BTDR Stock Forecast & Price Target

Bitdeer Technologies has demonstrated significant operational improvements, with its total hash rate under management reaching 49.2 EH/s by the end of October, reflecting a robust increase in self-mining capabilities that surged 273.1% year-over-year. The company's self-mining revenue soared to $130.9 million, marking a staggering 315% increase compared to the previous year, primarily driven by higher Bitcoin prices and increased efficiency in mining operations, as evidenced by the improvement in miner efficiency from 31.4 J/TH to 20.1 J/TH. Additionally, the Membership Hosting segment also contributed positively, with revenue rising to $14.0 million, up 41.4% year-over-year, highlighting Bitdeer's ability to expand and adapt its business model in a competitive market.

Bitdeer Technologies Group has reported a significant decrease in hosting revenue, which fell to $8.4 million in the third quarter of fiscal 2025, largely attributed to the expiration of key contracts and the phased removal of outdated mining equipment. The company suffered a negative operating cash flow of $520 million during the same quarter, driven by heightened supply chain costs, electricity expenses, and corporate overhead, which raises concerns about operational sustainability. Additionally, the company's cloud hash rate revenue dwindled to nearly zero due to contract expirations and reallocations, alongside broader market pressures from potential regulatory measures and fluctuating cryptocurrency prices that jeopardize profitability.