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

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

Bitdeer Technologies Group (NASDAQ:BTDR) announced a $150 million convertible notes offering to fund datacenter expansion and ASIC-based mining rig development. The offering is expected to close on August 20, 2024, with net proceeds estimated at $144.5 million.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:52 am

The article highlights significant options activity in the Information Technology sector, focusing on trades involving companies like NVDA, SMCI, BTDR, GLW, AVGO, CRWD, IREN, AMD, MRVL, and CLS. These trades, tracked by Benzinga's options activity scanner, indicate varying sentiments from bullish to bearish, potentially impacting the stock prices of these companies in the short term.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 5:35 pm

Bitdeer Technologies Group shares are trading lower following the announcement of a proposed offering of $150 million convertible notes due 2029.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 4:18 pm

Bitdeer Technologies Group has announced a proposed offering of $150 million in convertible notes due in 2029.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:12 pm

Rosenblatt analyst Andrew Bond has assumed coverage of Bitdeer Technologies (NASDAQ:BTDR) with a Buy rating and set a price target of $9.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:56 am

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