Bitdeer Technologies (BTDR) and Progress Software (PRGS) See Surge in Options Trading Volume
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
Source: NASDAQ.COM
- Surge in BTDR Options Volume: Bitdeer Technologies Group's options trading volume reached 85,982 contracts, equivalent to approximately 8.6 million shares, exceeding 158.4% of its average daily trading volume of 5.4 million shares over the past month, indicating strong market interest in its future performance.
- High Demand for Call Options: Notably, the $20 strike call option expiring on March 20, 2026, saw a trading volume of 18,026 contracts today, representing about 1.8 million underlying shares, suggesting heightened investor expectations for BTDR's stock price appreciation.
- PRGS Options Activity: Progress Software Corp experienced an options trading volume of 8,499 contracts, equivalent to approximately 849,900 shares, or 146.7% of its average daily trading volume of 579,360 shares over the past month, reflecting sustained market interest in its stock.
- Active Call Options Trading: The $47.50 strike call option expiring on February 20, 2026, recorded a trading volume of 2,192 contracts today, representing approximately 219,200 underlying shares, indicating optimistic sentiment among investors regarding PRGS's future performance.
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Analyst Views on BTDR
Wall Street analysts forecast BTDR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTDR is 32.60 USD with a low forecast of 25.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 13.260
Low
25.00
Averages
32.60
High
40.00
Current: 13.260
Low
25.00
Averages
32.60
High
40.00
About BTDR
Bitdeer Technologies Group is a technology company for blockchain. It provides computing solutions for customers. The Company handles processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, and equipment management. It primarily operates three business lines, namely self-mining, hash rate sharing, and hosting. Self-mining refers to cryptocurrency mining for its own account, which allows it to directly capture the high appreciation potential of cryptocurrency. It offers two types of hash rate sharing solutions, namely Cloud Hash Rate and Hash Rate Marketplace. Through Cloud Hash Rate, the Company sells its hash rate to customers. It offers hash rate subscription plans at a fixed price and shares mining income with them under certain arrangements. Its hosting services offer customers one-stop mining rig hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Faruqi & Faruqi Encourages Bitdeer Investors to Reach Out
- Legal Investigation Initiated: Faruq & Faruq LLP is investigating potential claims against Bitdeer Technologies Group, urging investors to contact them before the February 2, 2026 deadline to seek lead plaintiff status, which could significantly impact their legal rights.
- Financial Performance Miss: Bitdeer reported a third-quarter earnings per share of -$1.28 in 2025, significantly missing the consensus estimate of -$0.22, indicating a major financial setback that may erode investor confidence.
- Production Delay Impact: The company failed to timely disclose the production timeline for its fourth-generation SEALMINER A4 rigs, with mass production of the SEAL04 chip now expected to begin in Q2 2025, which could lead to further stock price declines and affect investor returns.
- Fire Incident Consequences: A fire at Bitdeer's construction facility in Ohio damaged 2 out of 26 buildings, causing the stock price to drop by 20.3% on November 13, 2025, highlighting increasing operational risks and necessitating cautious investor strategies.
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Bitdeer Technologies Group Faces Class Action Lawsuit from Shareholders
- Class Action Initiated: A shareholder has filed a class action lawsuit against Bitdeer Technologies Group for alleged misrepresentations regarding the SEALMINER A4 project, covering the period from June 6, 2024, to November 10, 2025, potentially impacting investor returns.
- Key Filing Deadline: Investors wishing to serve as lead plaintiff must submit their papers by February 2, 2026, which is crucial for directing the litigation and could influence the outcome for the class members.
- Fee Structure: The lawsuit is represented by Bernstein Liebhard LLP, where shareholders incur no fees or expenses, as all representation is on a contingency fee basis, thereby minimizing financial risk for investors.
- Law Firm Credentials: Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and is recognized for its expertise in class actions, having been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times, underscoring its strong reputation in the legal field.
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