Bitdeer Technologies Group's Financial Performance and Stock Update

Font: Financial Modeling Prep  • Aug 18, 2025

• H.C. Wainwright maintains a "Buy" rating for NASDAQ:BTDR, raising the price target from $18 to $19.
• Bitdeer reports a 56.8% year-over-year revenue growth in Q2 2025, with significant sales from SEALMINER A2s.
• The company faces a net loss of $147.7 million but is on track to achieve 40 EH/s of self-mining by the end of October.

Bitdeer Technologies Group, trading under the symbol NASDAQ:BTDR, is a prominent player in the Bitcoin mining industry. On August 18, 2025, H.C. Wainwright maintained its "Buy" rating for BTDR, with a "hold" action, while raising the price target from $18 to $19, as highlighted by TheFly. At that time, the stock was priced at $14.38.

In the second quarter of 2025, Bitdeer reported impressive revenue growth, achieving $155.6 million, a 56.8% increase year-over-year and a 121.9% rise sequentially. A significant portion of this revenue, $69.5 million, came from the external sale of SEALMINER A2s. Despite this growth, the company faced a net loss of $147.7 million, a substantial increase from the $17.7 million loss in the same quarter of the previous year.

The company's gross profit decreased to $12.8 million from $24.4 million, and its adjusted EBITDA was $17.3 million, down from $23.52 million. Bitdeer is on track to achieve 40 EH/s of self-mining by the end of October and aims to exceed this by the year's end. Additionally, the company is in advanced negotiations for a site in Clarington, Ohio, for high-performance computing and AI applications.

Currently, BTDR is priced at approximately $14.32, reflecting a 6.95% increase with a price change of about $0.93. The stock has fluctuated between a low of $12.66 and a high of $14.76 today. Over the past year, BTDR has reached a high of $26.99 and a low of $5.40. The company's market capitalization is approximately $2.82 billion, with a trading volume of 4.84 million shares.