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

Bitdeer, a cryptocurrency mining company, has announced the appointment of Jihan Wu as its new CEO, effective March 1, 2024. Wu will be taking over from Linghui Kong, who will transition to the role of Chief Business Officer. This change in leadership could signal a new strategic direction for the company.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:57 pm

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:34 pm

A Cantor Fitzgerald report suggests that the upcoming Bitcoin Halving in April could render nine of the eleven largest publicly traded Bitcoin miners unprofitable at a Bitcoin price of $40,000. Only Bitdeer (BTDR) and CleanSpark (CLSK) are expected to maintain profit margins. Argo Blockchain (ARBK) and Hut 8 Mining (HUT) are projected to be the most affected. Other miners like Marathon Digital (MARA), Riot Blockchain (RIOT), and Core Scientific (CORZ) may also face significant impacts. The report considers the all-in cost per coin, which includes electricity, hosting fees, and other expenses. Miners are selling reserves ahead of the Halving to cover costs and prepare for future investments. The Halving, which reduces the reward per block for miners, is expected to create price increases due to supply contraction.

Portfolio Pulse from Khyathi Dalal

January 26, 2024 | 5:16 pm

China has given Boeing Co (NYSE:BA) approval to resume deliveries of its 737 MAX 8 aircraft to Chinese customers, ending a two-year suspension. The first 737 MAX 8, registered to China Southern Airlines (NYSE:ZNH), is currently grounded in Hawaii. This comes as Boeing faces FAA restrictions on expanding production of its narrowbody planes due to a recent cabin panel blowout incident on a 737 MAX 9 jet operated by Alaska Airlines. The resumption of deliveries in China could help Boeing amid its operational challenges and ongoing US scrutiny.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 1:38 pm

North Korea-affiliated hackers have stolen over $1 billion in crypto assets by targeting 20 cryptocurrency platforms in 2023, according to Chainalysis. This marks a decrease from the $1.7 billion stolen in 2022. The FBI identified the Lazarus Group as responsible for a $41 million theft from Stake.com. The U.S. Department of the Treasury sanctioned Sinbad.io, a mixer used by Lazarus Group for money laundering. Reports indicate these thefts fund North Korea's nuclear weapons programs. The trend of increased North Korean cyber-espionage, including potential election interference, is concerning for global security.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 4:48 am

Fastenal Company (NASDAQ:FAST) reported Q1 earnings of $0.46 per share, surpassing estimates by $0.01, and sales of $1.76 billion, slightly above the $1.75 billion forecast, causing its shares to rise by 7%. Other stocks also moved higher: M.D.C. Holdings (NYSE:MDC) after acquisition news; NovoCure (NASDAQ:NVCR) on FDA acceptance of a therapy application; Taiwan Semiconductor (NYSE:TSM) after strong Q4 results; and others on various positive updates.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 3:10 pm

In Tuesday's pre-market session, several IT stocks showed significant movement. Phunware, SEALSQ, MariaDB, WISeKey Intl Holding, Bitdeer Technologies, and Infrared Cameras Holdings were gainers, with Phunware leading at a 50.5% increase. On the losing side, Bit Origin, Applied Digital, BIO-key Intl, BTC Digital, TeraWulf, and ARB IOT Group saw declines, with Bit Origin dropping 24.7%. Applied Digital's drop is attributed to its Q2 earnings report released today.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:05 pm

Shares of miners and crypto-related stocks are down following SEC approval of spot Bitcoin ETFs, indicating market volatility in the sector. This includes companies like Coinbase (COIN), Robinhood (HOOD), Riot Blockchain (RIOT), MicroStrategy (MSTR), Marathon Digital Holdings (MARA), Bitdeer Technologies Holding Company (BTDR), Cleanspark (CLSK), HIVE Blockchain Technologies (HIVE), Hut 8 Mining (HUT), and Wulf Blockchain (WULF).

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:05 pm

Delta Air Lines, Inc. (NYSE:DAL) reported Q4 FY23 results with operating revenue growth of 5.9% Y/Y to $14.22 billion and adjusted EPS of $1.28, beating consensus. Despite this, DAL shares fell 7.9%. Other stocks also moved lower, including United Airlines (NASDAQ:UAL) and American Airlines (NASDAQ:AAL), which dropped in sympathy with Delta. Various other stocks across different sectors also recorded losses on Friday.

Portfolio Pulse from Avi Kapoor

January 12, 2024 | 3:39 pm

TechTarget, Inc. (TTGT) shares rose by 14.4% after announcing a strategic combination with Informa Tech's digital businesses. Other stocks experienced significant movements in Thursday's mid-day session, with various companies reporting acquisitions, financial results, and other business updates. Notably, First Financial Northwest, Inc. (FFNW) surged 53% due to an acquisition announcement, and Transphorm, Inc. (TGAN) jumped 25.3% after a buyout offer. Crypto-related stocks like Canaan Inc. (CAN) and Stronghold Digital Mining, Inc. (SDIG) also rose after the SEC approved the listing and trading of spot Bitcoin ETFs. Conversely, several companies saw their shares fall, such as Clearmind Medicine Inc. (CMND), Office Properties Income Trust (OPI), and Plug Power Inc. (PLUG), which was downgraded by an analyst.

Portfolio Pulse from Avi Kapoor

January 11, 2024 | 6:32 pm

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