BTDR

Bitdeer Technologies Group

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Advanced Chart

13.130

+0.56(4.455%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

13.200

Open

12.795

VWAP

13.03

Vol

475.07K

Mkt Cap

2.47B

Low

12.790

Amount

6.19M

EV/EBITDA(TTM)

Total Shares

138.97M

2.55B

EV/OCF(TTM)

P/S(TTM)

6.94

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q2

FY2025Q3

FY2025Q4

88.72M

-10.59%

-0.095

-362.43%

142.26M

+129.35%

-0.048

-73.99%

188.37M

+172.93%

0.070

-131.39%

Estimates Revision

The market is revising Downward the revenue expectations for Bitdeer Technologies Group (BTDR) for FY2025, with the revenue forecasts being adjusted by -0.5% over the past three months. During the same period, the stock price has changed by -7.40%.

Revenue Estimates for FY2025

Revise Downward

-0.5%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+92.17%

In Past 3 Month

Stock Price

Go Down

-7.40%

In Past 3 Month

10 Analyst Rating

53.85% Upside

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 20.20 USD with a low forecast of 17.00 USD and a high forecast of 24.00 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 Buy

0 Hold

0 Sell

Strong Buy

53.85% Upside

Current: 13.130

Low

17.00

Averages

20.20

High

24.00

53.85% Upside

Current: 13.130

Low

17.00

Averages

20.20

High

24.00

B. Riley

Buy

downgrade

$18 -> $17

2025-07-10

Reason

B. Riley

Price Target

$18 -> $17

2025-07-10

downgrade

Buy

Reason

B. Riley lowered the firm's price target on Bitdeer to $17 from $18 and keeps a Buy rating on the shares. The firm updated estimates in the high performance computing space to reflect Q2 actuals.

B. Riley

Buy

maintain

$17 -> $18

2025-05-28

Reason

B. Riley

Price Target

$17 -> $18

2025-05-28

maintain

Buy

Reason

B. Riley raised the firm's price target on Bitdeer to $18 from $17 and keeps a Buy rating on the shares following the release of Q1 results. The Bitdeer story and valuation are centered around the company's entrance into the Application-Specific Integrated Circuit market with leading efficiency, aggressive self-mining growth, and the continuation of expansion into high-performance computing at key assets, the analyst tells investors in a research note. The firm's valuation now includes a higher projected self-mining hash rate and the inclusion of the power pipeline.

Rosenblatt

Kevin Cassidy

Buy

maintain

$12 -> $15

2025-05-12

Reason

Rosenblatt

Kevin Cassidy

Price Target

$12 -> $15

2025-05-12

maintain

Buy

Reason

Rosenblatt analyst Kevin Cassidy raised the firm's price target on Bitdeer to $15 from $12 and keeps a Buy rating on the shares. The firm cites upside from the company's April production update and the rebound in bitcoin prices for the target bump. Exiting Q2, Bitdeer's total energized capacity is expected to be 1.57GW, up 75% quarter-over-quarter, the analyst tells investors in a research note.

Needham

John Todaro

Strong Buy

Maintains

$15 → $13

2025-04-21

Reason

Needham

John Todaro

Price Target

$15 → $13

2025-04-21

Maintains

Strong Buy

Reason

Needham analyst John Todaro lowered the firm's price target on Bitdeer to $13 from $15 and keeps a Buy rating on the shares. The firm has reduced its adjusted EBITDA estimates on lower ASIC - Application-Specific Integrated Circuit - chip deliveries in the second half and slight increases in power costs, SG&A, and R&D, adding that there is continued softened demand for ASICs due to the bitcoin price slump and macro uncertainty,the analyst tells investors in a research note.

Rosenblatt

Kevin Cassidy

Strong Buy

Maintains

$25 → $12

2025-04-10

Reason

Rosenblatt

Kevin Cassidy

Price Target

$25 → $12

2025-04-10

Maintains

Strong Buy

Reason

Needham

John Todaro

Strong Buy

Maintains

$18 → $15

2025-03-19

Reason

Needham

John Todaro

Price Target

$18 → $15

2025-03-19

Maintains

Strong Buy

Reason

Needham analyst John Todaro lowered the firm's price target on Bitdeer to $15 from $18 and keeps a Buy rating on the shares. The firm is cutting its ASIC deliveries to 1.5 EH for Q2 while also lowering its Q1 self-mining revenue as Bhutan is under curtailment and because of lower bitcoin prices than in its prior estimate, the analyst tells investors in a research note.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Bitdeer Technologies Group (BTDR.O) is -2167.24, compared to its 5-year average forward P/E of -185.23. For a more detailed relative valuation and DCF analysis to assess Bitdeer Technologies Group 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-185.23

Current PE

-2167.24

Overvalued PE

737.56

Undervalued PE

-1108.02

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

7.12

Current EV/EBITDA

16.03

Overvalued EV/EBITDA

14.60

Undervalued EV/EBITDA

-0.37

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

1.90

Current PS

3.54

Overvalued PS

3.73

Undervalued PS

0.08