Group 1 - U.S. stock futures are lower, with Dow futures falling more than 350 points [1] - Orion SA expects third-quarter adjusted EBITDA to be around $55 million and full-year adjusted EBITDA in the range of $220-$235 million, leading to an 18.6% drop in shares to $5.56 in pre-market trading [1] Group 2 - ENDRA Life Sciences Inc shares fell 19.4% to $6.54 after a previous 25% increase due to $4.9 million in funding commitments [4] - Canaan Inc shares tumbled 11.8% to $1.34 after a 39% jump, despite a maintained Buy rating and $4 price target from Rosenblatt analyst [4] - DBV Technologies SA shares fell 11.8% to $14.48 after gaining around 10% previously [4] - Nanobiotix SA shares tumbled 10.2% to $27.23 after a previous increase of over 28% [4] - Draganfly Inc shares dipped 9.4% to $12.47 after filing for a mixed shelf of up to $200 million [4] - Bitdeer Technologies Group shares fell 9% to $18.61 after a 15% gain [4] - Diginex Ltd shares fell 9% to $23.40 [4] - HIVE Digital Technologies shares dipped 8.1% to $6.21, despite a maintained Buy rating and $10 price target [4] - Oatly Group AB shares fell 7.8% to $13.29 after a 5% gain [4] - Bit Digital Inc shares declined 7.7% to $3.69 after a previous gain of over 6% [4] - Upexi Inc shares fell 7.7% to $5.98 [4] - Sharplink Gaming Inc shares declined 7.1% to $14.98 after adding 5% previously [4] - Nio Inc shares fell 5% to $6.82, influenced by new port fees affecting US-listed Chinese stocks [4] - Alibaba Group Holding Ltd shares declined 4% to $160.20, also impacted by new port fees [4]

Group 1: Market Recovery and Performance - Crypto mining stocks, particularly Bitfarms (BITF) and Cipher Mining (CIFR), saw significant gains of 26% and 20% respectively on Monday, recovering from Friday's market downturn [1] - Other mining companies like Bitdeer (BTDR), IREN (IREN), and MARA Holdings (MARA) also advanced around 10%, indicating optimism in the market due to AI compute demand [1] Group 2: Influential Deals and Partnerships - OpenAI's partnership with Broadcom (AVGO) to develop custom chips for AI and machine learning may have contributed to positive market sentiment [2] - Bloom Energy (BE) announced a $5 billion deal with Brookfield Asset Management to deploy fuel cells in data centers, addressing the energy demands of AI [2] Group 3: Market Context and Investor Sentiment - The gains in the crypto sector followed a steep downturn due to heightened trade tensions between the U.S. and China, with Trump imposing a 100% increase in tariffs on Chinese goods [3] - Investor concerns eased over the weekend, leading to a 2.1% increase in the Nasdaq and a 1.4% increase in the S&P 500 on Monday [3] Group 4: Other Crypto-Related Stocks - Other crypto-related companies experienced modest gains, with Strategy (MSTR) rising 2.8% and Robinhood increasing by 1% [4] - BitMine (BMNR) reported a nearly 7% bounce after purchasing over 200,000 Ethereum tokens worth over $840 million, capitalizing on recent price dips [4]

Core Viewpoint - JonesResearch initiated coverage of Bitdeer (BTDR) with a Buy rating and a $32 price target, applying a 20x EV/EBITDA multiple to its 2026 EBITDA estimate of $435.5 million, indicating confidence in Bitdeer's leadership in HPC hosting and potential upside from colocation deals [1] Company Overview - Bitdeer operates a vertically integrated model, designing, manufacturing, and deploying its Sealminer rigs, which is expected to lower self-mining gross margins from a hashcost of $0.037/TH to fleet efficiencies of 14.2 J/TH by the end of 2027 [2] - External Sealminer sales are conservatively modeled at 19 EH/s in 2026 and 32 EH/s in 2027, representing a significant opportunity in the $3 billion–$5 billion ASIC hardware market [2] - Bitdeer is positioned to capture market share from competitors like Bitmain, especially among new entrants [2] Valuation Metrics - Bitdeer trades at 6.8–10.6x EV/EBITDA on 2026 estimates, significantly below the coverage universe's median of 18.3–28.7x [2] - The report highlights substantial unrecognized value in two AI/HPC colocation assets: the 570 MW Clarington, Ohio site valued at $26.64–$36.46 per share and the 309 MW Norwegian portfolio worth $14.44–$19.77 per share [2] Key Catalysts - Key catalysts for Bitdeer include closing colocation leases at Clarington and Norway, as well as the planned release of the next-generation Sealminer A4-2 rig targeting 5.5–6.0 J/TH efficiency in late 2026 [3]

Group 1 - Bitdeer Technologies Group (NASDAQ:BTDR) saw a significant share price increase of 10.28% to close at $19.42, driven by a rally in Bitcoin prices and market optimism for potential rate cuts [1][2] - The current price of Bitcoin is $122,375, reflecting a 9% increase from the previous week and a 1.62% rise from the day before [1] - Investors are anticipating the announcement of Bitdeer's September production results in the coming days [2] Group 2 - Bitdeer recently launched its new self-developed Bitcoin mining machines, the Sealminer A3 series, which are designed to be low-noise and significantly reduce power consumption per unit of hash rate [2] - The new mining machines enhance energy efficiency and environmental sustainability, leading to lower operational costs for miners while meeting the demands of large-scale mining operations [3]

Group 1 - Bitdeer Technologies Group (NASDAQ:BTDR) is identified as a strong investment opportunity for the next five years, with Roth Capital raising its price target from $18 to $40 while maintaining a "Buy" rating [1][2] - The company's Q2 2025 revenue reached $155.6 million, marking a year-over-year increase of 56.8% and a sequential increase of 121.9%, driven by growth in self-mining and sales of SEALMINER A2s [2] - Bitdeer has expanded its global power and datacenter infrastructure, energizing 361 MW of datacenter capacity for self-mining, bringing total capacity to approximately 1.3 GW, with expectations to exceed 1.6 GW by year-end [2] Group 2 - The potential of Bitdeer Technologies Group as an investment is acknowledged, but there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [3]

Core Insights - Bitdeer Technologies Group has launched its latest self-developed Bitcoin mining machines, the SEALMINER A3 series, which includes four models with varying cooling methods and hashrates [1][3]. Product Specifications - The SEALMINER A3 series features low-noise operation and reduced power consumption per unit of hashrate, enhancing energy efficiency and sustainability [3]. - The A3 Pro Hydro model has a hashrate of 660 TH/s, power efficiency of 12.5 J/TH ±5%, and power consumption ranging from 7875W to 8625W ±10% [5]. - The A3 Pro Air model offers a hashrate of 290 TH/s, power efficiency of 12.5 J/TH ±5%, and power consumption between 3250W and 4000W ±10% [5]. - The A3 Hydro model provides a hashrate of 500 TH/s, power efficiency of 13.5 J/TH ±5%, and power consumption from 6210W to 7290W ±10% [5]. - The A3 Air model has a hashrate of 260 TH/s, power efficiency of 14 J/TH ±5%, and power consumption ranging from 3360W to 3920W ±10% [5]. Company Commitment - Bitdeer is dedicated to enhancing transparency and efficiency in the mining industry through ongoing research and development, focusing on innovation, efficiency, and stability [4][6]. - The company provides comprehensive computing solutions, including equipment procurement, logistics, datacenter design, and management, catering to the needs of global miners [4].

Group 1 - Bitdeer Technology Group (BTDR) stock received a positive adjustment to its Relative Strength (RS) Rating, increasing from 84 to 91, indicating improved market leadership [1] - Galaxy Digital's RS Rating has also improved, entering the 80-plus level, reflecting a positive trend in its stock performance [2] - Iren stock has achieved a Composite Rating of 96, indicating strong market performance, driven by updates in Bitcoin mining and AI cloud services [4] Group 2 - Bitdeer Technology's RS Rating has shown improvement, now at 83, suggesting a strengthening position in the market [4] - The performance of Bitcoin miners, particularly Iren, has been positively influenced by recent earnings reports and developments related to Nvidia [4] - The overall market for Bitcoin mining stocks appears to be experiencing rallies, supported by advancements in AI technology [4]

Group 1 - Bitdeer Technologies Group (NASDAQ:BTDR) experienced a significant increase of 30.77% week-on-week due to improved Bitcoin mining operations, with the company mining 375 new Bitcoins in August, a 33% increase from 282 in July [1][2] - The company's self-mining hash rate improved to 30 EH/s in August, up from 22 EH/s in July [2] - For October, Bitdeer is targeting a self-mining hash rate of 40 EH/s, indicating plans for expansion and positioning to become one of the largest vertically integrated miners globally [3] Group 2 - Bitdeer Technologies is set to pay off $7.7 million of outstanding debt through the early redemption of its 8.5% convertible senior notes due in 2029 [4] - Noteholders have the option to convert the notes into shares, with a conversion rate of 127.9743 Class A shares for every $1,000 note [5] - The conversion includes an additional upside of 10.9536 shares for every $1,000 principal amount due to the cleanup redemption [6]

Company Performance - Bitdeer Technologies Group (NASDAQ:BTDR) experienced a share price increase of 14.46% on Friday, closing at $16.15, driven by strong performance in Bitcoin mining operations [1] - The company mined 375 new Bitcoins in August, representing a 33% increase from 282 Bitcoins mined in July [1] - Bitdeer’s self-mining hash rate rose to 30 EH/s in August, up from 22.3 EH/s in July [2] Future Outlook - Bitdeer Technologies is on track to reach a self-mining target of 40 EH/s by the end of October 2025, with plans to expand its SEALMINER fleet [3] - The Chief Business Officer, Matt Kong, indicated that the company aims to become one of the largest vertically integrated miners globally [3] Financial Management - Bitdeer is proactively managing its debt by redeeming $7.7 million worth of 8.5% convertible senior notes due in 2029, with payment scheduled for September 23, 2025 [4] - Noteholders have the option to convert their notes into shares, with a conversion rate adjustment due to the notes being called for cleanup redemption [5]

Core Viewpoint - Bitdeer Technologies Group has reported significant operational updates for August 2025, highlighting a 35% increase in self-mining hashrate to 30.0 EH/s and a target of reaching 40 EH/s by the end of October 2025 [1][4]. Operational Update - The company mined 375 Bitcoins in August 2025, representing a ~33% increase from July 2025 due to higher average self-mining hashrate [4]. - The total hash rate under management increased to 44.2 EH/s in August 2025, up from 36.4 EH/s in July 2025 and 16.8 EH/s in August 2024 [5]. - The self-owned mining rigs increased to 143,000, up from 127,000 in July 2025 and 87,000 in August 2024 [5]. Mining Rig Manufacturing and R&D - A total of 27.8 EH/s in mining rigs have been manufactured, with 6.0 EH/s shipped to external customers [4]. - The SEALMINER A1 has been energized to 4.1 EH/s, while 1.2 EH/s of additional rigs are in final assembly [4]. - The company is preparing for mass production of new mining rigs, expected to begin in late September or early October 2025 [4]. Infrastructure Construction Update - Total electrical capacity across various sites reached 1,424.55 MW, with several sites fully online [8][9]. - New projects are in progress, including a 221 MW site in Massillon, Ohio, expected to be energized by Q1 2026, and a 570 MW site in Clarington, Ohio, expected to be completed by Q2 2027 [10][11]. HPC/AI Developments - Bitdeer.AI achieved an annualized run-rate revenue of US$8 million in August 2025 from GPU cloud services, with growth anticipated in Q4 2025 [4]. - The company is actively developing AI technologies to enhance its cloud services and is investigating modular data centers for deployment [4].