(BTDR) Bitdeer Technologies - Overview

Sector: Technology | Industry: Software - Application | Exchange: NASDAQ (USA) | Market Cap: 4.472m USD | Total Return: 38.3% in 12m

Cryptocurrency Mining, Hash Rate, Data Centers, Mining Hardware
Total Rating 28
Safety 30
Buy Signal 0.14
Software - Application
Industry Rotation: -4.6
Market Cap: 4.47B
Avg Turnover: 160M
Risk 3d forecast
Volatility118%
VaR 5th Pctl18.9%
VaR vs Median-2.58%
Reward TTM
Sharpe Ratio0.78
Rel. Str. IBD94.1
Rel. Str. Peer Group94.3
Character TTM
Beta3.382
Beta Downside3.143
Hurst Exponent0.585
Drawdowns 3y
Max DD79.52%
CAGR/Max DD0.65
CAGR/Mean DD1.19
EPS (Earnings per Share) EPS (Earnings per Share) of BTDR over the last years for every Quarter: "2021-06": -0.01, "2021-09": -0.04, "2021-12": -0.1126, "2022-03": -0.1, "2022-06": -0.1, "2022-09": -0.07, "2022-12": -0.07, "2023-03": -0.09, "2023-06": -0.3639, "2023-09": -0.02, "2023-12": -0.05, "2024-03": 0.07, "2024-06": 0.04, "2024-09": -0.18, "2024-12": -0.22, "2025-03": 2.15, "2025-06": -0.13, "2025-09": -0.16, "2025-12": -0.31, "2026-03": -0.46,
Last SUE: -0.13
Qual. Beats: 0
Revenue Revenue of BTDR over the last years for every Quarter: 2021-06: 109.838, 2021-09: 87.4925, 2021-12: 87.4925, 2022-03: 90.441, 2022-06: 89.178, 2022-09: 76.582, 2022-12: 77.141, 2023-03: 72.587, 2023-06: 93.816, 2023-09: 87.303, 2023-12: 114.848, 2024-03: 119.506, 2024-06: 99.229, 2024-09: 62.029, 2024-12: 69.018, 2025-03: 70.128, 2025-06: 155.582, 2025-09: 169.708, 2025-12: 224.835, 2026-03: 188.93,
Rev. CAGR: 22.62%
Rev. Trend: 68.3%
Last SUE: 0.32
Qual. Beats: 0

Warnings

Interest Coverage Ratio -1.9 is critical

Beneish M-Score 1.00 > -1.5 - likely earnings manipulation

Altman Z'' 0.51 < 1.0 - financial distress zone

Tailwinds

Supp Ema20, Rs Leader, Idiosyncratic Leader

Description: BTDR Bitdeer Technologies

Bitdeer Technologies Group is a Singapore-based technology firm specializing in blockchain infrastructure and high-performance computing (HPC). The company operates a diversified business model that includes self-mining, hash rate sharing services, and third-party hosting solutions across data centers in North America, Europe, Africa, and Asia. Beyond cryptocurrency operations, Bitdeer provides AI cloud services and develops proprietary hardware under the SEALMINER brand.

The company functions within the vertically integrated mining sector, where controlling both hardware manufacturing and data center operations helps mitigate the volatility of network difficulty and energy costs. As high-performance computing demand rises, many blockchain infrastructure providers are repurposing power capacity to support AI workloads. Investors can find deeper insights into these operational shifts by exploring the data on ValueRay.

Bitdeer also provides Minerplus, a specialized software platform designed to optimize hardware maintenance and management. This technical integration allows the company to manage the end-to-end lifecycle of computing power, from equipment procurement and logistics to data center construction and daily operational oversight.

Headlines to Watch Out For
  • Proprietary SEALMINER chip integration improves self-mining margins and hardware sales
  • AI Cloud and HPC expansion diversifies revenue beyond crypto mining
  • Global datacenter capacity growth in Bhutan and Ethiopia scales hash rate
  • Bitcoin price volatility and network difficulty impact mining profitability
Piotroski VR-10 (Strict) 0.5
Net Income: -503.4m TTM > 0 and > 6% of Revenue
FCF/TA: -0.68 > 0.02 and ΔFCF/TA -9.63 > 1.0
NWC/Revenue: 95.53% < 20% (prev 65.94%; Δ 29.59% < -1%)
CFO/TA -0.58 > 3% & CFO -1.80b > Net Income -503.4m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 1.85 > 1.5 & < 3
Outstanding Shares: last quarter (233.4m) vs 12m ago 2.11% < -2%
Gross Margin: 3.41% > 18% (prev 9.42%; Δ -6.01% > 0.5%)
Asset Turnover: 31.45% > 50% (prev 18.79%; Δ 12.66% > 0%)
Interest Coverage Ratio: -1.86 > 6 (EBIT TTM -202.8m / Interest Expense TTM 109.1m)
Altman Z'' 0.51
A: 0.23 (Total Current Assets 1.54b - Total Current Liabilities 832.0m) / Total Assets 3.10b
B: -0.22 (Retained Earnings -693.0m / Total Assets 3.10b)
C: -0.09 (EBIT TTM -202.8m / Avg Total Assets 2.35b)
D: 0.31 (Book Value of Equity 730.1m / Total Liabilities 2.37b)
Altman-Z'' = 0.51 = B
Beneish M 1.00
DSRI: 3.94 (Receivables 252.8m/26.1m, Revenue 739.1m/300.4m)
GMI: 2.77 (GM 9.42% / 3.41%)
AQI: 0.56 (AQ_t 0.07 / AQ_t-1 0.13)
SGI: 2.46 (Revenue 739.1m / 300.4m)
TATA: 0.42 (NI -503.4m - CFO -1.80b) / TA 3.10b)
Beneish M = 1.82 (Cap -4..+1) = D
What is the price of BTDR shares?

As of June 07, 2026, the stock is trading at USD 17.47 with a total of 15,583,775 shares traded.
Over the past week, the price has changed by -0.11%, over one month by +39.98%, over three months by +123.97% and over the past year by +38.32%.

Is BTDR a buy, sell or hold?

Bitdeer Technologies has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy BTDR.

  • StrongBuy: 8
  • Buy: 4
  • Hold: 0
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the BTDR price?
Analysts Target Price 21.5 23.2%
Bitdeer Technologies (BTDR) - Fundamental Data Overview as of 30 May 2026
Market Cap USD = 4.47b (4.47b USD * 1.0 USD.USD)
P/E Forward = 1000.0
P/S = 6.0511
P/B = 6.1252
Revenue TTM = 739.1m USD
EBIT TTM = -202.8m USD
EBITDA TTM = -34.7m USD
Long Term Debt = 1.38b USD (from longTermDebt, last quarter)
Short Term Debt = 566.1m USD (from shortTermDebt, last quarter)
Debt = 2.14b USD (from shortLongTermDebtTotal, last quarter) + Leases 108.6m
Net Debt = 1.84b USD (calculated: Debt 2.14b - CCE 296.0m)
Enterprise Value = 6.31b USD (4.47b + Debt 2.14b - CCE 296.0m)
Interest Coverage Ratio = -1.86 (Ebit TTM -202.8m / Interest Expense TTM 109.1m)
EV/FCF = -2.98x (Enterprise Value 6.31b / FCF TTM -2.12b)
FCF Yield = -33.54% (FCF TTM -2.12b / Enterprise Value 6.31b)
 FCF Margin = -286.5% (FCF TTM -2.12b / Revenue TTM 739.1m)
 Net Margin = -68.11% (Net Income TTM -503.4m / Revenue TTM 739.1m)
Gross Margin = 3.41% ((Revenue TTM 739.1m - Cost of Revenue TTM 713.9m) / Revenue TTM)
Gross Margin QoQ = -20.66% (prev 4.70%)
Tobins Q-Ratio = 2.04 (Enterprise Value 6.31b / Total Assets 3.10b)
Interest Expense / Debt = 5.10% (Interest Expense 109.1m / Debt 2.14b)
Taxrate = 7.39% (5.23m / 70.8m)
NOPAT = -187.8m (EBIT -202.8m * (1 - 7.39%)) [loss with tax shield]
Current Ratio = 1.85 (Total Current Assets 1.54b / Total Current Liabilities 832.0m)
Debt / Equity = 2.93 (Debt 2.14b / totalStockholderEquity, last quarter 730.1m)
 Debt / EBITDA = -53.08 (negative EBITDA) (Net Debt 1.84b / EBITDA -34.7m)
 Debt / FCF = -0.87 (negative FCF - burning cash) (Net Debt 1.84b / FCF TTM -2.12b)
 Total Stockholder Equity = 719.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -21.42% (Net Income -503.4m / Total Assets 3.10b)
RoE = -69.95% (Net Income TTM -503.4m / Total Stockholder Equity 719.6m)
RoCE = -9.68% (EBIT -202.8m / Capital Employed (Equity 719.6m + L.T.Debt 1.38b))
 RoIC = -6.71% (negative operating profit) (NOPAT -187.8m / Invested Capital 2.80b)
 WACC = 13.63% (E(4.47b)/V(6.61b) * Re(17.88%) + D(2.14b)/V(6.61b) * Rd(5.10%) * (1-Tc(0.07)))
Discount Rate = 17.88% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 86.67 | Cagr: 39.10%
 [DCF] Fair Price = unknown (Cash Flow -2.12b)
 EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.13 | # QB: 0
Revenue Correlation: 68.34 | Revenue CAGR: 22.62% | SUE: 0.32 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.32 | Chg30d=-106.59% | Revisions=-33% | Analysts=3
EPS next Quarter (2026-09-30): EPS=-0.18 | Chg30d=N/A | Revisions=-33% | Analysts=3
EPS current Year (2026-12-31): EPS=-1.28 | Chg30d=-178.80% | Revisions=-33% | GrowthEPS=-30.7% | GrowthRev=+55.8%
EPS next Year (2027-12-31): EPS=-0.20 | Chg30d=N/A | Revisions=-20% | GrowthEPS=+84.2% | GrowthRev=+46.8%
[Analyst] Revisions Ratio: -33%