| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 2/29/2024 | $14.00 | Buy | ROTH MKM |
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)
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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
ROTH MKM initiated coverage of Bitdeer Technologies with a rating of Buy and set a new price target of $14.00
SINGAPORE, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Bitdeer AI, part of Bitdeer Technologies Group (NASDAQ:BTDR), an emerging AI cloud service provider, is proud to announce its inclusion in the Top 100 Software Companies of 2024, ranked 8 in the Cloud Management by The Software Report. The Software Report's Top 100 Software Companies award is a prestigious recognition of excellence in the software industry, grounded in a rigorous evaluation of product functionality, customer satisfaction, corporate reputation, innovation, and organizational strength. The selection process combines customer feedback with in-depth research, drawing insights from reputable platforms like Glassdoor, G2, and Capterr
SINGAPORE, Nov. 18, 2024 (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 and operational results for the third quarter ended September 30, 2024. Q3 2024 Financial Highlights Total revenue was US$62.0 million, compared to US$87.3 million in Q3 2023.Cost of revenue was US$59.2 million, compared to US$66.2 million in Q3 2023.Gross profit was US$2.8 million, compared to US$21.1 million in Q3 2023.Net loss was US$50.1 million, compared to US$1.8 million in Q3 2023.Adjusted EBITDA1 was negative US$8.5 million, compared to US$28.
- Launched SEALMINER A2 air and hydro-cooling models with 226 TH/s and 446 TH/s, respectively, and 16.5 J/TH efficiency- Anticipated near-term mass production of approximately 21.7 EH/s of SEALMINER A1 and A2 SINGAPORE, Nov. 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 October 2024. Operational Update Self-mined Bitcoin: 174 Bitcoins.Mining Rig Manufacturing and R&D: SEALMINER A1: Mass production in progress. Approximately 3.7 EH/s of machines to be manufactured and delivered by Ja
SINGAPORE, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ:BTDR), a world-leading technology company for blockchain and high-performance computing, officially unveiled its self-developed Bitcoin mining machine, the SEALMINER A2 series. As the second-generation product in the SEALMINER series, SEALMINER A2 mining machine is equipped with Bitdeer's independently developed second-generation chip, SEAL02. The A2 series achieves further breakthroughs, offering higher power efficiency ratios, enhanced technologies and improved stability, compared to the A1. The A2 series includes two models: the air-cooling SEALMINER A2 and the hydro-cooling SEALMINER A2 Hydro, designe
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, Oct. 03, 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 September 2024. Operational Update Self-mined Bitcoin: 164 Bitcoins.Mining Rig Manufacturing and R&D: SEALMINER A1 mass production remains on schedule for Q4 2024 and is expected to contribute 3.4 EH/s to Bitdeer's proprietary hashrate. Deployment will align with the energization of the Texas hydro-cooling conversion and Tydal, Norway phase 1 in late Q4 2024 and early Q1 2025.SEAL02 chip initial tape-out wafers were received
SINGAPORE, Sept. 26, 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 successful testing of its latest Bitcoin mining chip, SEAL02, following tape-out. SEAL02 uses one of the most advanced process nodes in partnership with TSMC, a world-leading semiconductor foundry. An exceptional power efficiency ratio of 13.5 J/TH - while running at low voltage, ultra power-saving mode - was indicated in SEAL02 chip's verification and prototype tests, achieving the power efficiency milestone outlined in the SEALMINER technology roadmap announced in June 20
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,
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
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
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.
B. Riley Securities analyst Lucas Pipes maintains Bitdeer Technologies (NASDAQ:BTDR) with a Buy and raises the price target from $9 to $14.
Amid a remarkable 8-day winning streak for Tesla Inc (NASDAQ:TSLA), a prominent investor predicts the possibility of the streak extending to 9 days. What Happened: Gary Black, Managing Partner at The Future Fund, took to social media platform, X to express his thoughts on the recent surge in Tesla’s stock. Black highlighted the company’s impressive performance over the past 8 days, with a 36% increase compared to the Nasdaq 100’s 4% rise. He also noted that all of the “Magnificent 7” stocks, including Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN), Meta Platforms Inc (NASDAQ:META), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Microsoft Corp (NASDAQ:MSFT), and NVIDIA Corp (NASDAQ:
Shares of NIO Inc. (NYSE:NIO) fell sharply during Friday's session after the company disclosed that Steven Wei Feng has resigned as the Chief Financial Officer for personal and family reasons, effective July 5, 2024. NIO shares dipped 8.5% to $4.4550 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Qualigen Therapeutics, Inc. (NASDAQ:QLGN) jumped 120% to $0.3870 after gaining 6% on Wednesday. Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) rose 70.5% to $4.65 after gaining around 14% on Wednesday. MediWound Ltd. (NASDAQ:MDWD) shares jumped 45.6% to $21.12 after dipping around 7% on Wednesday. Koss Corporation (NASDAQ:KOSS) shares climb
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Friday. Shares of Bitfarms Ltd. (NASDAQ:BITF) fell sharply in today's pre-market trading amid weakness in Bitcoin (CRYPTO: BTC). Bitcoin prices tumbled 4% to $55,377 on Friday. Bitfarms shares dipped 7.6% to $2.32 in pre-market trading. Here are some big stocks recording losses in today's pre-market trading session. TeraWulf Inc. (NASDAQ:WULF) shares tumbled 12.6% to $4.55 in pre-market trading after the company reported an unaudited monthly production and operations update for June. Applied Digital Corporation (NASDAQ:APLD) shares dipped 11.4% to $6.00 in pre-market trading after ga
Shares of Sharps Technology, Inc. (NASDAQ:STSS) rose sharply in today's pre-market trading after the company announced it received two purchase orders for a total of approximately one million SecureGard syringes for 2024 delivery. Sharps Technology shares jumped 31.7% to $0.3030 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Qualigen Therapeutics, Inc. (NASDAQ:QLGN) rose 53% to $0.2683 in pre-market trading after gaining 6% on Wednesday. Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) shares rose 18.7% to $0.2060 in pre-market trading. Maxeon Solar Technologies was recently granted U.S. Patent #12027636 for "Protection Coating For Solar
- Significant increase in global contracted power capacity to 2.5 GW- Initial sample shipments of Sealminer A1 ASICs installed and energized at Bitdeer sites- Completed tape-out of SEAL02 chip targeting 14 J/TH- On track to deploy 3.4 EH/s of Sealminer ASICs in Q4 2024SINGAPORE, July 03, 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 June 2024.Operational HighlightsSelf-mined Bitcoin: Mined 179 Bitcoin.Power capacity: Expanded global contracted power capacity to 2.5 GW with 570 MW, 30-year, lease agr