Inc. $50,574,643 3,186,808 1.32% Shares
140 Summer Partners LP $50,075,246 3,155,340 1.31% Shares
GOLDMAN SACHS GROUP INC $46,792,055 2,948,460 1.22% Shares
CastleKnight Management LP $44,021,952 2,773,910 1.15% Shares
VAN ECK ASSOCIATES CORP $42,456,836 2,675,289 1.11% Shares
Parallax Volatility Advisers, L.P. $41,869,821 2,638,300 1.10% Call option
Point72 Asset Management, L.P. $37,668,350 2,373,557 0.99% Shares
Avala Global LP $36,645,131 2,309,082 0.96% Shares
TOMS Capital Investment Management LP $35,310,750 2,225,000 0.92% Shares
STEADFAST CAPITAL MANAGEMENT LP $31,524,612 1,986,428 0.82% Shares
AMERICAN CENTURY COMPANIES INC $29,842,188 1,880,413 0.78% Shares
Situational Awareness Partners LP $29,751,243 3,439,450 0.78% Shares
JANE STREET GROUP, LLC $29,153,190 1,837,000 0.76% Put option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $28,462,845 1,793,500 0.74% Put option
WELLS FARGO & COMPANY/MN $27,172,645 1,712,202 0.71% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $27,171,487 1,712,129 0.71% Shares
NOMURA HOLDINGS INC $26,363,244 1,661,200 0.69% Call option
WELLS FARGO & COMPANY/MN $25,392,000 1,600,000 0.66% Put option
S.A.C. Capital Advisors (Hong Kong) Ltd. $24,680,517 1,444,150 0.65% Shares
Centiva Capital, LP $23,992,266 1,511,800 0.63% Call option
CITADEL ADVISORS LLC $23,660,583 1,490,900 0.62% Put option
Blackstone Inc. $23,011,500 1,450,000 0.60% Shares
SONA ASSET MANAGEMENT (US) LLC $22,376,700 1,410,000 0.59% Shares
Balyasny Asset Management L.P. $22,218,000 1,400,000 0.58% Put option
Parallax Volatility Advisers, L.P. $21,902,187 1,380,100 0.57% Put option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $21,069,710 1,327,644 0.55% Shares
BANK OF NOVA SCOTIA $20,294,279 1,278,782 0.53% Shares
GOLDMAN SACHS GROUP INC $20,151,726 1,269,800 0.53% Call option
Longaeva Partners L.P. $19,929,736 1,255,812 0.52% Shares

Show all 319 institutional owners →

Activists & 5%+ owners 3 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Tether Global Investments Fund, S.I.C.A.F., S.A., Tether Investments, S.A. de C.V., Tether International, S.A. de C.V., Giancarlo Devasini ×14 filings June 30, 2026 19.70% Amendment · SEC
Shinning Stone Invest Co., Ltd., Zhaofeng Zhao ×3 filings April 20, 2026 4.92% Amendment · SEC
Victory Courage Limited, Jihan Wu May 31, 2023 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 5 insiders · 1 officers · 3 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Michael G Potter Chief Financial Officer Sept. 1, 2026 A 25,000 1 0 $226,000
Guang George Yang Director July 1, 2026 A · 0 0 $0
Naphat Sirimongkolkasem Director July 1, 2026 A · 0 0 $0
Sheldon Trainor-Degirolamo Director July 1, 2026 A · 0 0 $0
Haris Fozan Basit · Aug. 14, 2026 P 35,000 1 0 $221,000

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 17 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
SATO · Invesco Exchange-Traded Fund Trust … 1.55% 14,867 SH Oct. 23, 2026 Daily
IBLC · iShares Trust 0.82% 60,691 SH Sept. 11, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS 0.10% 82,020 SH Aug. 19, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.06% 747,255 SH Aug. 19, 2026 Daily
IWM · iShares Trust 0.05% 3,366,224 SH Sept. 11, 2026 Daily
RSSL · Global X Funds 0.04% 62,036 NS July 31, 2026 N-PORT
SCZ · iShares Trust 0.04% 468,552 SH Sept. 11, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.03% 38,088 SH Aug. 19, 2026 Daily
IWO · iShares Trust 0.03% 346,033 SH Sept. 11, 2026 Daily
WSML · iShares Trust 0.02% 8,803 SH Sept. 11, 2026 Daily
IPAC · iShares Trust 0.01% 31,648 SH Sept. 11, 2026 Daily
IEFA · iShares Trust 0.01% 989,508 SH Sept. 11, 2026 Daily
IDEV · iShares Trust 0.01% 155,675 SH Sept. 11, 2026 Daily
IXUS · iShares Trust 0.00% 146,630 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.00% 36,398 SH Sept. 11, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 10,941 SH Aug. 19, 2026 Daily
IWN · iShares Trust · 881,287 SH Sept. 11, 2026 Daily

BTDR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 20 analysts BUY
Median target $22.00 +202.6%
3 15.0% Strong Buy
15 75.0% Buy
2 10.0% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

14 analysts · 2026-10-25

Mean target $22.14 +204.6%

← Below all targets Current price $7.27
Low$10.00 Mean$22.14 High$35.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
BTDR · -7.8 · 10.6% 11.5% 9.8%
KARO · 1.5 · 18.1% 30.7% 68.0%
FUFU $440M -14.7 · -6.5% -20.0% 6.1%
BLIV · -5.4 · · -155.2% ·
BTCT $12M -1.2 -23.3% -64.5% -23.5% -22.5%
HPAI $180M 96.0 · 5.3% 12.2% 54.9%
HPAI $180M 96.0 · 5.3% 12.2% 54.9%

Latest News Recent headlines mentioning this company

23
Bitdeer Lands $4.7B Norway Lease With a16z-, Nvidia- And Dell-Backed Volta ZeroHedge · Bitdeer Technologies (BTDR) Breaks Ground for a New Facility Yahoo Finance · Bitdeer (BTDR) Soars 18.3% on New CFO Appointment Yahoo Finance · Bitdeer Technologies (BTDR) Reports Q1 2026 Revenue of $188.9M Amid Deepening Net Losses Yahoo Finance · Bitdeer Q1 revenue jumps 170% as net loss widens to $159.5 million Yahoo Finance · Bitdeer Reports 783 Bitcoin Mined in April as AI Cloud Momentum Builds Yahoo Finance · Bitdeer (BTDR) Climbs 21% Ahead of Earnings Yahoo Finance · Bitdeer’s Bitcoin Mining Production Rose 541% In February Yahoo Finance ·

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26

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Source: SEC 20-F filed Apr 30, 2026