(BTDR) Bitdeer Technologies - Overview

Exchange: NASDAQ • Country: Singapore • Currency: USD • Type: Common Stock • ISIN: KYG114481008

Stock: Cloud Hash Rate, Hosting, Datacenters, Mining Rigs

Total Rating 11

Risk 32

Buy Signal -0.05

Software - Application » Application Software
Age: 2.8y

Market Cap: 2,925m
Avg Trading Vol: 80.9M USD

ATR: 10.60%
Peers RS (IBD): 54.55

EPS (Earnings per Share)

EPS CAGR: -4.88%
EPS Trend: 25.9%

Last SUE: -0.03
Qual. Beats: 0

Revenue

Rev. CAGR: 19.32%
Rev. Trend: 33.4%

Last SUE: 0.73
Qual. Beats: 0

Risk 5d forecast
Volatility	113%
Relative Tail Risk	-9.04%

Reward TTM
Sharpe Ratio	0.27
Alpha	-58.37

Character TTM
Beta	2.750
Beta Downside	2.334

Drawdowns 3y
Max DD	79.52%
CAGR/Max DD	0.07

Description: BTDR Bitdeer Technologies January 12, 2026

Bitdeer Technologies Group (NASDAQ: BTDR) is a Singapore-headquartered technology firm that provides end-to-end services for cryptocurrency mining, including cloud hash-rate leasing, a hash-rate marketplace, rig hosting, equipment procurement, datacenter design, construction, and ongoing operations, as well as selling mining rigs and offering the Minerplus software platform for maintenance automation.

Key metrics that investors watch include the company’s total deployed hash-rate (≈ 3.2 EH/s as of Q3 2024), the average revenue per terahash (≈ $0.12 / TH/day), and the utilization rate of its hosted rigs (historically above 85%). The sector’s growth is driven by rising Bitcoin prices, increasing institutional interest in crypto exposure, and broader demand for high-performance computing (HPC) capacity that can be repurposed for mining when energy costs are favorable. Energy pricing and regulatory clarity in the jurisdictions where Bitdeer operates (e.g., Norway’s low-cost hydro power) remain material risk factors.

For a deeper, data-rich view of BTDR’s valuation dynamics, you might find ValueRay’s analytical dashboard worth exploring.

Piotroski VR‑10 (Strict, 0-10) 1.0

Net Income: -536.9m TTM > 0 and > 6% of Revenue
FCF/TA: -0.72 > 0.02 and ΔFCF/TA -27.11 > 1.0
NWC/Revenue: -31.68% < 20% (prev 50.92%; Δ -82.60% < -1%)
CFO/TA -0.60 > 3% & CFO -1.46b > Net Income -536.9m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 0.90 > 1.5 & < 3
Outstanding Shares: last quarter (208.6m) vs 12m ago 45.11% < -2%
Gross Margin: 11.95% > 18% (prev 0.22%; Δ 1173 % > 0.5%)
Asset Turnover: 26.66% > 50% (prev 37.81%; Δ -11.14% > 0%)
Interest Coverage Ratio: -45.22 > 6 (EBITDA TTM -869.4m / Interest Expense TTM 23.0m)

Altman Z'' -4.80

A: -0.06 (Total Current Assets 1.29b - Total Current Liabilities 1.44b) / Total Assets 2.44b
B: -0.27 (Retained Earnings -653.9m / Total Assets 2.44b)
C: -0.60 (EBIT TTM -1.04b / Avg Total Assets 1.74b)
D: 0.46 (Book Value of Equity 864.4m / Total Liabilities 1.86b)
Altman-Z'' Score: -4.80 = D

Beneish M 1.00

DSRI: 6.66 (Receivables 193.0m/24.7m, Revenue 464.4m/395.6m)
GMI: 1.87 (GM 11.95% / 22.33%)
AQI: 0.34 (AQ_t 0.10 / AQ_t-1 0.30)
SGI: 1.17 (Revenue 464.4m / 395.6m)
TATA: 0.38 (NI -536.9m - CFO -1.46b) / TA 2.44b)
Beneish M-Score: 2.55 (Cap -4..+1) = D

What is the price of BTDR shares?

As of February 08, 2026, the stock is trading at USD 12.59 with a total of 4,550,936 shares traded.
Over the past week, the price has changed by -3.45%, over one month by +5.18%, over three months by -40.67% and over the past year by -22.57%.

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?

Issuer	Target	Up/Down from current
Wallstreet Target Price	28.9	129.7%
Analysts Target Price	28.9	129.7%
ValueRay Target Price	12.6	0.2%

BTDR Fundamental Data Overview February 04, 2026

P/E Forward = 1250.0
P/S = 6.2976
P/B = 5.3706
Revenue TTM = 464.4m USD
EBIT TTM = -1.04b USD
EBITDA TTM = -869.4m USD
Long Term Debt = 262.1m USD (from longTermDebt, last quarter)
Short Term Debt = 570.3m USD (from shortTermDebt, last quarter)
Debt = 916.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 719.7m USD (from netDebt column, last quarter)
Enterprise Value = 3.56b USD (2.92b + Debt 916.0m - CCE 284.6m)
Interest Coverage Ratio = -45.22 (Ebit TTM -1.04b / Interest Expense TTM 23.0m)
EV/FCF = -2.03x (Enterprise Value 3.56b / FCF TTM -1.75b)
FCF Yield = -49.25% (FCF TTM -1.75b / Enterprise Value 3.56b)
FCF Margin = -377.1% (FCF TTM -1.75b / Revenue TTM 464.4m)
Net Margin = -115.6% (Net Income TTM -536.9m / Revenue TTM 464.4m)
Gross Margin = 11.95% ((Revenue TTM 464.4m - Cost of Revenue TTM 408.9m) / Revenue TTM)
Gross Margin QoQ = 24.06% (prev 8.24%)
Tobins Q-Ratio = 1.46 (Enterprise Value 3.56b / Total Assets 2.44b)
Interest Expense / Debt = 1.49% (Interest Expense 13.7m / Debt 916.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = -823.0m (EBIT -1.04b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.90 (Total Current Assets 1.29b / Total Current Liabilities 1.44b)
Debt / Equity = 1.60 (Debt 916.0m / totalStockholderEquity, last quarter 573.8m)
Debt / EBITDA = -0.83 (negative EBITDA) (Net Debt 719.7m / EBITDA -869.4m)
Debt / FCF = -0.41 (negative FCF - burning cash) (Net Debt 719.7m / FCF TTM -1.75b)
Total Stockholder Equity = 588.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -30.82% (Net Income -536.9m / Total Assets 2.44b)
RoE = -91.31% (Net Income TTM -536.9m / Total Stockholder Equity 588.0m)
RoCE = -122.5% (out of range, set to none) (EBIT -1.04b / Capital Employed (Equity 588.0m + L.T.Debt 262.1m))
RoIC = -79.65% (negative operating profit) (NOPAT -823.0m / Invested Capital 1.03b)
WACC = 12.50% (E(2.92b)/V(3.84b) * Re(16.05%) + D(916.0m)/V(3.84b) * Rd(1.49%) * (1-Tc(0.21)))
Discount Rate = 16.05% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 37.05%
Fair Price DCF = unknown (Cash Flow -1.75b)
EPS Correlation: 25.87 | EPS CAGR: -4.88% | SUE: -0.03 | # QB: 0
Revenue Correlation: 33.36 | Revenue CAGR: 19.32% | SUE: 0.73 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.11 | Chg30d=+0.059 | Revisions Net=-1 | Analysts=3
EPS next Year (2026-12-31): EPS=0.74 | Chg30d=-0.213 | Revisions Net=-1 | Growth EPS=+176.7% | Growth Revenue=+98.7%

Additional Sources for BTDR Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle