Bitdeer Technologies Group (NASDAQ:BTDR) Releases Earnings Results, Misses Expectations By $0.21 EPS

by · The Cerbat Gem

Bitdeer Technologies Group (NASDAQ:BTDR – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.21), FiscalAI reports. Bitdeer Technologies Group had a net margin of 10.58% and a return on equity of 8.92%. The company had revenue of $188.93 million for the quarter, compared to analyst estimates of $184.02 million. During the same quarter last year, the company posted ($0.37) EPS. Bitdeer Technologies Group’s revenue was up 169.5% on a year-over-year basis.

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 Up 11.6%

Shares of NASDAQ BTDR traded up $1.53 during mid-day trading 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. Bitdeer Technologies Group has a twelve month low of $6.92 and a twelve month high of $27.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.75 and a current ratio of 0.91. The stock has a market capitalization of $3.47 billion, a PE ratio of -4.70 and a beta of 2.32. The stock’s 50 day moving average is $10.36 and its 200-day moving average is $11.99.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen lowered Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a report on Saturday, May 2nd. UBS Group restated a “buy” rating on shares of Bitdeer Technologies Group in a report on Thursday, February 12th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $14.00 target price (down from $26.50) on shares of Bitdeer Technologies Group in a report on Tuesday, January 27th. Cantor Fitzgerald lowered Bitdeer Technologies Group from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $20.00 to $10.00 in a report on Thursday, April 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Bitdeer Technologies Group in a report on Monday, April 20th. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.20.

Check Out Our Latest Stock Analysis on BTDR

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BTDR. Bank of America Corp DE increased its stake in shares of Bitdeer Technologies Group by 67.5% during the 2nd quarter. Bank of America Corp DE now owns 6,337,339 shares of the company’s stock worth $72,753,000 after purchasing an additional 2,553,093 shares during the last quarter. Value Aligned Research Advisors LLC increased its position in Bitdeer Technologies Group by 137.0% during the fourth quarter. Value Aligned Research Advisors LLC now owns 3,267,614 shares of the company’s stock worth $36,630,000 after buying an additional 1,888,825 shares during the last quarter. Van ECK Associates Corp raised its holdings in Bitdeer Technologies Group by 100.1% during the fourth quarter. Van ECK Associates Corp now owns 1,694,193 shares of the company’s stock valued at $18,992,000 after buying an additional 847,486 shares in the last quarter. State Street Corp raised its holdings in Bitdeer Technologies Group by 34.1% during the fourth quarter. State Street Corp now owns 3,144,782 shares of the company’s stock valued at $35,253,000 after buying an additional 800,003 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Bitdeer Technologies Group by 5,771.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 757,864 shares of the company’s stock worth $8,700,000 after buying an additional 744,956 shares during the last quarter. Institutional investors and hedge funds own 22.25% of the company’s stock.

Bitdeer Technologies Group Company Profile

(Get Free Report)

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.

Read More