Bitdeer Technologies Group (NASDAQ:BTDR) Shares Down 7.4% – Should You Sell?

Shares of Bitdeer Technologies Group (NASDAQ:BTDR) fell 7.4% on Wednesday. The stock traded as low as $10.32 and last traded at $10.1030. 2,053,658 shares were traded during trading, a decline of 79% from the average session volume of 9,623,103 shares. The stock had previously closed at $10.91.

Key Bitdeer Technologies Group News

Here are the key news stories impacting Bitdeer Technologies Group this week:

• Positive Sentiment: Bitdeer secured a long-term lease with Volta for its Tydal site, a development that could support expansion of its infrastructure and future revenue opportunities. Bitdeer secures long-term lease with Volta for Tydal site
• Positive Sentiment: HC Wainwright maintained a Buy rating and projected a transition from losses in 2026 to positive earnings in 2027, including estimated EPS of $2.40 for fiscal 2027. The firm forecast EPS of negative $0.28 for Q3 2026 and negative $1.59 for full-year 2026, but expects positive quarterly earnings beginning in Q1 2027. Q3 Earnings Forecast for BTDR Issued By HC Wainwright
• Positive Sentiment: Institutional accumulation was notable, with 156 investors adding shares in their latest reporting period. Bitdeer executives also purchased 25,000 shares each, potentially signaling confidence in the company’s long-term prospects. Bitdeer Technologies Group short interest and institutional activity
• Neutral Sentiment: Analysts’ median price target is $23, substantially above recent trading levels, but targets range from $15 to $35 and may not reflect near-term volatility or execution risks. Bitdeer analyst price targets
• Negative Sentiment: Short interest remains extremely high at 37.06% of the float, or nearly 55 million shares, despite declining 1.11%. The 5.72-day estimated cover period indicates continued potential for selling pressure and elevated volatility. Bitdeer Technologies Group short interest falls
• Negative Sentiment: Bitdeer is still expected to report sizable losses in 2026, while its latest reported quarter showed negative EPS and a deeply negative net margin. That near-term lack of profitability likely weighs on investor sentiment.

Analyst Ratings Changes

BTDR has been the topic of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $25.00 price objective on shares of Bitdeer Technologies Group in a report on Tuesday, September 15th. Barclays initiated coverage on shares of Bitdeer Technologies Group in a research note on Thursday, August 20th. They set an “overweight” rating and a $15.00 price target on the stock. Citizens Jmp started coverage on shares of Bitdeer Technologies Group in a research note on Wednesday, June 24th. They issued a “market outperform” rating and a $35.00 price objective for the company. HC Wainwright reaffirmed a “buy” rating on shares of Bitdeer Technologies Group in a report on Friday, October 2nd. Finally, Weiss Ratings downgraded Bitdeer Technologies Group from a “hold (c-)” rating to a “sell (d-)” rating in a report on Friday. Eleven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.27.

Bitdeer Technologies Group Stock Performance

The firm’s 50-day moving average is $10.95 and its 200 day moving average is $12.55. The stock has a market cap of $2.32 billion, a PE ratio of -3.33 and a beta of 2.56. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.01 and a current ratio of 1.01.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its quarterly earnings data on Tuesday, June 30th. The company reported ($0.37) earnings per share (EPS) for the quarter. Bitdeer Technologies Group had a negative return on equity of 54.72% and a negative net margin of 55.15%.The business had revenue of $228.78 million for the quarter. As a group, research analysts anticipate that Bitdeer Technologies Group will post -1.72 EPS for the current year.

Insider Activity

In related news, insider Haris Basit acquired 25,000 shares of Bitdeer Technologies Group stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of $8.84 per share, with a total value of $221,000.00. Following the purchase, the insider directly owned 35,000 shares in the company, valued at approximately $309,400. The trade was a 250.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Potter acquired 25,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $9.04 per share, with a total value of $226,000.00. Following the completion of the transaction, the chief financial officer directly owned 25,000 shares in the company, valued at $226,000. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing.

Hedge Funds Weigh In On Bitdeer Technologies Group

Several institutional investors have recently bought and sold shares of the company. Fund Resources Investment Holding Group Co Ltd lifted its stake in shares of Bitdeer Technologies Group by 3.0% in the 1st quarter. Fund Resources Investment Holding Group Co Ltd now owns 9,440,418 shares of the company’s stock worth $81,660,000 after acquiring an additional 276,098 shares during the period. Situational Awareness LP increased its stake in shares of Bitdeer Technologies Group by 92.4% during the first quarter. Situational Awareness LP now owns 3,439,450 shares of the company’s stock worth $29,751,000 after acquiring an additional 1,651,450 shares during the period. Bank of America Corp DE raised its holdings in Bitdeer Technologies Group by 1,366.7% during the first quarter. Bank of America Corp DE now owns 3,227,585 shares of the company’s stock worth $27,919,000 after purchasing an additional 3,007,523 shares in the last quarter. CastleKnight Management LP raised its holdings in Bitdeer Technologies Group by 14.8% during the fourth quarter. CastleKnight Management LP now owns 2,095,116 shares of the company’s stock worth $23,486,000 after purchasing an additional 269,875 shares in the last quarter. Finally, Bank of Nova Scotia lifted its position in Bitdeer Technologies Group by 91.1% in the first quarter. Bank of Nova Scotia now owns 1,369,447 shares of the company’s stock valued at $11,846,000 after purchasing an additional 652,874 shares during the period. 22.25% of the stock is owned by institutional investors and hedge funds.

About Bitdeer Technologies Group

Bitdeer Technologies Group is a Singapore-based technology company focused on cryptocurrency mining and high-performance computing. The company operates an integrated platform that includes digital asset mining, mining-machine hosting and hash-rate sharing services for institutional and individual customers.

Bitdeer also develops proprietary cryptocurrency-mining hardware under the SEALMINER brand. Its activities span the design, production and deployment of application-specific integrated circuit (ASIC) mining machines, as well as the operation of data centers that support its own mining activities and hosting customers.

The company operates data-center and mining infrastructure across multiple international markets, including North America, Europe and Asia.