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

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

Several major stocks, including Smith & Wesson Brands, Abacus Life, and others, are experiencing declines in Friday's pre-market session. Despite Smith & Wesson beating earnings and sales estimates, its shares fell 4%. Other notable declines include Molecular Partners, NANO Nuclear Energy, VinFast Auto, Bitdeer Technologies, Abacus Life, TeraWulf, Iris Energy, and GameStop.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 9:42 am

Several major stocks are experiencing declines in Tuesday's pre-market session. Notable drops include NextEra Energy (NEE) after announcing a $2 billion equity unit sale, Lennar Corporation (LEN) following quarterly results, and Veris Residential (VRE) after a share offering. Other companies like UroGen Pharma (URGN), Bitdeer Technologies (BTDR), NetEase (NTES), Recursion Pharmaceuticals (RXRX), and Takeda Pharmaceutical (TAK) also saw pre-market declines.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 12:39 pm

Ovid Therapeutics shares dropped 65.7% after Takeda's Skyline study in Dravet syndrome missed its primary endpoint. Other notable stock movements include Interactive Strength, Mustang Bio, Allego, and Scinai Immunotherapeutics among gainers, and Aerovate Therapeutics, Kaival Brands Innovations, and Workhorse Group among losers.

Portfolio Pulse from Avi Kapoor

June 17, 2024 | 5:21 pm

10x Research highlights significant gains in Bitcoin mining stocks like Bitfarms and Bitdeer but advises cautious optimism due to Bitcoin's failure to break critical resistance levels and challenges in the mining sector. Strategic timing and risk management are recommended.

Portfolio Pulse from Khyathi Dalal

June 14, 2024 | 8:05 pm

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