Bitdeer Technologies (BTDR)

• Market cap: $1.47B
• 1 day: 3.25%
• 5 days: -0.78%
• 1 month: -27.29%
• 3 months: -63.54%
• 6 months: -5.58%
• Year to date: -66.68%
• 1 year: 37.55%
• 5 years: 8.39%
• 10 years: 8.39%
• Sector: Technology
• Industry: Software - Application

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

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

500% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 6 (+5) [Q4]

419% more capital invested

Capital invested by funds: $125M [Q3] → $649M (+$524M) [Q4]

144% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 25

88% more call options, than puts

Call options by funds: $155M | Put options by funds: $82.2M

43% more funds holding

Funds holding: 84 [Q3] → 120 (+36) [Q4]

15.62% more ownership

Funds ownership: 17.18% [Q3] → 32.8% (+15.62%) [Q4]

8% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 25

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $12 57% upside
• Avg. target: $19.10 151% upside
• High target: $24 215% upside

5 analyst ratings

• positive: 5 100%
• neutral: 0 0%
• negative: 0 0%

Rosenblatt Kevin Cassidy 7% 1-year accuracy 6 / 81 met price target	57% upside $12	Buy Maintained	10 Apr 2025
Needham John Todaro 17% 1-year accuracy 12 / 71 met price target	97% upside $15	Buy Maintained	19 Mar 2025
Roth MKM Darren Aftahi 4% 1-year accuracy 1 / 23 met price target	208% upside $24	Buy Reiterated	26 Feb 2025
Benchmark Mark Palmer 43% 1-year accuracy 32 / 75 met price target	215% upside $24	Buy Maintained	26 Feb 2025
HC Wainwright & Co. Mike Colonnese 10% 1-year accuracy 6 / 62 met price target	176% upside $21	Buy Reiterated	26 Feb 2025