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BT

Bitdeer Technologies Group

BTDRTechnologyNASDAQ

Software - Application

PriceMA150MA200
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Financials · Annual
Revenue
$620.3M
+77.3% YoY
Net Income
$65.6M
+110.9% YoY
EBITDA
$338.3M
+167.3% YoY
Free Cash Flow
-$736.1M

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About Bitdeer Technologies Group

Headquartered within the technology sector, Bitdeer Technologies Group focuses on Software - Application services and products. Bitdeer Technologies Group operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, Norway, Finland, Ethiopia, and internationally. The company carries a $4.26B market cap, placing it firmly in the mid-cap category. The company offers hash rate sharing solutions, including cloud hash rate and hash-rate subscription plans; and a one-stop mining rig hosting solution comprising deployment, maintenance, and management services for cryptocurrency mining; as well as mining cryptocurrencies for its own account.

Key stats
Market Cap$4.26B
Fwd P/E-86.02
EPS$-1.64
Beta2.32
52W Change+37.1%
ROE-26.1%
Analysis

The company holds $265.5M in cash, though total debt stands at $2.03B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$736.1M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -26.1% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 6.2% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $333.3M (2022) to $620.3M (2025), reflecting a 86% increase over the period.

With a beta above 1.5, BTDR tends to amplify broader market moves — both up and down. This higher volatility means larger price swings are common. Bitdeer Technologies Group carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing BTDR's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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