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

Needham analyst John Todaro has reiterated a Buy rating on Bitdeer Technologies (NASDAQ:BTDR) and maintained a price target of $14.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 10:24 am

Crypto-linked stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:42 pm

Crypto-linked companies' shares are rising as Bitcoin's price increases, driven by traders evaluating potential rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 4:56 pm

Shares of crypto companies are experiencing an uptick as Bitcoin prices rise.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 4:18 pm

Shares of crypto companies are trading lower as Bitcoin's price declines, potentially influenced by mixed economic data affecting rate cut expectations.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 4:53 pm

Bitdeer Technologies Group (NASDAQ:BTDR) reported its August 2024 operations update, highlighting the mining of 166 Bitcoins and a decrease in client-hosted mining machines. The company is progressing with its SEALMINER A1 production and various datacenter expansions. Bitdeer also completed a $172.5 million convertible notes offering for expansion and development purposes.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:22 pm

Bitdeer Technologies (NASDAQ:BTDR) has received mixed analyst ratings over the past three months, with a majority being bullish. The average 12-month price target is $14.6, with a high of $20.00 and a low of $9.00. The company's financials show positive revenue growth but lag behind industry peers, with a net margin of -17.88% and a debt-to-equity ratio of 0.24.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 5:00 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

September 03, 2024 | 4:24 pm

Crypto-linked stocks are experiencing a decline as Bitcoin prices drop. This is influenced by economic contraction signals from August's ISM Manufacturing PMI data and anticipation of non-farm payrolls data, which could impact future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 3:59 pm

The article highlights significant options activity in the Information Technology sector, focusing on trades involving companies like NVDA, AAPL, MSFT, AMD, SMCI, PANW, PLTR, BTDR, GTLB, and MARA. These activities include both call and put options with varying sentiments, indicating potential market movements.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 5:35 pm

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