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

Rosenblatt analyst Andrew Bond initiates coverage on Bitdeer Technologies (NASDAQ:BTDR) with a Buy rating and a price target of $10.5.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:20 pm

Bitdeer Technologies Group (NASDAQ:BTDR) announced its March 2024 operations updates, highlighting a 2.4% increase in Bitcoin mined compared to the previous month, totaling 294 Bitcoins. The company plans to expand its self-mining hash rate by 3.4 EH/s by end of 2024, using SEALMINER A1 machines in Texas, USA, and Norway. Bitdeer also secured a lower electricity price for its Gedu datacenter and made progress in constructing datacenters in Bhutan, Ohio, USA, and Norway. Additionally, Bitdeer completed the deployment of the NVIDIA DGX SuperPOD H100 system, becoming one of the first providers in Asia.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:52 pm

Bitdeer Technologies (NASDAQ:BTDR) reported Q4 earnings with a loss of $(0.04) per share, missing the analyst consensus estimate of $0.14. Quarterly sales were $114.85M, also missing the estimate of $124.10M. Despite these misses, both earnings and sales showed significant improvement over the same period last year, with losses decreasing by 66.67% and sales increasing by 48.88%.

Portfolio Pulse from Benzinga Newsdesk

March 29, 2024 | 4:56 am

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

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:31 pm

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

March 26, 2024 | 4:25 pm

Bitdeer Technologies Group (NASDAQ:BTDR) announced a hash rate expansion plan of approximately 3.4 EH/s as part of its strategy to expand self-mining. The company plans to install SEALMINER A1 miners in its datacenters in Texas, USA, and Norway in Q3 and Q4 2024, aiming to increase its total proprietary hash rate from 8.4 EH/s to about 11.8 EH/s. This expansion is the first step in a broader plan to add 30-40 EH/s by the end of 2025, replacing older rigs and potentially exceeding a total hash rate under management of 46 EH/s. The SEALMINER A1 is powered by the SEAL01 chip, noted for its power efficiency.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 12:06 pm

Cutera, Inc. (NASDAQ:CUTR) shares plummeted over 26% after reporting a Q4 adjusted EPS loss significantly worse than expected, despite beating sales forecasts. Other stocks experienced notable movements, with Murano Global Investments PLC (NASDAQ:MRNO) and Nova LifeStyle, Inc. (NASDAQ:NVFY) leading the gainers, while BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) and Sintx Technologies, Inc. (NASDAQ:SINT) were among the biggest losers.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 6:39 pm

Benchmark analyst Mark Palmer initiates coverage on Bitdeer Technologies (NASDAQ:BTDR) with a Buy rating and sets a price target of $13.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 2:12 pm

Crypto-related stocks, including BTDR, COIN, HIVE, and MARA, are experiencing an uptick in their trading values, correlating with an increase in Bitcoin's price.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:54 pm

Peraso Inc. reported worse-than-expected Q4 EPS results, causing its shares to fall by over 23%. Other stocks experienced significant movements, with notable gainers including Ontrak, Fusion Pharmaceuticals, and Spire Global, among others. Losers included Greenwave Technology Solutions, Seelos Therapeutics, and Comtech Telecommunications, with various reasons such as disappointing financial results, downgrades, and restructuring of debt.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 5:48 pm

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