B. Riley Financial Cuts Bitdeer Technologies Group (NASDAQ:BTDR) Price Target to $21.00

Bitdeer Technologies Group (NASDAQ:BTDR) had its target price reduced by B. Riley Financial from $23.00 to $21.00 in a research note issued to investors on Thursday,Benzinga reports. B. Riley Financial currently has a buy rating on the stock.

A number of other analysts have also weighed in on the stock. Benchmark restated a “buy” rating on shares of Bitdeer Technologies Group in a research note on Tuesday. Rosenblatt Securities lifted their price target on shares of Bitdeer Technologies Group from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Keefe, Bruyette & Woods lowered their price target on shares of Bitdeer Technologies Group from $17.00 to $14.00 and set a “market perform” rating for the company in a report on Tuesday, July 28th. Wall Street Zen downgraded shares of Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 2nd. Finally, Cantor Fitzgerald upgraded shares of Bitdeer Technologies Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $15.00 to $18.00 in a report on Wednesday, August 5th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.82.

Bitdeer Technologies Group Price Performance

Shares of NASDAQ BTDR opened at $9.13 on Thursday. The stock’s 50-day moving average is $13.53 and its two-hundred day moving average is $12.18. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.11. Bitdeer Technologies Group has a 1-year low of $6.92 and a 1-year high of $27.80. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -2.98 and a beta of 2.50.

Bitdeer Technologies Group (NASDAQ:BTDR) last posted its quarterly earnings results on Tuesday, June 30th. The company reported ($0.37) earnings per share (EPS) for the quarter. The company had revenue of $228.78 million during the quarter. Bitdeer Technologies Group had a negative net margin of 55.15% and a negative return on equity of 54.72%. Analysts forecast that Bitdeer Technologies Group will post -1.54 EPS for the current fiscal year.

Insider Activity at Bitdeer Technologies Group

In other Bitdeer Technologies Group news, CFO Michael G. Potter bought 25,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average price of $9.04 per share, with a total value of $226,000.00. Following the transaction, the chief financial officer owned 25,000 shares of the company’s stock, valued at approximately $226,000. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Bitdeer Technologies Group

Several hedge funds have recently added to or reduced their stakes in the stock. Fund Resources Investment Holding Group Co Ltd lifted its position in shares of Bitdeer Technologies Group by 3.0% during the 1st quarter. Fund Resources Investment Holding Group Co Ltd now owns 9,440,418 shares of the company’s stock worth $81,660,000 after buying an additional 276,098 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Bitdeer Technologies Group by 67.5% in the 2nd quarter. Bank of America Corp DE now owns 6,337,339 shares of the company’s stock valued at $72,753,000 after buying an additional 2,553,093 shares in the last quarter. Situational Awareness LP grew its position in shares of Bitdeer Technologies Group by 92.4% in the 1st quarter. Situational Awareness LP now owns 3,439,450 shares of the company’s stock valued at $29,751,000 after buying an additional 1,651,450 shares during the last quarter. Value Aligned Research Advisors LLC grew its position in shares of Bitdeer Technologies Group by 137.0% in the 4th quarter. Value Aligned Research Advisors LLC now owns 3,267,614 shares of the company’s stock valued at $36,630,000 after buying an additional 1,888,825 shares during the last quarter. Finally, State Street Corp raised its stake in Bitdeer Technologies Group by 34.1% during the 4th quarter. State Street Corp now owns 3,144,782 shares of the company’s stock worth $35,253,000 after acquiring an additional 800,003 shares in the last quarter. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Bitdeer Technologies Group

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

• Positive Sentiment: CFO buys shares: Chief Financial Officer Michael Potter purchased 25,000 BTDR shares for approximately $226,000 at an average price of $9.04. The open-market purchase—his first reported position—may signal management confidence in the company’s valuation and outlook. Bitdeer Technologies Group CFO Buys $226,000 in Stock
• Positive Sentiment: AI infrastructure opportunity: Investor attention remains focused on Bitdeer’s pivot from Bitcoin mining toward AI data centers, including a reported 16-year, approximately $4.7 billion Norwegian colocation agreement for GPU operations. Successful execution could diversify revenue and support a higher valuation. Why Investors Were Cold on Bitdeer Technologies Stock This Week
• Neutral Sentiment: Institutional and analyst support remains mixed: Several major investors increased their BTDR positions, while others reduced holdings. The broader analyst consensus remains “Moderate Buy,” but price targets vary widely, reflecting uncertainty around the company’s transition and execution.
• Negative Sentiment: Quarterly results missed expectations: Bitdeer reported a loss of $0.37 per share on $228.78 million in revenue, missing second-quarter analyst estimates. The company also continues to report substantial losses, with analysts expecting a full-year loss of roughly $1.54 per share. Why Investors Were Cold on Bitdeer Technologies Stock This Week
• Negative Sentiment: Price targets were cut: Keefe, Bruyette & Woods lowered its target from $14 to $10 and assigned a “market perform” rating. B. Riley also reduced its target from $23 to $21, though it retained a “buy” rating. The reductions underscore concerns about profitability, capital needs, dilution from share issuance and convertible notes, and the pace of AI-data-center execution. Analyst price target updates

Bitdeer Technologies Group Company Profile

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.