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
Should l Buy BTDR?
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
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 9.610
Low
25.00
Averages
32.60
High
40.00
Current: 9.610
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.
BITDEER TECHNOLOGIES GROUP SUBMITS SEC FILING FOR UP TO $700 MILLION CLASS A ORDINARY SHARE OFFERING
Offering Details: Bitdeer Technologies Group is filing for an offering of up to $700 million in Class A ordinary shares.
Regulatory Filing: The filing is part of the company's efforts to raise capital through the sale of its shares.
See More
Bitdeer Plans $300 Million Convertible Note Offering
- Financing Plan: Bitdeer Technologies Group announced a plan to raise $300 million through a convertible note offering, which is expected to be used for data center expansion and other corporate purposes, aiming to enhance its infrastructure and capabilities in the digital asset mining sector.
- Bond Details: The convertible notes will mature in 2032, with initial purchasers having the option to buy an additional $45 million; these notes will be unsecured obligations accruing interest payable semiannually, expected to support the company's expansion and working capital needs.
- Stock Performance: Bitdeer shares are currently priced at $8.23, trading 35.3% below the 20-day simple moving average and down 45.81% over the past 12 months, indicating ongoing market challenges and suggesting that investors should remain cautious.
- Analyst Outlook: Despite the stock pressure, analysts maintain a “Buy” rating on Bitdeer with an average price target of $25.42, reflecting confidence in its future growth potential, although recent target prices have been lowered.
See More
Bitdeer Technologies Announces $300M Convertible Note Offering
- Financing Plan: Bitdeer Technologies announced a $300 million convertible note offering due in 2032 aimed at institutional investors, which is expected to enhance the company's capital structure and financial flexibility.
- Stock Price Volatility: Following the announcement, Bitdeer's shares fell 15.92% in pre-market trading to $8.08, reflecting market caution regarding the financing plan, which may impact investor confidence.
- Use of Proceeds: The net proceeds from the issuance will be used to cover costs related to certain capped call transactions and cash consideration for concurrent note repurchase transactions, with remaining funds allocated for data center expansion, HPC, and AI cloud business development, indicating the company's focus on future growth.
- Shareholder Equity: Bitdeer also plans to offer class A ordinary shares to holders of its 5.25% convertible senior notes due 2029, with the number of shares and price to be determined at pricing, further strengthening relationships with existing shareholders.
See More
Bitdeer Plans $300 Million Raise via Convertible Notes Offering
- Funding Initiative: Bitdeer Technologies Group announced plans to raise $300 million through a private offering of convertible senior notes to support its expansion and refinance part of its existing debt, indicating a strategic focus in the Bitcoin mining and AI infrastructure sectors.
- Terms of the Notes: The notes will rank as senior unsecured obligations with interest paid semi-annually, and upon conversion, Bitdeer can opt for cash, Class A ordinary shares, or a combination of both, enhancing investor appeal through flexibility.
- Market Reaction: Following the announcement, Bitdeer’s stock traded over 14% lower in Thursday’s premarket, reflecting market caution regarding the company’s financing plans, which may impact its short-term stock performance.
- Additional Funding Opportunity: If initial purchasers exercise their option, Bitdeer could secure an additional $45 million, providing the company with further financial flexibility to support its future growth initiatives.
See More
Bitdeer (BTDR) Q4 2025 Earnings Call Transcript
See More
BITDEER TECHNOLOGIES GROUP: B. RILEY LOWERS TARGET PRICE FROM $29 TO $22
- Price Adjustment: B. Riley has reduced the target price for Bitdeer Technologies Group from $29 to $22.
- Market Impact: This adjustment reflects changing market conditions and expectations for the company's performance.
See More
BITDEER TECHNOLOGIES GROUP SUBMITS SEC FILING FOR UP TO $700 MILLION CLASS A ORDINARY SHARE OFFERING
Offering Details: Bitdeer Technologies Group is filing for an offering of up to $700 million in Class A ordinary shares.
Regulatory Filing: The filing is part of the company's efforts to raise capital through the sale of its shares.
See More
Bitdeer Plans $300 Million Convertible Note Offering
- Financing Plan: Bitdeer Technologies Group announced a plan to raise $300 million through a convertible note offering, which is expected to be used for data center expansion and other corporate purposes, aiming to enhance its infrastructure and capabilities in the digital asset mining sector.
- Bond Details: The convertible notes will mature in 2032, with initial purchasers having the option to buy an additional $45 million; these notes will be unsecured obligations accruing interest payable semiannually, expected to support the company's expansion and working capital needs.
- Stock Performance: Bitdeer shares are currently priced at $8.23, trading 35.3% below the 20-day simple moving average and down 45.81% over the past 12 months, indicating ongoing market challenges and suggesting that investors should remain cautious.
- Analyst Outlook: Despite the stock pressure, analysts maintain a “Buy” rating on Bitdeer with an average price target of $25.42, reflecting confidence in its future growth potential, although recent target prices have been lowered.
See More
Bitdeer Technologies Announces $300M Convertible Note Offering
- Financing Plan: Bitdeer Technologies announced a $300 million convertible note offering due in 2032 aimed at institutional investors, which is expected to enhance the company's capital structure and financial flexibility.
- Stock Price Volatility: Following the announcement, Bitdeer's shares fell 15.92% in pre-market trading to $8.08, reflecting market caution regarding the financing plan, which may impact investor confidence.
- Use of Proceeds: The net proceeds from the issuance will be used to cover costs related to certain capped call transactions and cash consideration for concurrent note repurchase transactions, with remaining funds allocated for data center expansion, HPC, and AI cloud business development, indicating the company's focus on future growth.
- Shareholder Equity: Bitdeer also plans to offer class A ordinary shares to holders of its 5.25% convertible senior notes due 2029, with the number of shares and price to be determined at pricing, further strengthening relationships with existing shareholders.
See More
Bitdeer Plans $300 Million Raise via Convertible Notes Offering
- Funding Initiative: Bitdeer Technologies Group announced plans to raise $300 million through a private offering of convertible senior notes to support its expansion and refinance part of its existing debt, indicating a strategic focus in the Bitcoin mining and AI infrastructure sectors.
- Terms of the Notes: The notes will rank as senior unsecured obligations with interest paid semi-annually, and upon conversion, Bitdeer can opt for cash, Class A ordinary shares, or a combination of both, enhancing investor appeal through flexibility.
- Market Reaction: Following the announcement, Bitdeer’s stock traded over 14% lower in Thursday’s premarket, reflecting market caution regarding the company’s financing plans, which may impact its short-term stock performance.
- Additional Funding Opportunity: If initial purchasers exercise their option, Bitdeer could secure an additional $45 million, providing the company with further financial flexibility to support its future growth initiatives.
See More
Bitdeer (BTDR) Q4 2025 Earnings Call Transcript
See More
BITDEER TECHNOLOGIES GROUP: B. RILEY LOWERS TARGET PRICE FROM $29 TO $22
- Price Adjustment: B. Riley has reduced the target price for Bitdeer Technologies Group from $29 to $22.
- Market Impact: This adjustment reflects changing market conditions and expectations for the company's performance.
See More
