Summer Sale - Claim 70% Off TipRanks
- Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
- Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks
Bitdeer Technologies ( (BTDR) ) just unveiled an announcement.
In its unaudited results for the second quarter ended June 30, 2026, Bitdeer reported revenue rising to US$228.8 million from US$155.6 million a year earlier, but cost of revenue climbed faster, resulting in a US$8.5 million gross loss and widening net loss of US$92.3 million versus US$62.9 million. Despite the loss, adjusted EBITDA surged to US$31.1 million, supported by strong growth in self-mining capacity to 73 EH/s, total managed hash rate of 86.1 EH/s, and 2,694 BTC mined, while cash and digital assets balances reached US$496.3 million and US$196.9 million respectively.
Operationally, the quarter underscored Bitdeer’s strategic shift from pure crypto mining to an integrated AI and colocation infrastructure platform, highlighted by a 16‑year, US$4.7 billion AI/HPC data center lease at its Tydal, Norway site and ongoing AI-focused redesigns in U.S. and European facilities. With major online capacity in Texas and Bhutan and multiple new phases in Norway scheduled from late 2026 through 2027, management is positioning the company’s substantial power footprint and SEALMINER fleet as a vertically integrated stack spanning power, hardware, and AI cloud infrastructure, which could alter its risk profile and revenue mix for shareholders over time.
The most recent analyst rating on (BTDR) stock is a Buy
with a $22.00 price target.
To see the full list of analyst forecasts on Bitdeer Technologies stock,
see the BTDR Stock Forecast page.
Spark’s Take on BTDR Stock
According to Spark, TipRanks’ AI Analyst, BTDR is a Neutral.
BTDR’s score is held down primarily by weak financial performance—large losses, significant cash burn, and sharply higher leverage—despite improving revenue momentum. Technicals add additional pressure with the stock trading well below major moving averages. The earnings call provides some offset through strong operational growth signals (mining expansion and accelerating AI cloud ARR), but near-term margin, cash-flow, and financing risks remain the dominant factors.
To see Spark’s full report on BTDR stock,
click here.
More about Bitdeer Technologies
Bitdeer Technologies Group is a Singapore-based, Nasdaq-listed technology company focused on Bitcoin mining and AI infrastructure. It operates self-owned and third‑party data centers, offers hosting and cloud hash rate services, and is increasingly repositioning its global power and data center portfolio toward high-performance computing, AI cloud, and colocation solutions for large-scale enterprise and AI customers.
Average Trading Volume: 10,638,616
Technical Sentiment Signal: Sell
Current Market Cap: $2.65B
See more data about BTDR stock on TipRanks’ Stock Analysis page.