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

Several major stocks, including Bitfarms, TeraWulf, and Applied Digital, are experiencing significant declines in Friday's pre-market session. The declines are largely attributed to a drop in Bitcoin prices and company-specific updates.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

Shares of crypto-linked stocks are trading lower amid weakness in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:01 pm

Shares of Sharps Technology, Inc. (NASDAQ:STSS) surged 31.7% in pre-market trading after receiving two purchase orders for approximately one million SecureGard syringes for 2024 delivery. Other notable pre-market movers include Qualigen Therapeutics, Inc. (NASDAQ:QLGN) up 53%, Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) up 18.7%, and Adamas One Corp. (NASDAQ:JEWL) down 19.3%.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

Bitdeer Technologies Group (NASDAQ: BTDR) announced its June 2024 production and operations update, highlighting significant achievements in Bitcoin mining, power capacity expansion, and ASIC development. The company mined 179 Bitcoin, expanded its global contracted power capacity to 2.5 GW, and made advancements in its SEALMINER technology roadmap.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 1:13 pm

In the past three months, 8 analysts have provided ratings for Bitdeer Technologies (NASDAQ:BTDR), with a majority being bullish. The average 12-month price target has decreased by 17.72% to $14.81. Analysts have maintained or announced 'Buy' ratings, with price targets ranging from $10.50 to $20.00. Bitdeer Technologies has shown strong financial performance with significant revenue growth, high net margin, and effective debt management.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 2:01 pm

Roth MKM analyst Darren Aftahi maintains a Buy rating on Bitdeer Technologies (NASDAQ:BTDR) with a $14 price target.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:05 pm

Bitdeer Technologies Group (NASDAQ:BTDR) shares are trading higher after announcing a lease agreement with the Monroe County Port Authority to secure up to 570 MW of additional power capacity. This increases Bitdeer's total capacity to 2.5 GW globally, enhancing its infrastructure for Bitcoin mining, HPC, and AI. The stock has gained over 60% in the past month and is trading above its 50-day moving average.

Portfolio Pulse from Erica Kollmann

June 28, 2024 | 1:05 pm

Bitdeer Technologies Group (NASDAQ:BTDR) has entered into a strategic partnership with the Monroe County Port Authority in Ohio to secure an additional 570 MW of power capacity, increasing its total capacity to 2.5 GW globally. This move strengthens Bitdeer's infrastructure for Bitcoin mining, high-performance computing, and AI.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 12:03 pm

Meta Platforms Inc. (NASDAQ:META) has warned the Australian government that it may block news content on its platform if required to pay licensing fees. This follows similar actions in Canada and comes amid increased scrutiny from the Australian government. The decision could impact Australian media companies and broadcasters.

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 8:34 am

Shares of crypto stocks are trading higher amid a rebound in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 2:45 pm

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