Streetbeat News

BTDR

Bitdeer Technologies Group

https://www.bitdeer.com

Industry

Software - Application

Bitdeer Technologies Group operates as a technology company for the cryptocurrency mining community. It mines cryptocurrencies for its own account and serve the cryptocurrency mining community by providing cryptocurrency mining solution. The company handles various processes involved in mining, such as miner procurement, transport logistics, mining datacenter design and construction, mining machine management, and daily operations. It has mining datacenters deployed in the United States and Norway. The company is headquartered in Singapore.

Open

11.12

Mkt cap

1.6B

Volume

4.4M

High

11.13

P/E Ratio

-55.45

52-wk high

14.27

Low

10.51

Div yield

N/A

52-wk low

3.90

Riot Platforms Inc (NASDAQ:RIOT) is exploring AI opportunities while maintaining its primary focus on Bitcoin mining. CEO Jason Les mentioned potential AI collaborations, but emphasized the company's commitment to Bitcoin. Riot's stock has risen 17.3% in the past month, and Bernstein raised its price target to $22, maintaining an 'Outperform' rating.

Portfolio Pulse from Ivan Crnogatić

October 07, 2024 | 4:11 pm

Cantor Fitzgerald analyst Brett Knoblauch has reiterated an Overweight rating on Bitdeer Technologies (NASDAQ:BTDR) and maintained a price target of $13.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:41 pm

Bitdeer Technologies Group (NASDAQ:BTDR) reported its September 2024 operations update, highlighting the self-mining of 164 Bitcoins and advancements in mining rig manufacturing. The company is on track with its SEALMINER A1 and A2 production, and is expanding its AI cloud services. Key infrastructure projects in Norway, Texas, and Bhutan are progressing as planned.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:05 pm

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 4:28 pm

Several information technology stocks experienced significant price movements during Monday's intraday session. Notable gainers included EMCORE, Alpha Technology Group, and OneConnect Financial Tech, while Intchains Gr, Yxt.Com Group Holding, and Zapata Computing Holdings were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 4:30 pm

Several major stocks, including Stellantis, MicroStrategy, and Bit Digital, are experiencing declines in Monday's pre-market session. Stellantis shares fell sharply after lowering its 2024 operating margin guidance. Other stocks like Bitdeer Technologies, Corvus Pharmaceuticals, and Venus Concept also saw significant pre-market losses.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 12:30 pm

In Monday's pre-market session, several information technology stocks experienced significant movements. EMCORE (EMKR) saw a remarkable 132.2% increase, while OneConnect Financial Tech (OCFT) rose by 16.75%. On the downside, Nano Labs (NA) decreased by 12.0%, and Bitdeer Technologies (BTDR) fell by 9.6%.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 12:06 pm

Bitdeer Technologies Group (NASDAQ:BTDR) shares are rising after the company announced successful testing of its new Bitcoin mining chip, SEAL02, developed with Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM). The chip demonstrated exceptional power efficiency, and mass production is set for November.

Portfolio Pulse from Adam Eckert

September 26, 2024 | 1:25 pm

Bitdeer Technologies Group (NASDAQ:BTDR) has successfully tested its latest Bitcoin mining chip, SEAL02, developed in partnership with TSMC. The chip boasts a power efficiency ratio of 13.5 J/TH and will be integrated into SEALMINER A2 machines, with mass production starting in November 2024.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 12:05 pm

Analysts have shared mixed ratings for Bitdeer Technologies (NASDAQ:BTDR) over the past three months, with a majority being bullish. The average 12-month price target is $14.11, slightly down from $14.12. Analysts have maintained or adjusted their ratings and price targets based on market dynamics and company performance.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 12:01 pm

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