Bitdeer Technologies Group Class A Ordinary Shares

Bitdeer Technologies Group Class A Ordinary Shares

BTDR · NASDAQ · Technology / Software - Application

5.60USD-0.53 (-8.65%)

Price History

Full chart

Market Stats

Previous Close6.13
Open6.11
Day Range5.32 – 6.11
52-Week Range6.92 – 26.81
Volume11.05M
Market Cap2.50B
P/E (TTM)0.00
Forward P/E8.83
EPS-2.59
Dividend Yield0.00%
Beta2.56
50-Day Avg10.87
200-Day Avg11.99

About

Bitdeer Technologies Group operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, Norway, Finland, Ethiopia, Canada, and internationally. The company offers hash rate sharing solutions, including cloud hash rate and hash-rate subscription plans; and a one-stop mining rig hosting solution comprising deployment, maintenance, and management services for cryptocurrency mining; as well as mining cryptocurrencies for its own account. It also operates mining datacenters to generate hash rates; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining rigs. In addition, the company offers Minerplus, a software platform that offers software support to reduce time needed for daily maintenance and mining rig upgrade; AI infrastructure and AI cloud business to offer advanced AI cloud capabilities, HPC services and colocation services; and mining solutions under the SEALMINER brand. The company is headquartered in Singapore.

Company Details

  • SectorTechnology
  • IndustrySoftware - Application
  • CEOMr. Jihan Wu
  • Employees471
  • HeadquartersNo. 09-03/04, Aperia tower 1, Singapore, Singapore, 339509, USA
  • Websitehttps://www.bitdeer.com

Leadership

  • Mr. Jihan WuFounder, Chairman & CEO · b. 1987
  • Mr. Michael G. PotterChief Financial Officer · b. 1967
  • Mr. Benjamin SuExecutive Vice President of Operations
  • Ms. Yuling MaChief Technology Officer · b. 1968
  • Alexia WangGeneral Counsel
  • Mr. Ross GanHead of Communications
  • Mr. Xiaojun FanVice President of Sales & Marketing
  • Mr. Jianchun LiuChief Financial Officer of Business Operations · b. 1978
  • Mr. Haris BasitChief Strategy Officer · b. 1962
  • Mr. Lars Eivind Haugnes NaasVP of Global Data Center Operations & Director · b. 1972

Financials

Income Statement

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue88.77M186.39M394.66M333.34M368.55M349.78M620.25M
Growth (%)-+109.96%+111.74%-15.54%+10.56%-5.09%+77.33%
Cost of Revenue98.84M209.56M153.25M250.09M290.75M283.38M559.26M
Gross Profit-10.07M-23.18M241.41M83.25M77.81M66.40M60.99M
Gross Margin-11.34%-12.43%61.17%24.97%21.11%18.98%9.83%
Operating Expense21.23M40.23M110.58M140.52M134.03M155.77M245.56M
Operating Income-31.30M-63.41M130.83M-57.27M-56.22M-89.37M-184.57M
Operating Margin-35.26%-34.02%33.15%-17.18%-15.26%-25.55%-29.76%
EBITDA17.64M49.07M196.39M6.86M29.65M-502.58M338.28M
EBITDA Margin19.88%26.33%49.76%2.06%8.05%-143.68%54.54%
Net Income-27.90M-55.83M82.64M-60.37M-56.66M-599.15M65.60M
Net Income Margin-31.43%-29.95%20.94%-18.11%-15.37%-171.29%10.58%
R&D4.75M9.79M29.50M35.43M29.53M76.95M153.88M
R&D as % of Total Revenue5.35%5.25%7.48%10.63%8.01%22.00%24.81%
Interest Expense955.00K823.00K2.55M5.43M5.43M17.92M99.33M
Interest Expense % of Total Revenue1.08%0.44%0.65%1.63%1.47%5.12%16.01%

Balance Sheet

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-853.30M646.97M651.41M639.39M1.56B2.80B
Total Liabilities-707.40M358.89M333.07M306.82M1.28B1.94B
Total Equity-145.90M288.08M318.34M332.57M276.60M867.85M
Cash-44.75M372.09M231.36M144.73M476.27M171.72M
Total Debt-47.58M92.43M100.23M92.83M286.26M1.19B
Net Debt-2.83M-279.66M-131.13M-51.90M-190.01M1.02B

Cash Flow

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-56.60M-109.18M-52.47M-268.04M-271.79M-622.07M-1.74B
Investing Cash Flow-174.64M62.74M394.57M133.79M199.85M112.70M38.86M
Financing Cash Flow226.41M30.78M-14.43M-3.88M-13.49M844.27M1.37B
Capital Expenditure66.29M143.88M89.49M63.20M126.35M127.22M267.68M
Free Cash Flow-122.89M-253.06M-141.96M-331.24M-398.13M-749.29M-2.01B
FCF to OCF217.12%231.79%270.57%123.58%146.49%120.45%115.40%

Earnings

Report DateAug 2, 2021Nov 22, 2021Dec 31, 2021Apr 5, 2022Aug 15, 2022Nov 14, 2022Mar 6, 2023May 31, 2023Aug 11, 2023Nov 14, 2023Mar 28, 2024May 14, 2024Aug 12, 2024Nov 18, 2024Feb 25, 2025May 15, 2025Aug 18, 2025Nov 10, 2025Feb 12, 2026May 14, 2026Aug 10, 2026Nov 9, 2026
EPS Estimate0.00-------0.02-0.040.010.150.02-0.05-0.13-0.48-0.19-0.13-0.11-0.34-0.35-0.33
EPS Actual-0.01-0.04-0.11-0.10-0.10-0.07-0.07-0.09-0.36-0.02-0.050.070.04-0.18-0.22-0.37-0.76-0.16-0.31-0.46-0.37-
Surprise---------1824.64%50.00%-600.00%-53.33%100.00%-260.00%-69.23%22.92%-300.00%-23.08%-181.82%-35.29%-5.71%-
Timing--------Pre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap2.50B
Enterprise Value4.84B
Trailing P/E0.00
Forward P/E8.83
Price / Sales3.08
Price / Book3.03
EPS-2.59
Book Value4.06
Revenue (TTM)812.26M
Gross Profit (TTM)5.41M
EBITDA502.57M
Profit Margin-28.14%
Operating Margin-34.92%
Return on Equity-25.26%
Return on Assets4.33%
Shares Outstanding227.38M
Shares Float160.33M
Beta2.56
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 14 analystsTarget 22.14
  • Strong Buy
    10
  • Buy
    3
  • Hold
    1

Ownership Breakdown

Institutions
70.26%
Insiders
28.75%
Retail / Other
0.99%

Top Institutional Holders

  • BlackRock Inc
    11.09M4.08%
  • Sachem Head Capital Management LP
    9.63M3.55%
  • Jane Street Group LLC
    7.07M2.60%
  • Lone Pine Capital LLC
    7.02M2.58%
  • Barclays PLC
    6.59M2.43%
  • Citadel Advisors Llc
    6.06M2.23%
  • Bank of America Corp
    5.57M2.05%
  • Value Aligned Research Advisors LLC
    5.20M1.91%
  • CLEARFIELD CAPITAL MANAGEMENT LP
    4.09M1.50%
  • Duquesne Family Office LLC
    4.07M1.50%
  • UBS Group AG
    3.75M1.38%
  • State Street Corp
    3.64M1.34%
  • Situational Awareness Partners LP
    3.44M1.27%
  • Situational Awareness LP
    3.44M1.27%
  • Morgan Stanley - Brokerage Accounts
    3.30M1.21%
  • D. E. Shaw & Co LP
    3.19M1.17%
  • 140 Summer Partners LP
    3.16M1.16%
  • The Goldman Sachs Group Inc
    2.95M1.08%

Top Fund Holders

  • Jupiter Merian Glb Eq Abs Rt I USD Acc
    4.60M1.69%
  • iShares Russell 2000 ETF
    3.52M1.30%