Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Bitdeer Technologies ( (BTDR) ) has shared an announcement.
On May 15, 2025, Bitdeer Technologies Group announced its unaudited financial results for the first quarter of 2025, revealing a decline in total revenue to $70.1 million from $119.5 million in Q1 2024. Despite a negative gross profit of $3.2 million, the company reported a significant net income of $409.5 million. The company is advancing its SEALMINER roadmap, aiming for a self-mining hashrate of 40 EH/s by October 2025 and developing the SEALMINER A4 project to enhance chip efficiency. Bitdeer is also expanding its global power infrastructure, targeting 1.8 GW by year-end, and is progressing in its HPC/AI data center strategy, which could strengthen its industry position.
The most recent analyst rating on (BTDR) stock is a Buy with a $29.00 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.
Bitdeer Technologies’ stock faces significant challenges due to consistent financial losses and negative cash flows, impacting its overall score. Despite promising strategic initiatives in ASIC technology and vertical integration, these are outweighed by the current financial instability and operational challenges. Technical analysis shows positive short-term momentum, but valuation metrics reflect caution due to negative earnings and lack of dividends.
To see Spark’s full report on BTDR stock, click here.
More about Bitdeer Technologies
Bitdeer Technologies Group is a leading technology company specializing in Bitcoin mining. The company focuses on developing advanced mining rigs and infrastructure, with a significant emphasis on energy efficiency and high-performance computing solutions.
Average Trading Volume: 5,647,014
Technical Sentiment Signal: Buy
Current Market Cap: $2.78B
For an in-depth examination of BTDR stock, go to TipRanks’ Stock Analysis page.