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

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

May 15, 2024 | 9:55 am

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

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:44 pm

Bitdeer Technologies (NASDAQ:BTDR) reported Q1 earnings of $0.01 per share, missing the consensus estimate of $0.11 by 90.91%. However, their quarterly sales of $119.50M exceeded the estimate of $117.53M by 1.68%, marking a 64.60% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:41 pm

Bitdeer Technologies Group (NASDAQ:BTDR) reported a 13.7% increase in Bitcoin mined in April 2024 compared to April 2023, despite a 9.9% decrease from March 2024 due to the Bitcoin halving event. The company's total hash rate and mining machines under management showed growth year-over-year. Bitdeer is advancing in the construction of datacenters in Norway, the United States, and Bhutan, with completion expected by mid-2025. Additionally, the company is progressing with its mining machine project, planning trial production in May and June 2024.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:48 pm

Crypto-related stocks are trading lower due to a decrease in Bitcoin prices. Stocks like CLSK, MARA, and RIOT are also down, partly in sympathy with MicroStrategy's post-earnings drop.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:55 am

In Thursday's after-market session, 12 Information Technology stocks showed notable movements. Gainers included Ostin Technology Group (OST) with a 9.0% increase, Bitdeer Technologies (BTDR) up by 4.47%, and XIAO-I (AIXI) rising 4.44%. On the losing end, VIA optronics (VIAO) dropped 13.8%, UTime (WTO) fell by 5.0%, and Akoustis Technologies (AKTS) declined by 4.06%. These movements reflect significant volatility in the tech sector, with specific companies experiencing notable changes in their stock prices.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 8:31 pm

Benchmark analyst Mark Palmer reiterates a Buy rating on Bitdeer Technologies (NASDAQ:BTDR) and maintains a $13 price target.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 2:54 pm

Needham analyst John Todaro initiates coverage on Bitdeer Technologies (NASDAQ:BTDR) with a Buy rating and a price target of $14.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 11:16 am

Shares of crypto-related stocks, including BTDR, COIN, MARA, MSTR, and RIOT, are trading lower due to a decline in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:52 pm

U.S. Rep. Patrick McHenry advocates for the U.S. to lead in Bitcoin innovation, emphasizing the need for policymakers to understand the technology. He highlighted Bitcoin's resilience against attempts to halt its progress, including those by authoritarian regimes. McHenry's push for leadership in Bitcoin innovation comes amid a significant increase in Bitcoin's hashrate and mining profitability, with Bitdeer Technologies leading in mining advancements.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 4:40 am

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