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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

In Monday's intraday session, several information technology stocks experienced significant movements. ComSovereign Holding (COMSP) led the gainers with a 44.2% increase, while Cemtrex (CETX) saw the largest drop among the losers, falling 19.4%. Other notable gainers included Argo Blockchain (ARBK), Stronghold Digital Mining (SDIG), Roadzen (RDZN), Canaan (CAN), and Bitdeer Technologies (BTDR). On the losing side, Strong Global (SGE), GSI Technology (GSIT), Minim (MINM), and XIAO-I (AIXI) also saw their share prices decline.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 5:31 pm

AAR Corp. (NYSE:AIR) shares dropped by 7% after reporting mixed Q2 results, with sales missing and EPS beating consensus. AAR also acquired Triumph Group Inc's (NYSE:TGI) Product Support business for $725 million. Other stocks experienced significant movements, with NextPlay Technologies, Inc. (NASDAQ:NXTP) and Jin Medical International Ltd. (NASDAQ:ZJYL) among the top gainers, while AlloVir, Inc. (NASDAQ:ALVR) and Jayud Global Logistics Limited (NASDAQ:JYD) were among the biggest losers. Notably, Karuna Therapeutics, Inc. (NASDAQ:KRTX) surged after an acquisition announcement by Bristol Myers Squibb & Co (NYSE:BMY), and NIKE, Inc. (NYSE:NKE) fell after mixed earnings and a cost savings plan announcement.

Portfolio Pulse from Avi Kapoor

December 22, 2023 | 6:28 pm

In Friday's intraday session, several IT stocks experienced significant movements. ComSovereign Holding (COMSP) led the gainers, rising 30.8%, followed by Argo Blockchain (ARBK), Stronghold Digital Mining (SDIG), Canaan (CAN), Soluna Holdings (SLNHP), and Bitdeer Technologies (BTDR) with substantial increases. On the losing side, Cemtrex (CETX) dropped 16.4% after Q4 earnings release, with Minim (MINM), WaveDancer (WAVD), Red Cat Holdings (RCAT), Nvni Group (NVNI), and OMNIQ (OMQS) also seeing declines.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 5:30 pm

In Monday's after-market session, several information technology stocks saw significant movements. LightPath Technologies (LPTH) led the gainers with a 16.7% increase, while Oracle (ORCL) experienced the largest drop among the losers with a 9.3% decrease after their Q2 earnings release. Other notable movers included Bitdeer Technologies (BTDR), Edgio (EGIO), and Intrusion (INTZ) with gains, and CalAmp (CAMP), Ascent Solar Technologies (ASTI), and Vislink Technologies (VISL) with losses.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 9:30 pm

Bitdeer Technologies Group (NASDAQ:BTDR) reported its November 2023 operations updates, highlighting an 81.5% year-over-year increase in Bitcoin mined, totaling 403 BTC for the month. The company's Gedu Datacenter provided a 3.3EH/s hash rate, mining 209 BTC. Bitdeer also announced becoming a Preferred Cloud Service Provider in the NVIDIA Partner Network and plans to launch Bitdeer AI Cloud in Q1 2024, powered by NVIDIA's DGX SuperPOD systems. The company's 175MW immersion cooling datacenter in Norway is on track for completion in 2025. Bitdeer operates in self-mining, hash rate sharing, and hosting, with a total hash rate under management of 21.1 EH/s and 220,000 mining machines under management. Despite the positive mining results, the company faced a temporary curtailment of power and increased electricity costs in Norway, leading to a 12.8% decrease in Bitcoin mined compared to October 2023.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:32 pm

Bitdeer and Canaan are diversifying into AI to hedge against crypto volatility. Bitdeer partners with Nvidia to provide AI cloud services, while Canaan is creating a separate AI chip unit. Despite a crypto rally, Canaan's Q3 revenue fell 77% year-on-year, while Bitdeer's grew 14%. Both companies' fortunes may improve with rising crypto prices, but they remain cautious and aim to reduce reliance on crypto through AI diversification.

Portfolio Pulse from The Bamboo Works

December 06, 2023 | 3:17 pm

Shares of crypto-related companies BITF, CAN, and MSTR are trading higher following a weekend increase in Bitcoin's price.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:40 pm

In Monday's pre-market session, SilverSun Technologies (SSNT) saw a significant rise of 209.5%, while WiSA Technologies (WISA) and Marathon Digital Holdings (MARA) also experienced notable gains. Conversely, One Stop Systems (OSS), BIO-key Intl (BKYI), and T Stamp (IDAI) were among the stocks that fell sharply.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 1:06 pm

During Tuesday's intraday session, several information technology stocks experienced significant movements. Bit Origin (BTOG), Iris Energy (IREN), Bitdeer Technologies (BTDR), Sobr Safe (SOBR), XIAO-I (AIXI), and Cleanspark (CLSK) were among the gainers, with increases ranging from 13.17% to 16.3%. On the losing side, MicroAlgo (MLGO), Bel Fuse (BELFA), MicroCloud Hologram (HOLO), ReAlpha Tech Corp (AIRE), Alarum Technologies (ALAR), and HeartCore Enterprises (HTCR) saw their stock prices decline between 10.73% and 23.3%. Notably, Alarum Technologies released their Q3 earnings report.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 5:30 pm

Major crypto miners are preparing for the Bitcoin halving event in April 2024 by focusing on capital reserves, fleet efficiency, and the use of stranded energy. At Benzinga's Future of Digital Assets event, executives from SATO Technologies, Bitfarms, and Bitdeer Technologies Group discussed strategies to mitigate the halving's impact. They emphasized the importance of sustainable energy sources, geographical diversification, and the role of institutional investors in mining. The industry is also committed to environmental sustainability by leveraging and creating renewable energy resources.

Portfolio Pulse from Murtuza Merchant

November 24, 2023 | 3:40 pm

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