Bitdeer TechnologiesBTDR
BTDR
About: Bitdeer Technologies Group is principally engaged in provision of digital asset mining services. Its majority business segments are: proprietary mining, cloud hash rate sharing and cloud hosting. The company operates five proprietary mining datacenters in the United States and Norway.
Employees: 211
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 9 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
253% more call options, than puts
Call options by funds: $44.2M | Put options by funds: $12.5M
91% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 22
32% more funds holding
Funds holding: 62 [Q2] → 82 (+20) [Q3]
24% more capital invested
Capital invested by funds: $94.8M [Q2] → $117M (+$22.5M) [Q3]
2.36% more ownership
Funds ownership: 13.72% [Q2] → 16.08% (+2.36%) [Q3]
6% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 16
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13
37%
downside
Avg. target
$20
1%
downside
High target
$29
42%
upside
9 analyst ratings
9 positive
100%
0 neutral
0%
0 negative
0%
B. Riley Securities Lucas Pipes 62% 1-year accuracy 71 / 114 met price target | 17%upside $24 | Buy Maintained | 19 Dec 2024 |
Roth MKM Darren Aftahi 66% 1-year accuracy 19 / 29 met price target | 42%upside $29 | Buy Maintained | 17 Dec 2024 |
Benchmark Mark Palmer 77% 1-year accuracy 63 / 82 met price target | 42%upside $29 | Buy Maintained | 9 Dec 2024 |
Northland Capital Markets Mike Grondahl 73% 1-year accuracy 29 / 40 met price target | 2%downside $20 | Outperform Maintained | 6 Dec 2024 |
Rosenblatt Kevin Cassidy 56% 1-year accuracy 30 / 54 met price target | 7%upside $22 | Buy Maintained | 6 Dec 2024 |
Financial journalist opinion
Based on 3 articles about BTDR published over the past 30 days
Negative
Benzinga
1 week ago
Top 3 Tech Stocks That May Collapse This Quarter
As of Dec. 13, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Positive
Investors Business Daily
2 weeks ago
Bitcoin Powers Past $100K; Crypto Stocks Rally, Analysts React
Bitcoin price finally topped $100,000 on the back of Donald Trump's SEC nominee, Fed Chair Jerome Powell comments. Cryptos rally.
Neutral
GlobeNewsWire
4 weeks ago
Bitdeer Announces Pricing of US$360.0 Million Convertible Senior Notes Offering
SINGAPORE, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced the pricing of US$360.0 million principal amount of 5.25% Convertible Senior Notes due 2029 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company has also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional US$40.0 million principal amount of the notes. The sale of the notes is expected to close on November 26, 2024, subject to customary closing conditions.
Neutral
GlobeNewsWire
4 weeks ago
Bitdeer Announces Proposed Private Placement of US$360.0 Million of Convertible Senior Notes
SINGAPORE, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced that it intends to offer, subject to market conditions and other factors, US$360.0 million principal amount of Convertible Senior Notes due 2029 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also intends to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional US$40.0 million principal amount of notes.
Neutral
GlobeNewsWire
1 month ago
Bitdeer AI Named Top 100 Software Companies of 2024 by The Software Report
SINGAPORE, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Bitdeer AI, part of Bitdeer Technologies Group (NASDAQ: BTDR), an emerging AI cloud service provider, is proud to announce its inclusion in the Top 100 Software Companies of 2024, ranked 8 in the Cloud Management by The Software Report.
Neutral
Seeking Alpha
1 month ago
Bitdeer Technologies: Managing The New Economics Of Bitcoin Mining (Rating Downgrade)
Shares of Bitdeer have surged amid sharply higher Bitcoin prices. The company's Q3 earnings report was pressured by shifting market economics following the Bitcoin halving earlier this year. The company is launching a proprietary AISC Bitcoin mining platform, expected to generate financial efficiencies and drive strong growth.
Positive
Benzinga
1 month ago
Bitdeer Technologies' Strong Growth Potential Highlighted By Analysts Amid Bitcoin Bull Market
Bitdeer Technologies Group BTDR shares are trading lower on Tuesday.
Neutral
Seeking Alpha
1 month ago
Bitdeer Technologies Group (BTDR) Q3 2024 Earnings Call Transcript
Bitdeer Technologies Group (NASDAQ:BTDR ) Q3 2024 Earnings Call Transcript November 18, 2024 8:00 AM ET Company Participants Yujia Zhai - IR, Orange Group Haris Basit - CSO Jeff LaBerge - Head of Capital Markets & Strategic Initiatives Jihan Wu - Chairman and CEO Matt Kong - Chief Business Officer Conference Call Participants Greg Lewis - BTIG Brett Knoblauch - Cantor Fitzgerald Kevin Cassidy - Rosenblatt Securities Darren Aftahi - Roth Mike Colonnese - H.C. Wainwright & Company John Todaro - Needham & Company Nick Giles - B.
Negative
Zacks Investment Research
1 month ago
Bitdeer Technologies Group (BTDR) Reports Q3 Loss, Lags Revenue Estimates
Bitdeer Technologies Group (BTDR) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to earnings of $0.09 per share a year ago.
Negative
Zacks Investment Research
1 month ago
Analysts Estimate Bitdeer Technologies Group (BTDR) to Report a Decline in Earnings: What to Look Out for
BITDEER TEC GRP (BTDR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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