| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/27/2025 | $26.50 | Outperform | Keefe Bruyette |
| 10/9/2024 | $13.00 | Outperform | Northland Capital |
| 10/8/2024 | $14.00 | Buy | Alliance Global Partners |
| 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 |
6-K - Bitdeer Technologies Group (0001899123) (Filer)
6-K - Bitdeer Technologies Group (0001899123) (Filer)
6-K - Bitdeer Technologies Group (0001899123) (Filer)
6-K - Bitdeer Technologies Group (0001899123) (Filer)
6-K - Bitdeer Technologies Group (0001899123) (Filer)
6-K - Bitdeer Technologies Group (0001899123) (Filer)
6-K - Bitdeer Technologies Group (0001899123) (Filer)
6-K - Bitdeer Technologies Group (0001899123) (Filer)
6-K - Bitdeer Technologies Group (0001899123) (Filer)
424B5 - Bitdeer Technologies Group (0001899123) (Filer)
- SEAL03 sample wafers achieved a power efficiency of 9.7 J/TH at the chip level during chip verification and prototype testing while running at low voltage, ultra power-saving mode- Anticipate SEALMINER A3 mass production to commence in the latter half of 2025 SINGAPORE, March 12, 2025 (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 February 2025. Operational Update Self-mined Bitcoin: 110 bitcoins, down from January 2025 due to less days in February.Mining Rig Manufacturing and R&D: SEALMINER A1: Ma
SINGAPORE, March 10, 2025 (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 successful testing of its latest Bitcoin mining chip, SEAL03, following tape-out. An exceptional power efficiency ratio of 9.7J/TH - while running at low voltage, ultra power-saving mode - was indicated in the SEAL03 chip's verification and prototype tests, achieving its performance target as outlined in the SEALMINER technology roadmap. SEAL03 uses one of the most advanced process nodes in partnership with TSMC, a world-leading semiconductor foundry. Matt Kong, Chief Busi
SINGAPORE, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group ("Bitdeer" or the "Company") (NASDAQ:BTDR), a world-leading technology company for blockchain and high-performance computing, today announced that it has conducted share repurchase for a total amount of approximately US$9.0 million on February 27, 2025, fully utilizing its US$10,000,000 share repurchase program approved in September 2024. The board of directors of the Company has approved a new share repurchase program to repurchase up to additional US$20,000,000 worth of its Class A ordinary shares ("Shares"), effective from February 28, 2025 through February 28, 2026. Under the new share repurchase program, Bitdeer
SINGAPORE, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ:BTDR) ("Bitdeer" or the "Company"), a world-leading technology company for blockchain and high-performance computing, today released its unaudited financial results for the fourth quarter ended December 31, 2024. Q4 2024 Financial HighlightsAll amounts compared to Q4'23 unless otherwise noted Total revenue was US$69.0 million vs. US$114.8 million.Cost of revenue was US$63.9 million vs. US$87.8 million.Gross profit was US$5.1 million vs. US$27.0 million.Net loss was US$531.9 million vs. US$5.0 million.Adjusted EBITDA1 was negative US$3.8 million, vs. positive US$33.32 million.Cash and cash equivalents were US$
- First trial batch of SEALMINER A2 air cooled rigs have been delivered to our datacenters and are running smoothly. - Completed acquisition of 101 MW site and gas-fired power plant project in Alberta to deliver the industry's first fully vertically-integrated Bitcoin mining site. SINGAPORE, Feb. 12, 2025 (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 2025. Operational Update Self-mined Bitcoin: 126 Bitcoins, down from the previous month due to temporary curtailments at our Bhutan si
SINGAPORE, Feb. 11, 2025 (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 has scheduled its fourth quarter and full year 2024 earnings conference call and webcast for Tuesday, February 25, 2025 at 8:00 AM EST. During the call, Bitdeer management will discuss the preliminary and unaudited financial and operational results for the quarter and year ended December 31, 2024, followed by a question-and-answer session. Bitdeer will release its fourth quarter and full year 2024 preliminary and unaudited results before the call at approximately 7:00 AM
SINGAPORE, Feb. 04, 2025 (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 successful close of the acquisition of a fully licensed and permitted 101 MW site and gas-fired power project situated on 19 acres of land near Fox Creek, Alberta in an all-cash transaction for $21.7 million. The site has potential to scale to 1 GW of power, reflecting Alberta's abundant energy resources, supportive regulatory posture and pro-business environment. The 101 MW gas-fired power project includes all permits and licenses required to construct an on-site na
CALGARY, AB, Feb. 4, 2025 /CNW/ - Kiwetinohk Energy Corp. (TSX:KEC) ("Kiwetinohk" or the "Company") today announced proceeds and closing of a $21 million sale of its proposed 101-MW Opal natural gas-fired power project to Bitdeer Technologies Group (NASDAQ:BTDR) ("Bitdeer"). Located near the Town of Fox Creek, Alberta, the Opal natural gas-fired project site is fully permitted and licensed, and in Stage 5 of the Alberta Electric System Operator review process. "This transaction marks a successful outcome for our project and shareholders, demonstrating our ability to develop hi
New York, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Bitdeer launches its new feature, "ReMine," which offers a transparent transfer market for Bitdeer mining machine buyers and sellers. "ReMine" uses a peer-to-peer model crafted to meet users' needs for purchasing and transferring mining machines and related rights and benefits provided by Bitdeer. It enables flexible transfer of SEALMINER orders, SEALMINER priority purchase rights, and relevant rights and benefits. ReMine aims to provide users with a quick and hassle-free platform so that users can focus on what really matters: maximizing their mining potential. Users can now easily access such functions through Bitdeer's official website and
- Production of approximately 35 EH/s of SEALMINER A2s through Q3 2025 remains on track.- ~7 EH/s of SEALMINER A2s allocated for external sale have been ordered by customers, including the full receipt of related down payments.- SEAL03 sample wafers with an anticipated chip efficiency of 10 J/TH expected in Q1 2025.- SEAL04 R&D remains on track to achieve industry leading efficiency of 5 J/TH with anticipated initial tape-out in Q3 2025. SINGAPORE, Jan. 08, 2025 (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 updat
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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
Keefe Bruyette initiated coverage of Bitdeer Technologies with a rating of Outperform and set a new price target of $26.50
Northland Capital initiated coverage of Bitdeer Technologies with a rating of Outperform and set a new price target of $13.00
Alliance Global Partners initiated coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $14.00
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
Rosenblatt initiated coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $10.50
The Benchmark Company initiated coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $13.00
BTIG Research initiated coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $15.00
B. Riley Securities initiated coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $9.00
SINGAPORE, Feb. 11, 2025 (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 has scheduled its fourth quarter and full year 2024 earnings conference call and webcast for Tuesday, February 25, 2025 at 8:00 AM EST. During the call, Bitdeer management will discuss the preliminary and unaudited financial and operational results for the quarter and year ended December 31, 2024, followed by a question-and-answer session. Bitdeer will release its fourth quarter and full year 2024 preliminary and unaudited results before the call at approximately 7:00 AM
SINGAPORE, Oct. 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 that it has scheduled its third quarter 2024 earnings conference call and webcast for Monday, November 18, 2024 at 8:00 AM EST. During the call, Bitdeer management will discuss the unaudited financial and operational results for the quarter ended September 30, 2024, followed by a question and answer session. Bitdeer will release the third quarter results before the call at approximately 7:00 AM EST on November 18, 2024. A copy of the earnings release will be available on the Com
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
SINGAPORE, April 20, 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 financial results for the year ended December 31, 2022. Full Year 2022 Financial and Operational Highlights Total revenue was $333.3 million in 2022, compared to $394.7 million in 2021, primarily due to a decrease in revenue generated from proprietary mining, sales of mining machines, and Cloud Hash Rate, partially offset by an increase in revenue generated from three types of hosting services, which was partially driven by an expansion of the Company's minin