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

HC Wainwright & Co. analyst Mike Colonnese has initiated coverage on Bitdeer Technologies (NASDAQ:BTDR) with a Buy rating and a price target of $20.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 10:32 am

Several stocks experienced significant price movements in Friday's mid-day session. Amyris, Inc. (AMRS) and Proterra Inc. (PTRA) both filed for Chapter 11 bankruptcy, causing their shares to jump 179.1% and 37% respectively. Rigetti Computing, Inc. (RGTI), Telesat Corporation (TSAT), Ouster, Inc. (OUST), Evolv Technologies Holdings, Inc. (EVLV), Innodata Inc. (INOD), Apyx Medical Corporation (APYX), IonQ, Inc. (IONQ), 2U, Inc. (TWOU), Groupon, Inc. (GRPN), Bitdeer Technologies Group (BTDR), MicroCloud Hologram Inc. (HOLO), Tango Therapeutics, Inc. (TNGX), Eton Pharmaceuticals, Inc. (ETON), ModivCare Inc. (MODV), WeWork Inc. (WE), Arco Platform Limited (ARCE), Semler Scientific, Inc. (SMLR), Soho House & Co Inc. (SHCO), CleanSpark, Inc. (CLSK), Consolidated Water Co. Ltd. (CWCO), Apellis Pharmaceuticals, Inc. (APLS), Pagaya Technologies Ltd. (PGY), Erasca, Inc. (ERAS), NextNav Inc. (NN), and Holley Inc. (HLLY) all reported better-than-expected results, causing their shares to rise. Cano Health, Inc. (CANO) reported worse-than-expected results and is pursuing a sale process, causing its shares to dip 70.7%. Yield10 Bioscience, Inc. (YTEN) announced pricing of a $3.7 million public offering, causing its shares to fall 58.1%. Maxeon Solar Technologies, Ltd. (MAXN) reported mixed results and issued FY23 revenue guidance below estimates, causing its shares to fall 32%.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 5:47 pm

During Friday's intraday session, several information technology stocks experienced significant movements. Gainers included Airspan Networks Hldgs (AMEX:MIMO), Bitdeer Technologies (NASDAQ:BTDR), Rigetti Computing (NASDAQ:RGTI), MicroCloud Hologram (NASDAQ:HOLO), Evolv Technologies (NASDAQ:EVLV), and ICZOOM Group (NASDAQ:IZM). Losers included Maxeon Solar Technologies (NASDAQ:MAXN), One Stop Systems (NASDAQ:OSS), XIAO-I (NASDAQ:AIXI), AudioEye (NASDAQ:AEYE), Cepton (NASDAQ:CPTN), and Luna Innovations (NASDAQ:LUNA). Most of these movements were accompanied by high trading volumes and recent Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 5:31 pm

Several US stocks recorded gains in Friday's session, with Evolv Technologies, Innodata, IonQ, Groupon, Bitdeer Technologies, Tango Therapeutics, Eton Pharmaceuticals, ModivCare, WeWork, Arco Platform, Semler Scientific, Soho House & Co, CleanSpark, Consolidated Water, Apellis Pharmaceuticals, Pagaya Technologies, Avadel Pharmaceuticals, Erasca, Sage Therapeutics, Blend Labs, NextNav, Similarweb, Granite Ridge Resources, Despegar.com, First Foundation, P10, Holley, Spectrum Brands, and Hawkins all seeing significant increases. Many of these companies recently reported better-than-expected financial results, while others saw their stock prices rise following positive analyst ratings or insider trading.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 3:14 pm

Bitdeer Technologies reported unaudited financial results for Q2 and provided an operational update, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 3:10 pm

Bitdeer Technologies Group (NASDAQ:BTDR) has announced the completion of its new Bitcoin mining facility in Bhutan. The facility, which received around 15,000 new mining machines in July, has 11,000 of these machines already operational. The company's self-mining operations produced 220 Bitcoin in July, a 41% increase compared to the previous year. The company's own hash rate had climbed to 7.9 EH/s by the end of July, a jump from 6.2 EH/s at June's end.

Portfolio Pulse from Murtuza Merchant

August 08, 2023 | 3:29 pm

Bitdeer Technologies Group (NASDAQ:BTDR) announced its unaudited mining and operations updates for July 2023, revealing that it mined 220 Bitcoins, a 41% year-over-year increase. The company also reported steady growth in its total hash rate under management, as it expanded its self-owned and hosted mining machines.

Portfolio Pulse from Charles Gross

August 07, 2023 | 9:02 pm

During Friday's intraday session, several information technology stocks experienced significant movement. UTime, Ondas Holdings, Sigmatron International, XIAO-I, Data Storage, and Universal Security were among the gainers, with increases ranging from 7.12% to 21.0%. On the other hand, Sigma Additive Solutions, MicroCloud Hologram, Rigetti Computing, Pagaya Techs, Bitdeer Technologies, and FOXO Technologies saw decreases ranging from 8.61% to 34.8%.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 5:30 pm

The article lists five tech stocks that are considered overbought and may experience a fall in the short term. These include Cipher Mining Inc. (CIFR), Bitdeer Technologies Group (BTDR), Applied Optoelectronics, Inc. (AAOI), Riot Platforms, Inc. (RIOT), and Super Micro Computer, Inc. (SMCI). The Relative Strength Index (RSI) of these stocks is above 70, indicating they are overbought.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 12:48 pm

Bitdeer Technologies Group (NASDAQ:BTDR) reported a 35.8% YoY increase in Bitcoin mined in June 2023. The company's proprietary hash rate also increased by 0.8 EH/s from May 2023 due to the arrival of 8,000 new mining machines at its Gedu mining data center in Bhutan. The Gedu Datacenter is expected to commence operations in July 2023, contributing an additional 100MW to the company's electricity capacity. The company is also constructing a 175MW immersion cooling data center in Tydal, Norway, expected to be completed in 2025. BTDR shares are trading higher by 5.78% to $13.37.

Portfolio Pulse from Nabaparna Bhattacharya

July 10, 2023 | 2:32 pm

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