Latest news with #BitdeerTechnologiesGroup
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.
Yahoo
20-06-2025
- Business
- Yahoo
Rosenblatt Securities Raises Bitdeer Technologies' (BTDR) Price Target to $20 from $15
Bitdeer Technologies Group (NASDAQ:BTDR) is one of the 13 Crypto Stocks with the Highest Upside Potential. On June 16, analyst Kevin Cassidy from Rosenblatt Securities maintained a Buy rating on Bitdeer Technologies Group (NASDAQ:BTDR), raising the price target to $20.00 from $15.00. The rating upgrade was based on the company's strong developmental and operational progress. A construction team in a mining datacenter building work site with plans and equipment in hand. The analyst reasoned that Bitdeer Technologies Group's (NASDAQ:BTDR) self-mining operations are undergoing considerable growth, with an expanded hash rate and a significant increase in Bitcoin production. He attributed this growth to the deployment of the company's advanced SEALMINER equipment and strategic expansion of its energy capacity. In addition, new facilities in Bhutan and Norway are expected to be energized soon, further boosting operational capabilities. Cassidy also reasoned that Bitdeer Technologies Group (NASDAQ:BTDR) is making notable advancements in mining rig development, especially with the SEALMINER A3 and A4 models. This initiative reflects the potential of attaining high energy efficiency, which is critical for the company to maintain its competitive standing. 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: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. 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
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
15-05-2025
- Business
- Yahoo
Earnings Preview: Bitdeer Technologies Group (BTDR) Q1 Earnings Expected to Decline
Wall Street expects a year-over-year decline in earnings on lower revenues when Bitdeer Technologies Group (BTDR) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 15. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly loss of $0.48 per share in its upcoming report, which represents a year-over-year change of -700%. Revenues are expected to be $71.13 million, down 40.5% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 10.71% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For BITDEER TEC GRP, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +10.88%. On the other hand, the stock currently carries a Zacks Rank of #5. So, this combination makes it difficult to conclusively predict that BITDEER TEC GRP will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that BITDEER TEC GRP would post a loss of $0.23 per share when it actually produced a loss of $3.22, delivering a surprise of -1,300%. The company has not been able to beat consensus EPS estimates in any of the last four quarters. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. BITDEER TEC GRP doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Another stock from the Zacks Technology Services industry, Duos Technologies Group, Inc. (DUOT), is soon expected to post loss of $0.18 per share for the quarter ended March 2025. This estimate indicates a year-over-year change of +52.6%. Revenues for the quarter are expected to be $4.3 million, up 301.9% from the year-ago quarter. The consensus EPS estimate for Duos Technologies Group, Inc. has been revised 13.8% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -5.56%. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Duos Technologies Group, Inc. will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bitdeer Technologies Group (BTDR) : Free Stock Analysis Report Duos Technologies Group, Inc. (DUOT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
