Bitdeer Technologies Group (NASDAQ:BTDR) Issues Earnings Results

Bitdeer Technologies Group (NASDAQ:BTDR) released its quarterly earnings data on Thursday. The company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.21), FiscalAI reports. The firm had revenue of $188.93 million during the quarter, compared to the consensus estimate of $184.02 million. Bitdeer Technologies Group had a return on equity of 8.92% and a net margin of 10.58%.The business’s revenue was up 169.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.37) EPS.

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

• Bitdeer posted strong top-line growth in Q1 2026, with revenue up about 170% year over year to $188.9 million and Adjusted EBITDA increasing to $14.4 million.
• Profitability remained pressured as gross profit was negative $39 million, reflecting lower Bitcoin prices, $70 million of mining-rig depreciation, and seasonal power costs in Norway and Bhutan.
• AI cloud momentum accelerated sharply, with ARR rising from about $10 million in January to $43 million at quarter-end and reaching roughly $69 million in April, while GPU utilization climbed to 94%.
• Tydal, Norway remains the key colocation opportunity, with a formal development agreement in place, 180 MW planned, and management saying a lease is in advanced negotiations for what could become Norway’s largest AI data center.
• The company strengthened liquidity and its strategic buildout plans by raising $375 million in convertible notes, ending Q1 with about $298 million in cash and restricted cash, and reiterating 2026 infrastructure CapEx guidance of $180 million to $200 million for crypto mining data centers.

Bitdeer Technologies Group Stock Performance

NASDAQ:BTDR traded up $1.53 during trading hours on Thursday, reaching $14.75. The company had a trading volume of 14,106,896 shares, compared to its average volume of 6,647,337. The business’s 50 day moving average price is $10.36 and its 200-day moving average price is $11.99. Bitdeer Technologies Group has a 1-year low of $6.92 and a 1-year high of $27.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.91 and a quick ratio of 0.75. The firm has a market cap of $3.47 billion, a PE ratio of -4.70 and a beta of 2.32.

Institutional Trading of Bitdeer Technologies Group

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

Analyst Upgrades and Downgrades

BTDR has been the topic of several analyst reports. Zacks Research downgraded Bitdeer Technologies Group from a “hold” rating to a “strong sell” rating in a research report on Monday, March 16th. UBS Group restated a “buy” rating on shares of Bitdeer Technologies Group in a research note on Thursday, February 12th. Cantor Fitzgerald downgraded shares of Bitdeer Technologies Group from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $20.00 to $10.00 in a research note on Thursday, April 9th. Rosenblatt Securities restated a “buy” rating and issued a $18.00 target price on shares of Bitdeer Technologies Group in a research note on Wednesday, March 18th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Bitdeer Technologies Group in a research report on Monday, April 20th. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.20.

About Bitdeer Technologies Group

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.