BITDEER(BTDR)
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Bitdeer Announces Pricing of Registered Direct Offering of 5,503,030 Class A Ordinary Shares
Globenewswire· 2026-02-20 12:00
SINGAPORE, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer”), a world-leading technology company for Bitcoin mining and AI infrastructure, today announced the pricing of its registered direct offering of 5,503,030 of its Class A ordinary shares, par value US$0.0000001 per share (the “Class A ordinary shares”), to certain holders of its 5.25% convertible senior notes due 2029 (the “November 2029 notes”) at a price of US$7.94 per Class A ordinary share in a direct placeme ...
Bitdeer Announces Pricing of Upsized US$325.0 Million Convertible Senior Notes Offering
Globenewswire· 2026-02-20 12:00
SINGAPORE, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer”), a world-leading technology company for Bitcoin mining and AI infrastructure, today announced the pricing of US$325.0 million principal amount of 5.00% Convertible Senior Notes due 2032 (the “notes”) in a private placement (the “notes offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggr ...
Bitdeer 拟发行 3 亿美元可转换优先票据,用于数据中心及 AI 云业务扩张
Xin Lang Cai Jing· 2026-02-19 14:49
(来源:吴说) 吴说获悉,比特币矿企 Bitdeer(纳斯达克代码:BTDR)宣布拟通过私募方式发行本金总额为 3 亿美 元、2032 年到期的可转换优先票据,并计划向初始购买者授予最高 4500 万美元的额外购买期权。本次 发行的部分净收益将用于支付上限期权交易(Capped Call)成本,以及回购部分 2029 年到期的 5.25% 可转债。剩余资金将主要用于数据中心扩张、高性能计算(HPC)和 AI 云业务扩展、ASIC 矿机研发 与制造,以及营运资金和其他一般企业用途。 ...
Roth Capital is Bullish on Bitdeer Technologies Group (BTDR)
Yahoo Finance· 2026-02-18 04:31
Bitdeer Technologies Group (NASDAQ:BTDR) is among the 11 Best Bitcoin and Blockchain Stocks to Invest in. Roth Capital is Bullish on Bitdeer Technologies Group (BTDR) Bitdeer Technologies Group (NASDAQ:BTDR) is among the Best Bitcoin Stocks. On February 13, Darren Aftahi of Roth Capital decreased Bitdeer Technologies Group (NASDAQ:BTDR)'s price target from $40 to $30. The analyst maintained a Buy rating, noting "some puts and takes" on the earnings call and mixed Q4 results. The corporation expressed ...
11 Best Bitcoin and Blockchain Stocks to Invest in
Insider Monkey· 2026-02-16 16:59
In this article, we will discuss: 11 Best Bitcoin and Blockchain Stocks to Invest In.Bitcoin plummeted below $61,000 on February 5, reversing all gains since US President Donald Trump’s election in November 2024, as reported by Reuters on February 7, 2026. The decline was caused by limited liquidity and financial turmoil. This marked its lowest level since a month before the election. Following a record-breaking October price spike above $125,000, prices have now dropped by almost 20% before rising above $7 ...
BITDEER TEC GRP (BTDR) Reports Q4 Earnings: What Key Metrics Have to Say
ZACKS· 2026-02-12 16:01
Core Viewpoint - Bitdeer Technologies Group (BTDR) reported significant revenue growth of 225.8% year-over-year for the quarter ended December 2025, with revenue reaching $224.84 million, surpassing analyst expectations [1] Financial Performance - The company reported an EPS of -$0.73, an improvement from -$3.22 in the same quarter last year, indicating a positive trend in earnings despite still being in the negative [1] - The reported revenue exceeded the Zacks Consensus Estimate of $209.85 million by 7.14%, while the EPS fell short of the consensus estimate of -$0.14 by 430.91% [1] Stock Performance - Bitdeer Technologies Group's shares have declined by 18.8% over the past month, contrasting with a minor decline of 0.3% in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3] Revenue Breakdown - Bitcoin mined (self-mining only) was reported at 1,673, matching the average estimate from two analysts [4] - Revenue from self-mining was $168.6 million, slightly above the average estimate of $163.91 million from three analysts [4] - Membership hosting revenue reached $16.3 million, exceeding the average estimate of $11.75 million based on two analysts [4] - Revenue from SEALMINERs and Accessories was $23.4 million, below the average estimate of $32.25 million from two analysts [4] - General hosting revenue was reported at $7.6 million, slightly below the average estimate of $8.25 million from two analysts [4]
Bitdeer Technologies Group Q4 Earnings Call Highlights
Yahoo Finance· 2026-02-12 15:34
Core Insights - Bitdeer Technologies Group reported significant revenue growth in Q4 2025, with a year-over-year increase of 225.8% to $224.8 million, driven by self-mining and AI infrastructure initiatives [4][7] - Despite the revenue surge, gross profit fell to $10.6 million, reflecting a gross margin of 4.7%, down from 24.1% in the previous quarter, primarily due to lower Bitcoin prices, increased electricity costs, and a change in depreciation methodology [3][7] Financial Performance - The company posted an adjusted EBITDA of $31.2 million for Q4 2025, down from $39.6 million in Q3 2025 [3] - Self-mining revenue reached $168.6 million, significantly up from $41.5 million in Q4 2024 and $130.9 million in Q3 2025, attributed to a higher average operating hash rate [8] - Bitdeer reported a net operating cash outflow of $599.5 million, driven by supply chain costs, electricity expenses, and corporate overhead [5][17] Operational Developments - Bitdeer is expanding its self-mining capacity, exiting 2025 with over 55 EH/s and reaching over 63 EH/s in January 2026 [6][9] - The company commenced mass production of the SEALMINER A3 series and plans to begin production of SEAL04-1 in Q1 2026, with a focus on improving energy efficiency [10][12] - Bitdeer is prioritizing colocation services for AI and HPC at larger sites, with over 1.66 GW of capacity online and a total pipeline of 3 GW [12][14] Strategic Focus - The firm is pivoting towards AI/HPC colocation and GPU-as-a-Service, with plans to expand its cloud platform in Malaysia and the U.S. [5][14] - Management emphasized that significant U.S. GPU deployments will be backed by committed revenue from enterprise contracts, avoiding speculative capacity [15] - The company plans to switch to GAAP reporting in Q1 2026, moving away from IFRS [20]
BITDEER(BTDR) - 2025 Q4 - Annual Report
2026-02-12 14:17
Exhibit 99.1 Bitdeer Reports Unaudited Financial Results for the Fourth Quarter and Full Year of 2025 SINGAPORE, February 12, 2026 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) ("Bitdeer" or the "Company"), a world-leading technology company for Bitcoin mining and AI infrastructure, today released its unaudited financial results for the fourth quarter ended December 31, 2025. Q4 2025 Financial Highlights All amounts compared to Q4'24 unless otherwise noted Management Commentary Indicative ti ...
Bitdeer Technologies Group (BTDR) Reports Q4 Loss, Beats Revenue Estimates
ZACKS· 2026-02-12 14:17
分组1 - Bitdeer Technologies Group (BTDR) reported a quarterly loss of $0.73 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.14, marking an earnings surprise of -430.91% [1] - The company posted revenues of $224.84 million for the quarter ended December 2025, exceeding the Zacks Consensus Estimate by 7.14%, and showing a substantial increase from year-ago revenues of $69.02 million [2] - Over the last four quarters, Bitdeer has surpassed consensus revenue estimates four times, although it has only exceeded consensus EPS estimates once [2] 分组2 - The stock has gained approximately 7% since the beginning of the year, outperforming the S&P 500, which has gained 1.4% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.16 on revenues of $203.69 million, and for the current fiscal year, it is -$0.15 on revenues of $1.18 billion [7] - The Zacks Industry Rank indicates that the Technology Services sector is currently in the bottom 38% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8]
BITDEER(BTDR) - 2025 Q4 - Earnings Call Transcript
2026-02-12 14:02
Financial Data and Key Metrics Changes - Total revenue for Q4 2025 reached $225 million, representing a 226% increase year-over-year and a 33% increase sequentially [5][17] - Gross profit totaled $10.6 million, with an adjusted EBITDA of $31.2 million for the quarter [5][21] - Self-mining revenue was $168.6 million, up 306% year-over-year and 28.7% sequentially [17] - Total operating expenses for the quarter were $66.3 million, compared to $42.5 million in Q4 2024 and $60.5 million in Q3 2025 [20] Business Line Data and Key Metrics Changes - Self-mining hash rate increased to over 63 exahash per second by the end of January 2026, up from 55 exahash per second at year-end [13] - SEALMINER sales revenue was $23.4 million, up 105.4% from $11.4 million in Q3 2025 [18] - The overall fleet-wide efficiency improved to 17.5 joules per terahash as of January 31, 2026 [14] Market Data and Key Metrics Changes - The company reported a significant shift in market dynamics around AI data center development, with increased demand for large-scale colocation capacity [6][7] - The average Bitcoin price decreased by 13% quarter-over-quarter, impacting gross margins [18][19] Company Strategy and Development Direction - The company aims to position itself as a vertically integrated Bitcoin and AI infrastructure provider, focusing on Bitcoin mining, ASIC development, and HPC AI [12][28] - The strategy includes prioritizing colocation services in Norway and the U.S. for large-scale AI HPC deployments [7][11] - The company plans to continue investing in self-mining capacity despite current Bitcoin price fluctuations, indicating a long-term belief in Bitcoin [42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in securing colocation deals in the near future, although predicting exact timelines is challenging [31] - The company anticipates continued growth in self-mining operations and expects the supply-demand imbalance for AI compute to persist into 2027 [12][28] - Management highlighted the importance of maintaining operational flexibility and efficiency in response to market conditions [47] Other Important Information - The company plans to transition from IFRS to GAAP accounting standards starting in Q1 2026 [27] - Capital expenditures for 2025 totaled $176 million, with an anticipated range of $180 million to $200 million for 2026 [24] Q&A Session Summary Question: What are the main items being discussed with potential colocation customers? - Discussions vary by counterparty and include price, duration, and design considerations, with confidence in finalizing deals soon [30][31] Question: What should be expected in terms of debt and cost of capital for colocation projects? - Cost of capital will depend on counterparties and deal terms, making it difficult to predict at this stage [32][35] Question: What is the status of the Tydal site and its customer discussions? - The Tydal site is expected to be completed by the end of the year, with a low PUE of around 1.1 due to its hydropower source [40] Question: How does the company view the growth of its Bitcoin mining business in 2026? - The company remains committed to investing in Bitcoin mining capacity despite current market conditions, with no specific hash rate projections provided yet [42][43] Question: Is there a price point at which mining activity would slow down? - There is a price point where mining could slow, but the company has not reached it yet, and efficiency improvements allow for continued operation [47][48] Question: What is the strategy for GPU rental versus colocation? - The company will pursue colocation for larger sites and GPU rental for smaller sites, reflecting a strategic pivot based on customer needs [83][84]