
BTDR Stock Forecast & Price Target
BTDR Analyst Ratings
Bulls say
Bitdeer Technologies Group has demonstrated substantial growth in digital asset mining, as evidenced by a month-over-month increase in cumulative SEALMINER A2 deployment from 34.3 EH/s to 39.7 EH/s and a 21% rise in bitcoins mined. The company reported an adjusted EBITDA of $43.1 million for the third quarter, notably exceeding both the $31.8 million estimate and market consensus of $13.4 million, driven by enhanced margins in its self-mining segment. Looking ahead, plans to expand infrastructure capacity to approximately 2.7GW and the anticipated launch of its first-generation SEAL04, despite delays, are expected to further bolster revenue growth and overall valuation.
Bears say
Bitdeer Technologies Group faces substantial risks that could negatively impact its financial performance, chiefly due to the volatility of cryptocurrency prices, which can significantly decrease mining revenue and profitability. The potential for regulatory actions aimed at restricting or banning cryptocurrency usage could further diminish demand, exacerbating challenges in sustaining revenue levels. Additionally, the company is experiencing competitive pressures, particularly in light of bitcoin halving events and delays in technological advancements, which may hinder its operational effectiveness and profit margins.
This aggregate rating is based on analysts' research of Bitdeer Technologies Group and is not a guaranteed prediction by Public.com or investment advice.
BTDR Analyst Forecast & Price Prediction
Start investing in BTDR
Order type
Buy in
Order amount
Est. shares
0 shares