Bitdeer Technologies Group (BTDR) AI Stock Analysis

Bitdeer Technologies Group, headquartered in Singapore, functions as a technology provider serving the cryptocurrency mining community. Established with a focus on mining cryptocurrencies for its own portfolio, the company also offers solutions tailored to meet the needs of cryptocurrency miners worldwide. Bitdeer manages every aspect of the mining process, from procuring miners and handling transport logistics to designing and constructing mining datacenters, managing mining machines, and overseeing daily operations. Its mining datacenters are strategically deployed in global locations including the United States and Norway, equipped with advanced infrastructure to support individual miners and institutional clients.

Bitdeer achieved a 5-year revenue CAGR of 27.2% from FY2020 to FY2025. Annual revenue expanded from $394.7M in FY2021 to $620.3M in FY2025, when revenue grew 77.3% and net income reached $65.6M. However, operating margin fell from 33.1% in FY2021 to -29.8% in FY2025, and gross margin declined from 61.2% to 9.8%. For the trailing twelve months ended June 30, 2026, revenue was $812.3M with an operating margin of -34.9% and a profit margin of -28.1%. In the latest quarter ended June 30, 2026, quarterly revenue growth was 47.1% year-over-year.

As of June 30, 2026, Bitdeer held $494.1M in cash and short-term investments against total debt of $1.95B, resulting in net debt of $1.46B. Total assets were $3.45B and shareholders' equity was $1.10B, reflecting a current ratio of 1.01 and a debt-to-equity ratio of 1.77. In FY2025, the company used $267.7M for capital expenditures and $65.0M for share buybacks, while generating operating cash flow of -$1.74B and free cash flow of -$2.01B.

Bitdeer trades at a forward P/E of 8.8x, below the 18.8x median of its US-listed Technology peers. Its enterprise value of $4.84B corresponds to an EV-to-EBITDA multiple of 13.2x, compared to the peer group median of 16.6x, and a price-to-sales multiple of 2.6x versus the peer median of 2.8x. Over the past year, BTDR shares fell 70.2%, underperforming the S&P 500 (SPY) return of 16.8%. Over a 5-year period, the stock returned -22.3% compared to an 83.0% gain for the benchmark.

Bitdeer has consensus coverage consisting of 10 Strong Buy, 3 Buy, 1 Hold, and 0 Sell ratings. The mean price target is $22.14, representing a 186.8% premium to the last close of $7.72 on October 16, 2026. For the fiscal year ending December 31, 2026, analysts estimate revenue of $932.6M and EPS of -$1.58. For the next fiscal year, 4 analysts estimate revenue of $1.56B and EPS of -$0.37. The company logged 0 EPS beats over the last 4 quarters, and its next earnings date is November 9, 2026.

This page is an AI-written research summary of Bitdeer Technologies Group (BTDR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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