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BTBTDR

Bitdeer Technologies Group

Buzzing onWhy it's trendingMoving on elevated volumeStrong bullish X conversation
$BTDR·$2.5B·Software - Application·Technology
$11.12-2.2%YTD-0.4%1Y-9.8%
Mentions · last 7 days
2026-08-16: 23 posts2026-08-17: 78 posts2026-08-18: 55 posts2026-08-19: 86 posts2026-08-20: 114 posts2026-08-21: 87 posts2026-08-22: 31 posts474+4%
Price updated 1m ago·X counts updated 2d ago
BTBTDR
$BTDRBitdeer Technologies Group
$11.12-2.24%474 posts+4%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $BTDR, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Comeback attemptWinding up for a moveAI verdict · as of 2026-08-23

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

Bitcoin miner turning into an AI-cloud host — Barclays and Needham are in, the Q3 print is the test.

Bitdeer is a Bitcoin miner that's been rebuilding into an AI-datacenter host through its Malaysia (A102) and Norway campuses. The story is the same one IREN and Cipher are running, and this quarter delivered the first real customer commitment that gives the pivot a number.

  • The $400M/five-year AI-datacenter offtake is the tell: covers roughly 50% of the Malaysia A102 facility and puts a concrete revenue number on the pivot — this is what changes the equity from 'Bitcoin miner with a slide deck' to 'AI-cloud host with a book of business.'
  • Analyst coverage is stacking bullish: Barclays initiated Overweight with a $15 PT and Needham has a $20 PT — that's roughly 30-75% upside from here, and the fact that both landed in the same window suggests the sell-side is buying the pivot narrative rather than the Bitcoin economics alone.
  • The financials still show the transition cost: Q1 revenue $189M up 169% YoY, but gross margin -20% and free cash flow -$440M for the quarter — the FY26 consensus of $968M revenue with -$1.46 EPS confirms the profitability curve is a 2027-2028 story.
  • Two officer P-Purchases (Basit $221K, Potter $226K) on 8/13-17 are small but directional: insider open-market buys during an active $1B ATM window are a positive tell, especially with Tether holding 19.7% of the equity as an anchor investor.

A continuation of the Q3 setup requires the November 9 print to show AI-hosting revenue starting to contribute and the Malaysia A102 milestone timeline to hold — that's the specific proof point that separates BTDR from a generic miner. Invalidator: an operational delay on Malaysia A102, a fresh dilutive raise on top of the $1B ATM, or a Bitcoin drawdown that pressures the mining side while AI revenue is still ramping. The October $12 calls with unusual flow suggest options-market participants are positioning for the print.

Agrees with X sentimentThe X view is well-supported — the $400M offtake, Barclays $15 target, Needham $20 target, and IREN CEO's constructive comments are all documented. The Pennsylvania executive-order thread is a peripheral concern but BTDR being on the exempt list neutralizes it.

What to watch: The November 9 Q3 earnings for AI-hosting revenue and Malaysia A102 milestone timing. Concrete AI revenue + milestone = pivot validated; delays or fresh dilution = the discount widens.

On the calendar: 2026-11-09 — Q3 earnings

business pivotatm dilution

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment56 posts analyzed · as of 2026-08-22

Bitdeer sentiment is loudly bullish. Posters keep hammering the fresh five-year, ~$400M AI data-center offtake covering roughly 50% of the Malaysia A102 facility, a target of up to 350MW of AI cloud capacity by Q1 2028, Barclays initiating Overweight at $15, a $20 Needham price target, and IREN's CEO turning bullish on the name. BTDR is being framed as the outperformer alongside CLSK and MARA, with a bullish divergence breakout in play and unusual call flow on the October $12 calls. A Pennsylvania executive-order data-center thread is a peripheral overhang but BTDR is on the exempt list.

Read the AI verdict + X sentiment for $BTDR

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Operates bitcoin mining data centers and sells cloud hashrate; also developing proprietary ASIC chips and cloud computing infrastructure.

Industry overviewAI analysisGenerated by AI from underlying data

Where Software - Application sits in its cycle right now — and what that implies for $BTDR.

Software - Application · Technology

No material change from last week — platforms where agents expand contract value (ServiceNow, Snowflake) are re-rated upward, while tools where agents substitute human users (Adobe Creative..

What this means for $BTDR

Neutral — Operates bitcoin mining data centers and sells cloud hashrate; also developing proprietary ASIC chips and cloud computing infrastructure; limited read-through from software - application macro dynamics to this specific revenue mix.

Top industry ETF

$IGViShares Expanded Tech-Software Sector ETF
-4.2%YTD
-4.2%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-8.1How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-7.2%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-27.4%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-51.9%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
5.5Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-70.0%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
3.4%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
2.8Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 10, 2026$-0.37$-0.36-1.6%
Q1 2026May 14, 2026$-0.68$-0.46-48.1%
Q4 2025Feb 12, 2026$-0.73$-0.15-386.7%
Q3 2025Nov 10, 2025$-1.28$-0.22-481.8%
Next earningsMon, Nov 9·consensus EPS $-0.36

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$188.9M+169.4%-20.7%-56.1%$-0.68$-440.6M
Q4 FY25$224.8M+225.8%4.7%-35.1%$0.31$-650.3M
Q3 FY25$169.7M+173.6%24.1%4.0%$-1.28$-580.0M
Q2 FY25$155.6M+56.8%8.2%-16.0%$-0.76$-446.4M

Forward consensus

3-year forecast · up to 8 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$968.7M$900.5M – $1.0B-$1.46-$1.97 – -$0.608
FY27$1.4B$1.3B – $1.6B-$0.55-$0.63 – -$0.466
FY28$1.6B$1.3B – $2.0B-$1.27-$1.45 – -$1.072

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.2.2×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.21%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-11.5%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-7.3%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 131.4M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today21.3% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

BuyAug 14Basit Haris FozanChief Strategy Officer25.0K sh$221KBuyAug 12Michael G PotterCFO25.0K sh$226K
+ 5 other (5 awards) in window

See when $BTDR insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

424B5Prospectus supplement (offering)Aug 10424B5
AI summary

BTDR (BTDR) filed a prospectus supplement (Form 424B5) on 2026-08-10 for an immediate offering of shares at disclosed pricing, raising approximately $1,000,000,000 . Use of proceeds: general corporate purposes. This is dilutive capital activity happening now, distinct from a shelf registration — new shares will be issued. Investors should assess pricing relative to market and stated use of proceeds to evaluate dilution impact.

SC 13D/AActivist amendmentJun 30SC 13D/A
AI summary

Tether Global Investments Fund Ltd. holds 37,729,510 Class A shares (19.7%) of Bitdeer Technologies Group as of June 12, 2026, through its subsidiary Tether International S.A. de C.V. This is Tether's 13th Schedule 13D amendment for Bitdeer, reflecting continued maintenance of a significant strategic stake in this Bitcoin mining equipment and cloud computing company. The concentrated position signals Tether's ongoing strategic bet on Bitdeer's infrastructure.

SC 13D/AActivist amendmentJun 16SC 13D/A
AI summary

An activist or significant holder filed an amended Schedule 13D on Bitdeer Technologies Group (BTDR) on June 16, 2026. Body unavailable — excerpt contains only XBRL/cover page header without disclosing the filer's name, stake percentage, or updated investment intent.

3New insider — initial holdingsJun 53
AI summary

A new insider filed a Form 3 with the SEC, disclosing initial beneficial ownership of BTDR securities. This filing is required under Section 16(a) of the Securities Exchange Act within 10 days of becoming a reporting person (officer, director, or 10%+ holder). The filing reports 4 shares of common stock. Form 3 filings establish a baseline ownership record for subsequent Form 4 (changes) and Form 5 (annual) filings, providing transparency into insider positions at BTDR.

3/ANew insider — initial holdingsApr 303/A
AI summary

Bitdeer Technologies Group (BTDR) filed an amended Form 3/A correcting the initial beneficial ownership statement for Chief Technology Officer Ma Yuling, who holds no shares of common stock. The amendment addresses a technical correction or updated disclosure for the newly appointed CTO. This is part of Bitdeer's batch of Form 3 filings for its Singapore-based executive team. No derivative securities were reported.

SC 13D/AActivist amendmentApr 20SC 13D/A
AI summary

Bitdeer Technologies Group (BTDR) received an amended Schedule 13D/A (Amendment No. 2) from Shinning Stone International Capital Ltd. (a BVI entity) updating its beneficial ownership in the Bitcoin mining company. The amendment reflects changes in Shinning Stone's holdings or disclosed intentions regarding Bitdeer. As a BVI-based entity filing an active 13D rather than passive 13G, Shinning Stone may have strategic intentions regarding the Singapore-headquartered miner. Current share totals and purpose of transaction are detailed.

3/ANew insider — initial holdingsMar 313/A
AI summary

Bitdeer Technologies Group (BTDR) filed an amended Form 3/A for director Yang Guang, who holds 3,556 shares of common stock. The amendment corrects or updates the initial beneficial ownership statement for this Singapore-based Bitcoin mining company director. No derivative securities were reported.

3/ANew insider — initial holdingsMar 313/A
AI summary

Bitdeer Technologies Group (BTDR) filed an amended Form 3/A for director Trainor-Degirolamo, who holds 9,472 shares of common stock. The amendment corrects or updates the initial beneficial ownership statement for this director at the Singapore-headquartered Bitcoin mining company. No derivative securities were reported.

+ 36 other (16 6-Ks · 11 3s · 7 13Gs · 1 F-3ASR) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Why Investors Were Cold on Bitdeer Technologies Stock This Weekfool.com·11d agoBitdeer: Bitcoin And AI Compute Tailwinds Are Real, But My Conviction Isn'tseekingalpha.com·13d agoBitdeer Technologies Group (NASDAQ:BTDR) Shares Down 9.4% on Disappointing Earningsdefenseworld.net·14d agoBitdeer Technologies Group (BTDR) Q2 2026 Earnings Call Transcriptseekingalpha.com·14d agoCompared to Estimates, BITDEER TEC GRP (BTDR) Q2 Earnings: A Look at Key Metricszacks.com·14d ago

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