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Bitdeer Technologies Group Class A Ordinary Shares (BTDR)



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Upturn Advisory Summary
04/01/2025: BTDR (5-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 206.68% | Avg. Invested days 64 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.55B USD | Price to earnings Ratio - | 1Y Target Price 22.05 |
Price to earnings Ratio - | 1Y Target Price 22.05 | ||
Volume (30-day avg) 6033329 | Beta 2.25 | 52 Weeks Range 5.23 - 26.99 | Updated Date 04/6/2025 |
52 Weeks Range 5.23 - 26.99 | Updated Date 04/6/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -4.36 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -171.29% | Operating Margin (TTM) -754.68% |
Management Effectiveness
Return on Assets (TTM) -33.55% | Return on Equity (TTM) -196.71% |
Valuation
Trailing PE - | Forward PE 97.09 | Enterprise Value 1354799739 | Price to Sales(TTM) 4.42 |
Enterprise Value 1354799739 | Price to Sales(TTM) 4.42 | ||
Enterprise Value to Revenue 3.87 | Enterprise Value to EBITDA 181.5 | Shares Outstanding 144100000 | Shares Floating 74587726 |
Shares Outstanding 144100000 | Shares Floating 74587726 | ||
Percent Insiders 39.77 | Percent Institutions 22.72 |
Analyst Ratings
Rating 4.73 | Target Price 24.29 | Buy 3 | Strong Buy 8 |
Buy 3 | Strong Buy 8 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Bitdeer Technologies Group Class A Ordinary Shares
Company Overview
History and Background
Bitdeer Technologies Group is a technology company focused on cryptocurrency mining. Founded in 2018, it provides services related to mining infrastructure and cloud-based mining solutions.
Core Business Areas
- Mining Datacenters: Develops and operates mining datacenters for cryptocurrency mining.
- Cloud Hashrate: Offers cloud-based hashrate services, allowing users to rent computing power for mining.
- Minerplus: Provides a platform for cryptocurrency miners to manage their operations.
Leadership and Structure
Linghui Kong is the CEO. The company has a standard organizational structure with departments for technology, operations, finance, and marketing.
Top Products and Market Share
Key Offerings
- Cloud Hashrate: Bitdeer's cloud hashrate service allows users to rent computing power for mining cryptocurrencies like Bitcoin. Market share data is difficult to determine precisely due to the fragmented nature of the cloud mining industry. Competitors include Genesis Digital Assets and Marathon Digital Holdings (MARA).
- Mining Datacenters: Bitdeer develops and operates mining datacenters. Market share data is not publicly available. Key competitors are Riot Platforms (RIOT) and Core Scientific (CORZ).
Market Dynamics
Industry Overview
The cryptocurrency mining industry is characterized by high volatility, regulatory uncertainty, and increasing competition. The industry is also heavily influenced by cryptocurrency prices and technological advancements in mining hardware.
Positioning
Bitdeer positions itself as a provider of reliable and efficient cryptocurrency mining solutions, emphasizing its mining datacenters and cloud-based services. Its competitive advantage lies in its integrated approach to mining operations.
Total Addressable Market (TAM)
The total addressable market for cryptocurrency mining is estimated to be in the billions of dollars, depending on cryptocurrency prices and mining difficulty. Bitdeer is positioned to capture a portion of this market through its datacenter operations and cloud services.
Upturn SWOT Analysis
Strengths
- Strong Infrastructure
- Integrated Mining Solutions
- Experienced Management Team
Weaknesses
- Dependence on Cryptocurrency Prices
- Regulatory Risks
- Intense Competition
Opportunities
- Expansion into New Geographies
- Development of New Mining Technologies
- Partnerships with Cryptocurrency Exchanges
Threats
- Cryptocurrency Price Volatility
- Increasing Mining Difficulty
- Regulatory Changes
Competitors and Market Share
Key Competitors
- RIOT
- CORZ
- MARA
Competitive Landscape
Bitdeer competes with other cryptocurrency mining companies based on factors such as hashrate capacity, mining efficiency, and operating costs. The company aims to differentiate itself through its integrated mining solutions and reliable infrastructure.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth requires previous years' financial data. Not provided.
Future Projections: Future projections require analyst estimates. Not provided.
Recent Initiatives: Bitdeer has focused on expanding its mining datacenter capacity and improving the efficiency of its cloud mining services.
Summary
Bitdeer is a cryptocurrency mining company with a focus on mining datacenters and cloud hashrate services. Its strengths lie in its infrastructure and integrated solutions. However, it faces challenges related to cryptocurrency price volatility and regulatory risks. The company's future growth depends on its ability to expand its operations and adapt to the evolving cryptocurrency market.
Similar Companies
CORZ

Core Scientific, Inc. Common Stock


CORZ

Core Scientific, Inc. Common Stock
HIVE

HIVE Blockchain Technologies Ltd


HIVE

HIVE Blockchain Technologies Ltd

MARA

Marathon Digital Holdings Inc



MARA

Marathon Digital Holdings Inc

RIOT

Riot Blockchain Inc



RIOT

Riot Blockchain Inc
Sources and Disclaimers
Data Sources:
- Company filings, Industry reports, Financial news sources
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is estimated and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Bitdeer Technologies Group Class A Ordinary Shares
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2023-04-13 | Founder, Chairman & CEO Mr. Jihan Wu | ||
Sector Technology | Industry Software - Application | Full time employees - | Website https://www.bitdeer.com |
Full time employees - | Website https://www.bitdeer.com |
Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account. The company also operates mining datacenters to generate hash rate; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining machines. The company is headquartered in Singapore.
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