Bitdeer Technologies Group
Description
Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account. The company also operates mining datacenters to generate hash rate; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining machines. The company is headquartered in Singapore.
About
CEO
Mr. Jihan Wu
Employees
211
Instrument type
Common Stock
Sector
Technology
Industry
Software - Application
MIC code
XNCM
Address
#09-03/04, Aperia tower 1, Singapore, 339509, Singapore
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Oscillators
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 18, 2024 | -0.10 | -0.35 | -0.25 | 250.00% |
| Aug 12, 2024 | — | -0.14 | — | — |
| May 13, 2024 | 0.12 | 0.01 | -0.11 | -91.67% |
| Mar 29, 2024 | 0.01 | -0.05 | -0.06 | -600.00% |
| Nov 13, 2023 | -0.04 | -0.02 | 0.02 | -50.00% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 6 | — | 6 |
| Average estimate | — | -0.05 | — | 0.31 |
| Low estimate | — | -0.20 | — | -0.33 |
| High estimate | — | 0.01 | — | 0.81 |
| Last year EPS | — | 0.07 | — | -0.31 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-237.500%
Next qtr. (Mar 2025)
-162.670%
Current year
38.820%
Next year (Dec 2025)
198.820%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | |
|---|---|
| Fiscal date | 2023-12-31 |
| Total reported revenue | 368.55M |
| Cost of revenue | 290.75M |
| Gross profit | 77.81M |
| Operating expense | |
| Research & development | 29.53M |
| Selling general and admin | 74.70M |
| Other operating expenses | 29.80M |
| Operating income | -56.22M |
| Non operating interest income | |
| Income | 7.95M |
| Expense | 5.08M |
| Other income expense | 2.96M |
| Pretax income | -50.97M |
| Tax provision | 5.69M |
| Net income | -56.66M |
| Basic EPS | -0.51 |
| Diluted EPS | -0.51 |
| Basic average shares | 110.49M |
| Diluted average shares | 110.49M |
| EBITDA | 26.18M |
| Net income from continuing op. | -56.66M |
| Minority interests | — |
| Preferred stock dividends | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 639.39M | 651.41M | 646.97M | 853.30M |
| Current assets | ||||
| Cash | 144.73M | 231.36M | 372.09M | 44.75M |
| Cash equivalents | — | — | — | — |
| Cash and cash equivalents | 144.73M | 231.36M | 372.09M | 44.75M |
| Other short term investments | — | — | — | — |
| Accounts receivable | 17.46M | 18.38M | 8.65M | 2.04M |
| Other receivables | — | 2.55M | 10.20M | 441.12M |
| Inventory | — | — | — | — |
| Prepaid assets | 89.54M | 54.70M | 21.12M | 11.95M |
| Restricted cash | 9.54M | 11.49M | 10.31M | 7.34M |
| Assets held for sale | — | — | — | — |
| Hedging assets | — | — | — | — |
| Other current assets | — | — | — | — |
| Non current assets | ||||
| Properties | 26.87M | 19.05M | 8.86M | 4.04M |
| Land and improvements | 2.06M | 484,000 | 484,000 | 484,000 |
| Machinery furniture equipment | 217.25M | 155.08M | 138.87M | 138.39M |
| Construction in progress | 30.10M | 16.51M | 33.59M | 3.37M |
| Leases | 176.43M | 164.60M | 107.37M | 47.09M |
| Accumulated depreciation | -203.11M | -152.75M | -104.59M | -80.82M |
| Goodwill | 4.78M | 322,000 | 115,000 | 9.60M |
| Investment properties | 34.35M | 35.54M | — | — |
| Financial assets | — | — | — | — |
| Intangible assets | — | 322,000 | 115,000 | 9.60M |
| Investments and advances | 37.78M | 60.96M | 1.25M | 55,000 |
| Other non current assets | 20.83M | 8.61M | 13.36M | 31.01M |
| Total liabilities | 306.82M | 333.07M | 358.90M | 707.40M |
| Current liabilities | ||||
| Accounts payable | 32.48M | 15.77M | 17.74M | 3.06M |
| Accrued expenses | 9.73M | 5.54M | 2.11M | 1.06M |
| Short term debt | — | — | — | — |
| Deferred revenue | 144.34M | 182.30M | 213.45M | 11.55M |
| Tax payable | 13.32M | 9.59M | 18.64M | 5.38M |
| Pensions | — | — | — | — |
| Other current liabilities | — | — | — | — |
| Non current liabilities | ||||
| Long term debt | 92.83M | 100.23M | 92.43M | 22.83M |
| Provision for risks and charges | — | — | — | — |
| Deferred liabilities | 1.62M | 11.63M | 7.55M | — |
| Derivative product liabilities | — | — | — | — |
| Other non current liabilities | — | — | — | — |
| Shareholders equity | ||||
| Common stock | — | — | 1,000 | 145.90M |
| Retained earnings | -49.85M | 6.80M | 67.17M | — |
| Other shareholders equity | 385.02M | 311.54M | 220.91M | — |
| Total shareholders equity | 332.57M | 318.34M | 288.08M | 145.90M |
| Additional paid in capital | — | — | — | — |
| Treasury stock | 2.60M | — | — | — |
| Minority interest | — | — | — | — |
Cash flow statement
| 2023 | |
|---|---|
| Operating Activities | |
| Net Income | -56.66M |
| Depreciation | 75.54M |
| Deferred Taxes | 5.69M |
| Stock-Based Compensation | 45.49M |
| Other Non-Cash Items | -311.97M |
| Accounts Receivable | 270,000 |
| Accounts Payable | 13.60M |
| Other Assets & Liabilities | 5.50M |
| Operating Cash Flow | -222.54M |
| Investing Activities | |
| Capital Expenditures | -126.25M |
| Net Intangibles | 299.13M |
| Net Acquisitions | — |
| Purchase of Investments | -4.40M |
| Sale of Investments | 31.11M |
| Investing Cash Flow | -99.27M |
| Financing Activities | |
| Long-Term Debt Issuance | — |
| Long-Term Debt Payments | -12.19M |
| Other Financing Charges | -8.60M |
| Financing Cash Flow | -13.91M |
| Other Cash Details | |
| End Cash Position | 144.73M |
| Income Tax Paid | — |
| Interest Paid | — |
| Free Cash Flow | -398.13M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Amplify Transformational Data Sharing ETF | Sep 30, 2024 | 1,294,839 | 21.04M | 1.16% |
| Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF | Sep 30, 2024 | 590,400 | 9.59M | 0.53% |
| Fidelity Crypto Industry and Digital Payment ETF | Nov 30, 2024 | 370,542 | 6.02M | 0.33% |
| Exchange Traded Concepts Tr-Bitwise Crypto Industry Innovators ETF | Sep 30, 2024 | 323,915 | 5.26M | 0.29% |
| Schwab Strategic Tr-Schwab Crypto Thematic ETF | Sep 30, 2024 | 246,834 | 4.01M | 0.22% |
| iShares Core MSCI EAFE ETF | Nov 30, 2024 | 225,075 | 3.66M | 0.20% |
| iShares MSCI EAFE Small Cap ETF | Nov 30, 2024 | 119,881 | 1.95M | 0.11% |
| First Trust SkyBridge Crypto Industry and Digital Economy ETF | Nov 30, 2024 | 84,167 | 1.37M | 0.08% |
| Fidelity NASDAQ Composite Index Fund | Nov 30, 2024 | 39,508 | 642,005 | 0.04% |
| iShares Blockchain and Tech ETF | Nov 30, 2024 | 36,539 | 593,758 | 0.03% |
Article
Bitdeer Announces Strategic Acquisition of 101 MW Site and Gas-fired Power Project in Alberta to Deliver the Industry's First Fully-Vertically Integrated Bitcoin Mining Site
SINGAPORE, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for blockchain and high-performance computing, today announced the successful close of the acquisition of a fully licensed and permitted 101 MW site and gas-fired power project situated on 19 acres of land near Fox Creek, Alberta in an all-cash transaction for $21.7 million. The site has potential to scale to 1 GW of power, reflecting Alberta's abundant energy resources, supportive regulatory posture and pro-business environment.
Feb 4, 2025
Video
Bitcoin miners try to rebound from choppy market
CNBC's Tanaya Macheel joins 'Closing Bell' to discuss the mixed recovery for bitcoin miners.
Jan 28, 2025
Article
Bitdeer Introducing ReMine: A New Feature for Transferring Idle Mining Machine Orders and Related Rights and Benefits
New York, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Bitdeer launches its new feature, "ReMine," which offers a transparent transfer market for Bitdeer mining machine buyers and sellers. "ReMine" uses a peer-to-peer model crafted to meet users' needs for purchasing and transferring mining machines and related rights and benefits provided by Bitdeer. It enables flexible transfer of SEALMINER orders, SEALMINER priority purchase rights, and relevant rights and benefits. ReMine aims to provide users with a quick and hassle-free platform so that users can focus on what really matters: maximizing their mining potential.
Jan 16, 2025
