Bitdeer Technologies Group (BTDR)Technology | Software - Application | Singapore, Singapore | NasdaqCM
8.40 USD
+0.22
(2.628%)
⇧
(Oct. 15, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 3:24 a.m. EDT
The investment case for Bitdeer is currently paralyzed by a stark contradiction between its operational narrative and its financial reality. On one hand, the company boasts impressive operational metrics, including record Bitcoin output and expansion into AI infrastructure, which has fueled a massive 158% surge in annual returns over the last year. However, these operational wins are being crushed by severe financial distress; the company is burning cash at an alarming rate, with operating cash flow plummeting to nearly -$1.6 billion and negative free cash flow. The balance sheet is fragile, carrying debt that is nearly five times its cash reserves, resulting in a negative return on equity and a forward P/E that is mathematically undefined due to losses. While the stock has rallied significantly recently, the underlying fundamentals remain deeply impaired. The market appears to be pricing in a binary outcome: either the AI expansion and mining efficiency can quickly turn the cash burn positive, or the debt load will force a deleveraging event. Given the high beta and the lack of a reliable dividend or strong historical earnings track record, the risk-reward profile remains skewed toward caution. The options market reflects this uncertainty, with heavy positioning for volatility rather than a confirmed trend. Until the path to profitability is clearly demonstrated and the balance sheet is strengthened, the stock remains a speculative hold rather than a core investment. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.086531 |
| AutoARIMA | 0.087447 |
| AutoTheta | 0.088193 |
| AutoETS | 0.089495 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 35% |
| H-stat | 1.38 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.311 |
| Excess Kurtosis | -0.41 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 177.028 |
| Revenue per Share | 3.554 |
| Market Cap | 2,281,612,032 |
| Forward P/E | -22.54 |
| Beta | 2.56 |
| Profit Margins | -28.14% |
| Website | https://www.bitdeer.com |
As of Oct. 10, 2026, 3:24 a.m. EDT: Speculators are positioning aggressively for volatility rather than a specific directional breakout. Call open interest is heavily skewed toward strikes significantly above the current price (15.0, 20.0, 25.0), while put open interest clusters around the immediate downside (9.0, 10.0) and further out-of-the-money protection (16.5, 21.0). This distribution suggests a 'straddle' or 'strangle' bias where traders expect a large move but are hedged against both outcomes, rather than betting purely on a rally. The massive volume spikes in deep out-of-the-money calls and puts indicate speculative activity waiting for a catalyst.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.6504996 |
| Address1 | No. 09-03/04, Aperia tower 1 |
| Address2 | 08 Kallang Avenue |
| All Time High | 27.8 |
| All Time Low | 2.77 |
| Ask | 9.72 |
| Ask Size | 2 |
| Average Analyst Rating | 1.4 - Strong Buy |
| Average Daily Volume10 Day | 9,590,700 |
| Average Daily Volume3 Month | 11,873,298 |
| Average Volume | 11,873,298 |
| Average Volume10Days | 9,590,700 |
| Beta | 2.558 |
| Bid | 6.05 |
| Bid Size | 2 |
| Book Value | 4.058 |
| City | Singapore |
| Country | Singapore |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 8.395 |
| Current Ratio | 1.006 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 8.5 |
| Day Low | 7.5 |
| Debt To Equity | 177.028 |
| Display Name | Bitdeer |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,786,363,200 |
| Earnings Call Timestamp Start | 1,786,363,200 |
| Earnings Timestamp | 1,786,365,000 |
| Earnings Timestamp End | 1,794,227,400 |
| Earnings Timestamp Start | 1,794,227,400 |
| Ebitda | 502,572,992 |
| Ebitda Margins | 0.61874 |
| Enterprise To Ebitda | 7.507 |
| Enterprise To Revenue | 4.645 |
| Enterprise Value | 3,773,026,048 |
| Eps Current Year | -1.584 |
| Eps Forward | -0.3725 |
| Eps Trailing Twelve Months | -2.3 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 10.7098 |
| Fifty Day Average Change | -2.3147993 |
| Fifty Day Average Change Percent | -0.21613844 |
| Fifty Two Week Change Percent | -65.04996 |
| Fifty Two Week High | 26.81 |
| Fifty Two Week High Change | -18.414999 |
| Fifty Two Week High Change Percent | -0.6868706 |
| Fifty Two Week Low | 6.916 |
| Fifty Two Week Low Change | 1.4790006 |
| Fifty Two Week Low Change Percent | 0.21385202 |
| Fifty Two Week Range | 6.916 - 26.81 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,627,479,000,000 |
| Float Shares | 160,329,782 |
| Forward Eps | -0.3725 |
| Forward P E | -22.536913 |
| Free Cashflow | 26,976,876 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 471 |
| Fullday Change | -0.010500908 |
| Fullday Change Percent | -0.12508526 |
| Fullday Price | 8.3845 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.00667 |
| Gross Profits | 5,414,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.28746 |
| Held Percent Institutions | 0.70413 |
| Implied Shares Outstanding | 271,782,245 |
| Industry | Software - Application |
| Industry Disp | Software - Application |
| Industry Key | software-application |
| Ipo Expected Date | 2,023-04-14 |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | 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. |
| Long Name | Bitdeer Technologies Group |
| Market | us_market |
| Market Cap | 2,281,612,032 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1801200348 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | -228,586,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 3,345,639,435 |
| Number Of Analyst Opinions | 14 |
| Open | 7.85 |
| Operating Cashflow | -1,622,070,016 |
| Operating Margins | -0.34919998 |
| Phone | 65 6282 8220 |
| Pre Market Change | -0.010500908 |
| Pre Market Change Percent | -0.12508526 |
| Pre Market Price | 8.3845 |
| Pre Market Time | 1,792,153,955 |
| Previous Close | 8.18 |
| Price Eps Current Year | -5.299874 |
| Price Hint | 2 |
| Price To Book | 2.0687532 |
| Price To Sales Trailing12 Months | 2.8089778 |
| Profit Margins | -0.28142 |
| Quick Ratio | 0.606 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.35714 |
| Region | US |
| Regular Market Change | 0.215 |
| Regular Market Change Percent | 2.62836 |
| Regular Market Day High | 8.5 |
| Regular Market Day Low | 7.5 |
| Regular Market Day Range | 7.5 - 8.5 |
| Regular Market Open | 7.85 |
| Regular Market Previous Close | 8.18 |
| Regular Market Price | 8.395 |
| Regular Market Time | 1,792,094,401 |
| Regular Market Volume | 15,052,507 |
| Return On Assets | 0.04326 |
| Return On Equity | -0.25264 |
| Revenue Growth | 0.471 |
| Revenue Per Share | 3.554 |
| Sand P52 Week Change | 0.16207206 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Shares Outstanding | 227,382,323 |
| Shares Percent Shares Out | 0.225 |
| Shares Short | 61,164,528 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 55,589,381 |
| Short Name | Bitdeer Technologies Group |
| Short Percent Of Float | 0.3337 |
| Short Ratio | 5.96 |
| Source Interval | 15 |
| Symbol | BTDR |
| Target High Price | 35.0 |
| Target Low Price | 10.0 |
| Target Mean Price | 22.14286 |
| Target Median Price | 22.0 |
| Total Cash | 460,865,984 |
| Total Cash Per Share | 1.696 |
| Total Debt | 1,952,280,064 |
| Total Revenue | 812,257,024 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -2.3 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 11.9506 |
| Two Hundred Day Average Change | -3.5555992 |
| Two Hundred Day Average Change Percent | -0.29752475 |
| Type Disp | Equity |
| Volume | 15,052,507 |
| Website | https://www.bitdeer.com |
| Zip | 339,509 |