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 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

Benchmark analyst Mark Palmer has reiterated a Buy rating on Bitdeer Technologies (NASDAQ:BTDR) and maintained a $16 price target.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:16 pm

Analysts have provided a range of opinions on Bitdeer Technologies (NASDAQ:BTDR) over the past quarter, with the majority being bullish. The average 12-month price target has increased to $15.43. Key analysts have adjusted their ratings and price targets, reflecting their responses to recent market conditions and company performance.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 2:00 pm

HC Wainwright & Co. analyst Mike Colonnese maintains a Buy rating on Bitdeer Technologies (NASDAQ:BTDR) but lowers the price target from $20 to $17.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 11:01 am

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

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 10:37 am

Bitdeer Technologies Group (NASDAQ: BTDR) reported a net loss of $17.7 million for Q2 2024, an improvement from a $40.4 million loss in Q2 2023. Revenue increased to $99.2 million, driven by self-mining operations, despite challenges from the last Bitcoin halving. Gross profit and adjusted EBITDA also saw significant improvements.

Portfolio Pulse from Murtuza Merchant

August 12, 2024 | 5:17 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.