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

Bitdeer Technologies Group (NASDAQ:BTDR) released its quarterly earnings results 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 negative return on equity of 70.29% and a negative net margin of 68.11%.The business had revenue of $188.93 million for the quarter, compared to the consensus estimate of $184.02 million. During the same quarter last year, the company earned ($0.37) earnings per share. The firm’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 Trading Down 9.5%

Shares of BTDR stock traded down $1.40 during trading hours on Friday, reaching $13.35. The company had a trading volume of 7,988,545 shares, compared to its average volume of 7,051,834. The company has a 50 day moving average of $10.47 and a 200 day moving average of $11.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.91 and a quick ratio of 0.75. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of -3.87 and a beta of 2.32. Bitdeer Technologies Group has a 1-year low of $6.92 and a 1-year high of $27.80.

Analyst Ratings Changes

BTDR has been the topic of several research reports. Benchmark reduced their price objective on Bitdeer Technologies Group from $38.00 to $27.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Wall Street Zen downgraded Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a report on Saturday, May 2nd. UBS Group reaffirmed a “buy” rating on shares of Bitdeer Technologies Group in a report on Thursday, February 12th. HC Wainwright reduced their price objective on Bitdeer Technologies Group from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, BTIG Research reaffirmed a “buy” rating on shares of Bitdeer Technologies Group in a report on Friday, January 16th. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.50.

Bitdeer Technologies Group News Roundup

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

• Positive Sentiment: B. Riley Financial raised its price target to $23 and reiterated a buy rating, implying substantial upside from current levels. B. Riley price target increase article
• Positive Sentiment: Rosenblatt Securities lifted its target to $25 and kept a buy rating, signaling continued confidence in Bitdeer’s growth story. Rosenblatt price target increase article
• Positive Sentiment: Needham & Company and Cantor Fitzgerald also raised targets, reflecting improved analyst expectations after the quarter. Needham and Cantor price target increase article
• Neutral Sentiment: Bitdeer’s revenue surged year over year, but profitability remains uneven, leaving investors focused on whether growth can translate into better earnings. Q1 2026 financial results
• Negative Sentiment: The EPS miss suggests costs and margin pressure are still weighing on results, which can pressure the stock despite revenue strength. Bitdeer falls short of first-quarter expectations despite revenue surge

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Empowered Funds LLC acquired a new position in shares of Bitdeer Technologies Group in the 4th quarter valued at $34,000. Kestra Advisory Services LLC acquired a new position in shares of Bitdeer Technologies Group in the 4th quarter valued at $39,000. Tower Research Capital LLC TRC raised its stake in Bitdeer Technologies Group by 7,157.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock worth $83,000 after buying an additional 7,157 shares during the period. Mariner LLC acquired a new stake in Bitdeer Technologies Group during the 4th quarter worth $117,000. Finally, Entropy Technologies LP acquired a new stake in Bitdeer Technologies Group during the 4th quarter worth $125,000. Institutional investors and hedge funds own 22.25% of the company’s stock.

About Bitdeer Technologies Group

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.