GICS Sector : Technology
Bitdeer Technologies Group operates as a technology company for the cryptocurrency mining community.It mines cryptocurrencies for its own account and serve the cryptocurrency mining community by providing cryptocurrency mining solution.The company handles various processes involved in mining, such as miner procurement, transport logistics, mining datacenter design and construction, mining machine management, and daily operations.
Bitdeer Technologies Group reported a total revenue of $225 million for Q4 2025, representing a 226% year-over-year increase and a 33% sequential rise. However, the company's gross profit was $10.6 million, and adjusted EBITDA was $31.2 million, down sequentially due to lower average Bitcoin pricing, higher electricity costs, and increased depreciation expense. The company's net loss was $82.6 million, with an EPS of -$0.73, missing estimates of -$0.14. The adjusted EBITDA was $31.2 million, with a net cash used for operating activities of $599.5 million.
Publication Date: Feb -22
The company's power and infrastructure portfolio made significant progress during the quarter, with over 1.66 gigawatts of capacity online and a total global power pipeline of three gigawatts. Bitdeer prioritizes colocation services in Norway and the United States, suitable for large-scale AI HPC deployments. The company's self-mining platform also expanded, with over 55 exahash per second of self-mining hash rate as of the end of 2025.
Bitdeer is optimistic about its growth prospects, driven by its differentiated asset base and proven team. The company is in active discussions with several potential counterparties for colocation deals and expects to continue hiring throughout the year. Analysts estimate the company's revenue growth at 41.8% for the next year.
Bitdeer's current valuation metrics indicate a mixed picture. The company's P/S Ratio is 2.57, while its EV/EBITDA is 43.81, indicating a relatively high valuation. The ROE is 8.92%, and the ROIC is 16.82%. The Net Debt / EBITDA is 17.07, which may raise concerns about the company's leverage. As Haris Basit, the company's representative, expressed excitement about the future and commitment to delivering long-term value for shareholders.
The company faces challenges, including litigation related to the Clarington site and uncertainty around wafer allocation. However, Bitdeer is exploring solutions to mitigate these risks and is prioritizing its manufacturing capacity for internal use.
Bitdeer enters 2026 with strong operational momentum, driven by its self-mining platform and colocation services. The company's focus on AI HPC deployments and GPU rental is expected to drive growth, with a significant advantage in the US market due to its data centers. The US AI cloud expansion is dependent on securing multiyear reserve capacity agreements, primarily for bare metal deployments.
Bitdeer Technologies Group Target of Unusually Large Options Trading (NASDAQ:BTDR)
Mar -05
Bitdeer Technologies Group (NASDAQ:BTDR) Sees Strong Trading Volume – What’s Next?
Feb -22
Bitdeer Announces Pricing of Registered Direct Offering of 5,503,030 Class A Ordinary Shares
Feb -20
Bitdeer Announces Proposed Private Placement of US$300.0 Million of Convertible Senior Notes
Feb -19
BITDEER TEC GRP (BTDR) Reports Q4 Earnings: What Key Metrics Have to Say
Feb -12
Bitdeer Technologies Group (BTDR) Reports Q4 Loss, Beats Revenue Estimates
Feb -12
Are Business Services Stocks Lagging BITDEER TEC GRP (BTDR) This Year?
Feb -11
Bitdeer Announces January 2026 Production and Operations Update
Feb -10
Bitdeer Technologies Group's 15% self-mining growth driven by increasing demand for cryptocurrency, strategic partnerships, and expansion into new markets. Additionally, the company's focus on renewable energy sources and cost-effective mining operations contribute to its growth. Furthermore, the rise of decentralized finance (DeFi) and institutional investment in cryptocurrency also support the growth of self-mining.
Bitdeer Technologies Group's General Hosting segment growth is driven by increasing demand for cryptocurrency mining, strategic partnerships, and expansion into new markets. The company's focus on providing low-cost, high-performance hosting solutions has attracted a large customer base, contributing to its 14% growth rate.
Bitdeer Technologies Group's 13% growth in Membership Hosting is driven by increasing demand for cloud-based infrastructure, rising adoption of cryptocurrency mining, and strategic partnerships. Additionally, the company's focus on providing scalable and secure hosting solutions, coupled with its competitive pricing strategy, has attracted a growing customer base.
The 12% growth of Hash Rate Subscription from Bitdeer Technologies Group is driven by increasing demand for cryptocurrency mining, advancements in mining technology, and strategic partnerships. Additionally, the company's scalable business model, cost-effective solutions, and strong brand reputation contribute to its rapid expansion in the market.
Bitdeer Technologies Group's 11% growth in electricity subscription is driven by increasing adoption of cryptocurrency mining, rising demand for cloud-based mining services, and strategic partnerships with key industry players. Additionally, the company's focus on renewable energy sources and cost-effective solutions has attracted environmentally conscious and budget-sensitive customers, further fueling growth.
Bitdeer Technologies Group's growth is driven by increasing demand for cryptocurrency mining, strategic partnerships, and expansion into new markets. Additionally, the company's focus on research and development, cost-effective operations, and strong management team contribute to its rapid growth.
Bitdeer Technologies Group's 9% growth in Cloud Hosting Arrangements is driven by increasing demand for scalable infrastructure, rising adoption of cloud computing, and growing need for data storage and management. Additionally, the company's strategic partnerships, competitive pricing, and enhanced security features contribute to its market share expansion.
Increasing adoption of cryptocurrency mining, growing demand for cloud-based mining services, strategic partnerships, and expansion into new markets drive Bitdeer Technologies Group's 8% growth in Cloud Hash Rate Arrangements. Additionally, the company's focus on providing low-cost, high-efficiency mining solutions and its strong brand reputation contribute to its rapid growth.
Bitdeer Technologies Group's 7% growth in Mining Machines is driven by increasing demand for cryptocurrency mining, advancements in AI-powered mining algorithms, and strategic partnerships with leading mining pools. Additionally, the company's focus on energy-efficient and environmentally friendly mining solutions resonates with the growing ESG concerns in the industry.
A large-scale cryptocurrency mining datacenter that provides a reliable and efficient mining solution for cryptocurrency miners.
A cloud-based mining platform that allows users to remotely monitor and manage their mining operations in real-time.
A mining pool service that allows miners to pool their resources and increase their chances of solving complex mathematical equations and earning cryptocurrency rewards.
A range of cryptocurrency mining hardware solutions, including ASIC miners and GPU miners, designed for optimal mining performance.
A digital asset management platform that allows users to buy, sell, and manage their digital assets, including cryptocurrencies and tokens.
A range of blockchain consulting services, including blockchain development, smart contract development, and blockchain strategy consulting.
The threat of substitutes for Bitdeer Technologies Group is moderate, as there are some alternatives available in the market, but they are not very attractive to customers.
The bargaining power of customers for Bitdeer Technologies Group is low, as customers have limited options and the company has a strong brand presence.
The bargaining power of suppliers for Bitdeer Technologies Group is moderate, as the company has a diverse supplier base, but some suppliers have significant bargaining power.
The threat of new entrants for Bitdeer Technologies Group is high, as the industry has low barriers to entry and new companies can easily enter the market.
The intensity of rivalry for Bitdeer Technologies Group is high, as the industry is highly competitive and companies are constantly competing for market share.
| Value | |
|---|---|
| Debt Weight | 7.74% |
| Debt Cost | 4.92% |
| Equity Weight | 92.26% |
| Equity Cost | 12.88% |
| WACC | 12.26% |
| Leverage | 8.39% |
Value: 1.7
Growth: 7.3
Quality: 8.4
Yield: 5.8
Momentum: 6.0
Volatility: 8.3
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Value: 8.4
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Value: 6.7
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Value: 1.9
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Volatility: 4.0
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