Date | Price Target | Rating | Analyst |
---|---|---|---|
8/14/2024 | $9.00 | Buy | Rosenblatt |
6/11/2024 | $13.00 | Overweight | Cantor Fitzgerald |
4/15/2024 | $14.00 | Buy | Needham |
4/9/2024 | $10.50 | Buy | Rosenblatt |
3/14/2024 | $13.00 | Buy | The Benchmark Company |
3/13/2024 | $15.00 | Buy | BTIG Research |
3/12/2024 | $9.00 | Buy | B. Riley Securities |
2/29/2024 | $14.00 | Buy | ROTH MKM |
SINGAPORE, May 31, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ:BTDR) ("Bitdeer" or the "Company"), a world-leading technology company for blockchain and high-performance computing, today announced that it entered into a subscription agreement with Tether International Limited ("Tether") for the private placement of 18,587,360 Class A ordinary shares and a warrant to purchase up to 5,000,000 additional shares at $10.00 per share. The closing of the private placement occurred on May 30, 2024. The transaction generated $100 million in gross proceeds from the share issuance and could provide an additional $50 million if the warrant is fully exercised. The warrant is subject to
SINGAPORE, March 29, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ:BTDR) ("Bitdeer" or the "Company"), a world-leading technology company for blockchain and high-performance computing, today announced its financial results for the year ended December 31, 2023. Full Year 2023 Financial Highlights Total revenue was US$368.6 million, compared to US$333.3 million in 2022.Net loss was US$56.7 million, compared to US$60.4 million in 2022.Adjusted profit was US$22.0 million, compared to US$30.3 million in 2022.Adjusted EBITDA was US$100.3 million, compared to US$93.2 million in 2022.Cash and cash equivalents were US$144.7 million as of December 31, 2023. Linghui Kong, Chief
SINGAPORE, May 16, 2023 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ:BTDR) ("Bitdeer" or the "Company"), a world-leading technology company for the cryptocurrency mining community, today announced its unaudited financial results for the first quarter ended March 31, 2023. Linghui Kong, Chief Executive Officer of Bitdeer, commented, "We continued to deliver robust performance and maintained a sufficient cash flow during the first quarter, despite macroeconomic and crypto-market headwinds. While we recorded a net loss of $9.5 million, our non-IFRS adjusted profit was $2.8 million and non-IFRS adjusted EBITDA was $18.5 million. At the operational level, we proactively optimized our
6-K - Bitdeer Technologies Group (0001899123) (Filer)
6-K - Bitdeer Technologies Group (0001899123) (Filer)
6-K - Bitdeer Technologies Group (0001899123) (Filer)
SINGAPORE, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ:BTDR) ("Bitdeer" or the "Company"), a world-leading technology company for blockchain and high-performance computing, today announced its unaudited mining and operations updates for August 2024. Operational Update Self-mined Bitcoin: Mined 166 Bitcoins.Hosting: Client hosted mining machines decreased by 45,000 units in August due to the transition of hosting customers and Texas 100 MW hydro-cooling conversion. The released capacity will be steadily refilled with new customers' miners as well as Bitdeer's SEALMINERs for self-mining from Sep 2024 to Q1 2025. Mining Rigs Manufacturing and R&D: SEALMINER A1 mas
SINGAPORE, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ:BTDR) ("Bitdeer" or the "Company"), a world-leading technology company for blockchain and high-performance computing, today announced the pricing of its underwritten public offering (the "Offering") of US$150,000,000 aggregate principal amount of 8.50% convertible senior notes due 2029 (the "Notes"). The sale of the Notes is expected to close on August 20, 2024, subject to customary closing conditions. The Company also granted the underwriters in the Offering a 30-day option to purchase up to an additional US$22,500,000 aggregate principal amount of Notes on the same terms and conditions, solely to cover over-a
SINGAPORE, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ:BTDR) ("Bitdeer" or the "Company"), a world-leading technology company for blockchain and high-performance computing, today announced a proposed registered underwritten public offering (the "Offering") by the Company of US$150,000,000 aggregate principal amount of its convertible senior notes due 2029 (the "Notes"), subject to market and other conditions. The Company also intends to grant the underwriters in the Offering a 30-day option to purchase up to an additional US$22,500,000 aggregate principal amount of Notes on the same terms and conditions, solely to cover over-allotments. The Notes will be senior,
Rosenblatt resumed coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $9.00
Cantor Fitzgerald initiated coverage of Bitdeer Technologies with a rating of Overweight and set a new price target of $13.00
Needham initiated coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $14.00
SC 13D/A - Bitdeer Technologies Group (0001899123) (Subject)
SC 13D/A - Bitdeer Technologies Group (0001899123) (Subject)
SC 13D - Bitdeer Technologies Group (0001899123) (Subject)
SINGAPORE, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ:BTDR) ("Bitdeer" or the "Company"), a world-leading technology company for blockchain and high-performance computing, today announced its unaudited mining and operations updates for January 2024. Linghui Kong, Chief Executive Officer of Bitdeer, commented, "During January, we made important progress towards building for the future while delivering solid results in our core business. We mined 330 Bitcoins in total in January, an increase of 123.0% from the same period last year. At the same time, our month-over-month production declined as a result of lower average transaction fees and the curtailments at our G
SINGAPORE, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ:BTDR) ("Bitdeer" or the "Company"), a world-leading technology company for blockchain and high-performance computing, today announced the appointment of Mr. Jihan Wu, the Company's Founder and Chairman of its Board of Directors (the "Board"), as Chief Executive Officer of the Company, effective on March 1, 2024. In addition to his new role as Chief Executive Officer, Mr. Jihan Wu will remain as Chairman of the Company's Board. The Company's current Chief Executive Officer Mr. Linghui Kong will transition to the role of Chief Business Officer and will continue to serve as a member of the Company's Board, also ef
SINGAPORE / ACCESSWIRE / January 23, 2024 / Singapore-based Bitdeer Technologies Group (NASDAQ:BTDR) reports having the largest global footprint of any publicly traded Bitcoin miner, but it is still making strides in its expansion. As just one facet of its growth, the company reported a threefold increase in Bitcoin mining activities in September 2023, a surge that was largely attributed to its newly operational mining data center in Gedu, Bhutan. This data center, while seen as an unconventional choice, has proven to be a substantial part of Bitdeer's success in expanding its mining operations. Surge in Mining ActivitiesBitdeer's mining ventures have seen growth over the past years, with t
7 analysts have shared their evaluations of Bitdeer Technologies (NASDAQ:BTDR) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 2 0 0 0 0 2M Ago 1 1 0 0 0 3M Ago 2 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $15.86, a high estimate of $20.00, and a low estimate of $13.00. This current average reflects an increas
Benchmark analyst Mark Palmer maintains Bitdeer Technologies (NASDAQ:BTDR) with a Buy and raises the price target from $13 to $16.