Bitdeer runs cryptocurrency mining farms in the US and Norway, both for its own account and for clients who pay for hosting, hardware sourcing, and datacenter management. Think of it as a turnkey mining landlord and operator.
Revenue came to USD 0.62B in 2025, but gross margin was just 9.83% and operating income was negative USD 0.18B. The business loses money on operations, with net income swinging positive only due to non-operating items.
Bitdeer's scale and physical datacenters in low-cost energy regions give some advantage, but mining hardware is commoditized and customers can switch to larger hosts like Marathon Digital or Riot Platforms. Moat is weak because barriers to entry are low and ma
Sell (sector percentile 10) — value D, growth B+, profitability D-, momentum C-, revisions B+. Updated daily, sector-relative, identical for every user.
Key events, in time order
Barclays cites HPC exposure and 3GW powered capacity for Overweight rating
Top investor's new stake signals institutional confidence
Revenue grew but net loss widened; ATM offering adds dilution pressure.
Multiple analyst upgrades on Aug 5 align with the recent $4.7B AI data center lease news
On 7/9, a $2.1M buy of $16 calls expiring 8/7 was seen, with OI over 11k, extending the prior bullish options imbalance.
Multiple analyst initiations on BTDR alongside data center sector buzz, though no specific ratings disclosed
Multiple X users highlight Neocloud theme return, BTDR appears on watchlists and REX ETF portfolio update
After May 28 call buying, option price rose from 1.84 to 3.47; open interest reached 51k contracts
Massive hashrate expansion overshadowed by severe margin compression
None yet
None yet
The discussion around BTDR is part of a broader list of cryptocurrency and tech stocks being presented for analysis, indicating a focus on market trends and potential investment opportunities within the sector.
Main discussion
30 charts dropping today for subscribers: $AXTI $BABA $BMNR $BTDR $CIFR $CLSK $DGXX $ETH $FIGR $HOOD $HPE $IMSR $INDI $IREN $LMND $MARA $META $MRVL $MSTR $ONDS $ORCL $PGY $SLNH $SMR $SOFI $SOUN $SYM $UPST $USAR $VELO https://x.com/StonkChris/creator-subscriptions/subscribe
$NBIS $CIFR $HUT $IREN $APLD $WULF $WYFI $GLXY $HIVE $CLSK $BTDR
No comments yet.
Facts and opinions separated · All items sourced · Not investment advice
