Bitdeer Technologies Group (NASDAQ:BTDR) Releases Quarterly Earnings Results, Misses Estimates By $0.59 EPS

Bitdeer Technologies Group (NASDAQ:BTDR) released its quarterly earnings data on Thursday. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.59), Briefing.com reports. The firm had revenue of $224.84 million for the quarter, compared to analyst estimates of $208.25 million. Bitdeer Technologies Group had a negative return on equity of 91.31% and a negative net margin of 115.59%.The business’s revenue was up 225.8% on a year-over-year basis.

Here are the key takeaways from Bitdeer Technologies Group’s conference call:

• Q4 revenue reached $224.8 million (up ~226% YoY, +33% sequentially) and adjusted EBITDA was $31.2 million, with management attributing growth to SealMiner deployments.
• Self-mining capacity ramped materially — exiting January at >63 EH/s — while mass production of the SEALMINER A3 is underway and the SEAL04-1 chip is taped out, driving fleet efficiency improvement (17.5 J/TH and expected to improve further).
• Bitdeer is prioritizing AI/HPC colocation across a global power portfolio with ~1.66 GW online and a 3 GW pipeline, highlighting near-term opportunities at Tydal (225 MW, low PUE ~1.1), Clarington (570 MW) and Rockdale.
• Profitability and liquidity pressures emerged as gross margin fell to 4.7% and adjusted net loss widened to $82.6M; net cash used in operating activities was $599.5 million, driven by higher electricity, increased headcount and materially higher depreciation after shortening rig useful life to three years.
• Development at the large Clarington site faces active litigation that could delay construction/timing; management says it has a strong defense but the legal process introduces execution risk.

Bitdeer Technologies Group Stock Performance

NASDAQ:BTDR opened at $10.37 on Friday. The stock has a market cap of $2.20 billion, a P/E ratio of -1.84 and a beta of 2.33. The stock has a 50 day simple moving average of $12.29 and a 200 day simple moving average of $14.79. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 0.46. Bitdeer Technologies Group has a 1-year low of $6.84 and a 1-year high of $27.80.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in shares of Bitdeer Technologies Group by 167.6% in the first quarter. Goldman Sachs Group Inc. now owns 483,022 shares of the company’s stock valued at $4,265,000 after acquiring an additional 302,548 shares during the period. Legal & General Group Plc raised its stake in Bitdeer Technologies Group by 39.0% in the 2nd quarter. Legal & General Group Plc now owns 73,541 shares of the company’s stock worth $844,000 after purchasing an additional 20,640 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in Bitdeer Technologies Group in the 2nd quarter worth about $326,000. Invesco Ltd. boosted its holdings in Bitdeer Technologies Group by 169.0% in the 2nd quarter. Invesco Ltd. now owns 71,822 shares of the company’s stock valued at $825,000 after purchasing an additional 45,120 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Bitdeer Technologies Group during the 2nd quarter worth approximately $1,558,000. Institutional investors own 22.25% of the company’s stock.

Wall Street Analyst Weigh In

BTDR has been the topic of a number of recent analyst reports. UBS Group reissued a “buy” rating on shares of Bitdeer Technologies Group in a research report on Thursday. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $14.00 target price (down from $26.50) on shares of Bitdeer Technologies Group in a research note on Tuesday, January 27th. Needham & Company LLC decreased their target price on Bitdeer Technologies Group from $30.00 to $22.00 and set a “buy” rating on the stock in a report on Friday. B. Riley Financial dropped their price target on Bitdeer Technologies Group from $32.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bitdeer Technologies Group in a research report on Wednesday, January 21st. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $26.60.

Key Stories Impacting Bitdeer Technologies Group

Here are the key news stories impacting Bitdeer Technologies Group this week:

• Positive Sentiment: Q4 revenue and profitability highlights — total revenue surged year‑over‑year to $224.8M and the company reported a GAAP net profit and positive adjusted EBITDA for Q4. These operational improvements support Bitdeer’s pivot toward AI/colocation services. QuiverQuant: Strong Q4 Results
• Positive Sentiment: Analyst support remains mixed but constructive — several firms still carry buy/overweight ratings and HC Wainwright retained a “buy” while lowering its target to $25, leaving upside vs. current levels. HC Wainwright PT Lowered
• Neutral Sentiment: Short‑interest reports in the data feed show anomalous/zero figures and days‑to‑cover metrics that appear unreliable — no clear signal of an increase in sustained short pressure from those data entries.
• Negative Sentiment: EPS miss / mixed headline — diluted EPS came in worse than Wall Street consensus (MarketBeat/Zacks reported a $0.73 loss vs. an expected ~$0.14 loss on a diluted basis), which spooked traders despite the revenue beat. Zacks: Q4 Loss, Beats Revenue
• Negative Sentiment: Liquidity and cash‑flow concerns — the company reported very large net cash used in operating activities (~$599.5M for Q4) and sizable increases in inventories, prepayments and borrowings, raising short‑term financing and execution risk for the growth plan. Business Insider: Unaudited Financial Results
• Negative Sentiment: Non‑cash accounting effects cloud the print — large fair‑value gains on derivative liabilities and convertible note items materially boosted GAAP profit, making the underlying operating picture harder to judge and prompting skepticism from some investors and analysts. See company MD&A for details. Company Q4 Deck / MD&A
• Negative Sentiment: Analyst downgrades / pessimistic commentary — Benchmark issued a bearish forecast and at least one outlet flagged a downgrade that preceded intraday selling, adding to negative sentiment. Benchmark Pessimistic Forecast Analyst Downgrade / Shares Down

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.