Latest news with #BitdeerTechnologies
Yahoo
02-08-2025
- Business
- Yahoo
B. Riley Adjusts Bitdeer (BTDR) PT to $17 as Company Expands Hash Rate, Global Power Capacity
Bitdeer Technologies Group (NASDAQ:BTDR) is one of the tech stocks to buy according to analysts. On July 10, B. Riley lowered its price target on Bitdeer from $18 to $17, while maintaining a Buy rating on the shares. The adjustment showed updated estimates in the high-performance computing space, following a review of Bitdeer's Q2 actuals. In Q1 2025, Bitdeer Technologies reported increasing its self-mining hash rate to 11.5 exahash per second (EH/s), with ambitious plans to reach 40 EH/s by the end of October this year. An exahash per second represents one quintillion hashes per second, indicating the computational power of a blockchain network. Bitdeer is also expanding its global power capacity, anticipating ~500 megawatts of new self-mining power capacity by mid-2025, which would bring its total capacity to nearly 1.6 gigawatts. The expansion includes a focus on geographic diversification, with power capacity in Norway and Bhutan. The company is also developing its own AI technology and has secured a loan agreement with Matrix Finance and Technology Holding Company for ~$200 million to support its expansion. Bitdeer Technologies Group (NASDAQ:BTDR) is a technology company for blockchain and high-performance computing/HPC in Singapore, the US, Bhutan, and Norway. While we acknowledge the potential of BTDR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
22-07-2025
- Business
- Yahoo
Northland Securities Maintains a Buy Rating on Bitdeer Technologies (BTDR), Sets a $20 Price Target
Bitdeer Technologies Group (NASDAQ:BTDR) is one of the . On July 11, Northland Securities analyst Michael Grondahl maintained a Buy rating on Bitdeer Technologies Group (NASDAQ:BTDR) and set a price target of $20.00. A construction team in a mining datacenter building work site with plans and equipment in hand. Bitdeer Technologies Group (NASDAQ:BTDR) reported 203 bitcoins mined in its June 2025 update, reflecting a 4% growth from May 2025. This growth was attributed to the increased average self-mining hashrate resulting from the energization of SEALMINERs. The company grew its self-mining hashrate by 21% to 16.5 EH/s due to the continued deployment of SEALMINERs. Matt Kong, Chief Business Officer at Bitdeer Technologies Group (NASDAQ:BTDR), stated that the company is on track to reach a rate of 40 EH/s by the end of October 2025. Bitdeer Technologies Group (NASDAQ:BTDR) is a technology company specializing in blockchain and computing, offering hash rate sharing solutions, including Cloud hash rate and one-stop mining machine hosting solutions for efficient cryptocurrency mining. It has taken the lead as the largest vertically integrated Bitcoin miner. While we acknowledge the potential of BTDR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
19-07-2025
- Business
- Yahoo
Bitdeer (BTDR) Jumps 7.6% as Investors Optimistic on Passage of Digital Coins Bills
We recently published . Bitdeer Technologies Group (NASDAQ:BTDR) is one of Wednesday's top performers. Bitdeer Technologies jumped by 7.57 percent on Wednesday to close at $13.50 apiece as investors remained optimistic about the passage of three legislations aimed at regulating the framework of cryptocurrencies and digital assets in the US. A so-called 'Crypto Week' will supposedly secure lawmakers' green light this week for three legislations, namely the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act. The Genius Act, for its part, needed the approval of House lawmakers before it could be sent to President Donald Trump to officially pass the measure into law. However, a snag cast doubt on the fate of the measures, which led to the failed approval of the bills. While Trump promised the passage on Tuesday morning, no measure succeeded during the day. A construction team in a mining datacenter building work site with plans and equipment in hand. Investors, however, remained optimistic, evident with the rally in prices of Bitcoin and shares of mining firms, such as Bitdeer Technologies Group (NASDAQ:BTDR), thanks to the bold backing from Trump himself. In other news, Bitdeer Technologies Group (NASDAQ:BTDR) is expected to release the results of its second quarter earnings performance in the second week of August 2025. While we acknowledge the potential of BTDR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
Bitdeer (BTDR) Soars 15.7%, Tracks Bitcoin Rally to $110K
Bitdeer Technologies Group (NASDAQ:BTDR) is one of the . Bitdeer Technologies soared by 15.75 percent on Wednesday to close at $13.08 apiece, tracking the rally of Bitcoin prices as it retests the $110,000 level. During the session, Bitdeer Technologies Group (NASDAQ:BTDR) rallied alongside its Bitcoin mining peers after the cryptocurrency traded higher to hit a new three-week high, with investors growing more optimistic about the widening adoption of digital assets. A construction team in a mining datacenter building work site with plans and equipment in hand. Additionally, investors took heart from its fast-growing AI cloud platform Bitdeer AI, with the company planning to evolve its platform into a next-generation cloud service that combines AI-driven automation with adaptive infrastructure. 'It aims to build a truly intelligent cloud—one that anticipates developer needs, automates repetitive tasks, and delivers consistent performance at scale. These enhancements will further lower the barriers to entry for organizations seeking to deploy AI solutions while ensuring robust security and compliance controls,' Bitdeer Technologies Group (NASDAQ:BTDR) said. While we acknowledge the potential of BTDR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Bitdeer (BTDR) Falls 11% W/W on Drop in Bitcoin Prices
Bitdeer Technologies Group (NASDAQ:BTDR) is one of the . Bitdeer Technologies slashed its share prices by 11 percent in just a week's trading, from $12.68 on June 13 to $11.28 last Friday, tracking the week-on-week drop in Bitcoin prices. On Friday, prices of Bitcoin declined by 2.62 percent to $103,309.6 from $106,090.97 on June 13, as trading sentiment was largely dampened by the ongoing geopolitical tensions between Israel and Iran. Additionally, investors appeared to have soured on Bitdeer Technologies Group's (NASDAQ:BTDR) plans to raise $330 million through a debt issuance. In a statement last week, Bitdeer Technologies Group (NASDAQ:BTDR) said that it plans to issue convertible senior notes to qualified institutional investors until Monday, June 23. The notes carry a yield rate of 4.875 percent to be paid semiannually on January 1 and July 1 until 2031, unless earlier converted, redeemed, or repurchased. A construction team in a mining datacenter building work site with plans and equipment in hand. According to Bitdeer Technologies Group (NASDAQ:BTDR), proceeds from the offer will be used for the payment of its zero-strike call option with an investor's affiliate, concurrent note exchange transactions, as well as data center expansion, ASIC-based mining rig development, and other general corporate purposes. While we acknowledge the potential of BTDR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
