Latest news with #BitdeerTechnologies
Yahoo
21 hours ago
- 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.
Yahoo
6 days ago
- Business
- Yahoo
Bitdeer Technologies (BTDR) Falls 7% After $330-Million Debt Offer
We recently published a list of 10 Stocks Take A Shocking Nosedive. Bitdeer Technologies Group (NASDAQ:BTDR) is one of the worst-performing stocks on Thursday. Bitdeer Technologies fell by 7.13 percent on Wednesday to end at $11.8 apiece as investors unloaded portfolios following plans to raise $330 million in fresh funds through a debt offering. In a statement, Bitdeer Technologies Group (NASDAQ:BTDR) said that it plans to issue convertible senior notes to qualified institutional investors until June 23, 2025. The notes carry a yield rate of 4.875 percent to be paid semiannually on every January 1 and July 1 until 2031, unless earlier converted, redeemed or repurchased. According to Bitdeer Technologies Group (NASDAQ:BTDR), it would allocate $129.6 million of the proceeds to pay the cost of the zero-strike call option transaction which it entered into with an affiliate of one of the institutional investors. A construction team in a mining datacenter building work site with plans and equipment in hand. Meanwhile, some $36.1 million will be spent to pay the cash consideration for the concurrent note exchange transactions that it has entered into, while the remaining balance will be used for its data center expansion, ASIC based mining rig development, as well as working capital 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. Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
Why Bitdeer Technologies Group (BTDR) Skyrocketed on Friday
We recently published a list of . In this article, we are going to take a look at where Bitdeer Technologies Group (NASDAQ:BTDR) stands against other Friday's top performers. The stock market finished the trading week in the green territory as investors looked past the series of mixed corporate earnings performance and inflation worries, amid the easing trade tensions between the US and China. The Dow Jones climbed by 0.78 percent, while the S&P 500 and the tech-heavy Nasdaq grew by 0.70 percent and 0.52 percent, respectively. Beyond major indices, 10 companies—predominantly Bitcoin miners and quantum computing firms—registered a strong finish, thanks to fresh corporate developments boosting investor appetite. In this article, we name Friday's 10 top performers and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. A construction team in a mining datacenter building work site with plans and equipment in hand. Bitdeer Technologies rallied by 10.63 percent on Friday to end at $15.19 apiece after reporting a strong earnings performance in the first quarter of the year. In a statement, Bitdeer Technologies Group (NASDAQ:BTDR) said net income expanded to $409 million from only $606,000 in the same period last year, despite revenues dropping by 41 percent to $70 million from $119 million year-on-year. Looking ahead, Bitdeer Technologies Group (NASDAQ:BTDR) said its research and development efforts will focus on its Sealminer A4 project, which it targets to be more efficient. 'We believe this new chip design will revolutionize the way Bitcoin mining ASICs are made in the future and tape-out is on track for Q4 2025. We believe SEALMINER A4, along with our 3rd generation chip, will position Bitdeer as the leading supplier of the world's most energy-efficient mining rigs,' the company said. Overall, BTDR ranks 6th on our list of Friday's top performers. While we acknowledge the potential of BTDR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BTDR but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
02-05-2025
- Business
- Yahoo
Why Bitdeer Technologies Inc. (BTDR) Soared On Thursday
We recently published a list of . In this article, we are going to take a look at where Bitdeer Technologies Inc. (NASDAQ:BTDR) stands against other top performers on Thursday. The stock market ended strong anew on Thursday, with all major indices finishing in the green territory, as investor sentiment was bolstered by a flurry of corporate earnings supported by better-than-expected performance from the technology giants. The tech-heavy Nasdaq led the rally among all major indices, finishing up 1.52 percent. The S&P 500 clocked in a 0.63-percent gain, while the Dow Jones was up by 0.21 percent. Ten companies also mimicked the broader market optimism following impressive earnings performance and an optimistic outlook for the rest of the year. In this article, we have identified the 10 top performers on Thursday and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A construction team in a mining datacenter building work site with plans and equipment in hand. Bitdeer Technologies snapped a three-day losing streak on Thursday, adding 6.37 percent to close at $10.18 apiece following news that it would release the results of its first quarter earnings performance in the second week. The company is scheduled to announce the results before market hours on Thursday, May 15, 2025. Earlier this week, investment firm B. Riley said it expects Bitdeer Technologies Inc. (NASDAQ:BTDR) to earn 5 cents per share for the quarter and 29 cents for full-year 2027. In recent news, Bitdeer Technologies Inc. (NASDAQ:BTDR) received a $200 million credit line offer from Matrixport, a company similarly owned by its chairman, Jihan Wu, to support the Bitcoin miner's ASIC manufacturing efforts. The loan carries a variable interest rate of 9 percent and is repayable in fixed monthly installments over a period of 24 months. As of April 21, BTDR was already able to draw as much as $43 million from the credit line. Overall, BTDR ranks 10th on our list of top performers on Thursday. While we acknowledge the potential of BTDR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BTDR but that trades at less than 5 times its earnings, check out our report about this cheapest 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.
Yahoo
26-04-2025
- Business
- Yahoo
Why Bitdeer Technologies Group (BTDR) Soared Last Week
We recently published a list of . In this article, we are going to take a look at where Bitdeer Technologies Group (NASDAQ:BTDR) stands against other firms that recorded double-digit gains last week. Ten companies finished the past trading week on a high note, outperforming the three major indices with double-digit gains amid a flurry of catalysts, including upcoming earnings releases, that sparked buying appetite. Week-on-week, the Nasdaq rallied by 6.7 percent, the S&P 500 clocked in a 4.59-percent gain, while the Dow Jones was up by 2.48 percent. In this article, we have listed last week's top 10 performing stocks and detailed the reasons behind their gains. The stocks were chosen based on the highest percentage increase in closing prices on April 25 as against their prices on April 17, or the week prior. To come up with the list, we considered only the companies with a $2-billion market capitalization and a $5-million trading volume. A construction team in a mining datacenter building work site with plans and equipment in hand. Bitdeer Technologies Group (NASDAQ:BTDR) Bitdeer Technologies surged by 38.19 percent week-on-week to end at $10.53 apiece on Friday versus the $7.62 close on April 17 following news that it was offered as much as $200 million in credit facility to finance its expansion plans. Earlier this week, Bitdeer Technologies Group (NASDAQ:BTDR) said that it entered into a loan agreement with Matrixport, a company also owned by its chairman, Jihan Wu, for a $200-million credit facility to finance its Bitcoin ASIC manufacturing efforts. The loan carries a variable interest rate of 9 percent and is repayable in fixed monthly installments over a period of 24 months. As of April 2021, Bitdeer Technologies Group (NASDAQ:BTDR) said it was already able to draw as much as $43 million from the credit line. In other news, BTDR recently acquired a 101-megawatt data center in Alberta, Canada, for $21.7 million. Last month, BTDR said it was able to mine 114 Bitcoins at a hash rate of 24.2 EH/s. It also completed mass production of 3.8 EH/s for its SEALMINER A1 mining rig, launched the SEALMINER A2 Pro series Bitcoin mining rigs, and obtained regulatory approval for Phases 1 and 2 of its Tydal, Norway site. 'We expect to energize more than 600 MW of power capacity over the next few months, including our Bhutan site,' the company said. Overall, BTDR ranks 2nd on our list of firms that recorded double-digit gains last week. While we acknowledge the potential of BTDR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BTDR but that trades at less than 5 times its earnings, check out our report about this cheapest 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. Sign in to access your portfolio
