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

8.89

Mkt cap

1.3B

Volume

3.4M

High

9.53

P/E Ratio

-42.67

52-wk high

14.27

Low

8.69

Div yield

N/A

52-wk low

3.56

Shares of crypto-related stocks are trading higher due to an increase in Bitcoin's value. This includes companies across various sectors within the cryptocurrency industry.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 2:20 pm

Shares of software companies, including ADEA, ADSK, AI, ANSS, and others, are trading lower due to rising Treasury yields following higher-than-expected U.S. January inflation data.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:30 pm

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:31 pm

CymaBay Therapeutics shares surged 24.5% after Gilead Sciences announced its acquisition for $4.3 billion. Other stocks like ContextLogic, Iris Energy, and Viavi Solutions also recorded significant gains following various positive announcements, including asset sales, upgrades by analysts, and merger agreements.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 3:22 pm

Compass Minerals International, Inc. (CMP) shares fell by 9% following disappointing quarterly results, missing both earnings and sales estimates. Other stocks showed significant movement, with notable gainers including Syra Health Corp. (SYRA) and Hitek Global Inc. (HKIT), and losers like Tenax Therapeutics, Inc. (TENX) and Bakkt Holdings, Inc. (BKKT). The article also highlights stocks that surged due to partnerships, financial results, and other corporate announcements.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 6:07 pm

Arm Holdings reported better-than-expected Q3 results, leading to a 47.3% surge in its shares. Other companies like Oscar Health, Mineralys Therapeutics, and Viking Therapeutics also saw significant gains following positive financial results or announcements. Companies such as Monolithic Power Systems, Ralph Lauren, and Advanced Drainage Systems reported strong earnings, raising guidance and dividends. Disney announced a $1.5 billion investment in Epic Games and a new share repurchase program. Overall, several stocks recorded gains in Thursday's session.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 3:24 pm

Bitdeer Technologies Group (NASDAQ:BTDR) reported a 123.0% increase in Bitcoin mined in January 2024 compared to the same period last year, totaling 330 Bitcoins. Despite this growth, there was a month-over-month production decline due to lower transaction fees and higher electricity costs at the Gedu datacenter. The company is expanding its infrastructure with new datacenters in Ohio and Norway and advancing in AI cloud services. It also announced leadership changes, with Jihan Wu becoming CEO in March 2024.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:41 pm

Software company stocks are down following the Federal Reserve's decision to leave interest rates unchanged, contributing to broader market weakness.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 8:53 pm

Alphabet Inc. reported Q4 earnings with higher-than-expected revenue and adjusted earnings per share, but Google's ad sales missed estimates, causing a pre-market drop of 5.6% in its shares. Other stocks also moved lower in pre-market trading, including AMD, AMSC, TER, JL, BTDR, MDLZ, BITF, NVS, and TSLA, due to various reasons such as earnings results, public offerings, and weak forecasts.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 11:10 am

In Monday's intraday session, several information technology stocks experienced significant movements. Mercurity Fintech Holding (MFH) led the gainers with a 28.1% increase, while Bit Origin (BTOG) saw the largest decline among the losers, dropping 18.1%. Other notable gainers include Baijiayun Group (RTC), Bitdeer Technologies (BTDR), and ZeroFox Holdings (ZFOX). On the losing side, CCSC Technology (CCTG), Cyngn (CYN), and Ostin Technology Group (OST) also saw substantial decreases in their stock prices. Coda Octopus Group (CODA) reported Q4 earnings, which may have influenced its 11.83% decline.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 5:31 pm

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