Bitdeer Technologies Group Stock Price, News & Analysis

Bitdeer Technologies Group (Nasdaq: BTDR), a Bitcoin mining technology company, has announced a cleanup redemption of its outstanding 8.50% convertible senior notes due 2029. The company will redeem the remaining $7.7 million in aggregate principal amount on September 23, 2025.

Noteholders can convert their notes until September 19, 2025 at a conversion rate of 127.9743 Class A ordinary shares per $1,000 principal amount. This rate includes an increased conversion rate of 10.9536 shares due to the cleanup redemption call. Bitdeer will settle conversions with Class A ordinary shares and cash for fractional shares.

Bitdeer Technologies Group (NASDAQ: BTDR) reported Q2 2025 financial results with revenue of $155.6 million, up 56.8% year-over-year and 121.9% sequentially. The company generated $69.5 million from SEALMINER A2 sales and is on track to achieve 40 EH/s of self-mining by October.

Q2 performance showed mixed results with increased revenue but wider losses. The company reported a net loss of $147.7 million compared to $17.7 million in Q2 2024, while Adjusted EBITDA was $17.3 million. Bitdeer maintains strong liquidity with $299.8 million in cash and $169.3 million in crypto assets.

The company is advancing its infrastructure development with 1.3 GW of total available electrical capacity and expects to exceed 1.6 GW by year-end. Notably, Bitdeer has entered advanced negotiations regarding its Clarington, Ohio site for HPC/AI development.

[ "Revenue increased 56.8% YoY and 121.9% QoQ to $155.6 million", "Strong SEALMINER A2 sales contributing $69.5 million in revenue", "Self-mining hashrate increased 103.3% YoY to 14.2 EH/s", "Robust liquidity with $299.8 million cash and $169.3 million in crypto assets", "Electrical capacity expanded to 1.3 GW with pipeline to reach 2.69 GW", "Advanced development of SEALMINER A4 with targeted 5 J/TH chip efficiency" ]

Bitdeer Technologies (NASDAQ: BTDR) reported significant growth in its July 2025 operations. The company increased its self-mining hashrate by 35% to 22.3 EH/s and mined 282 Bitcoins, a 39% increase from June. Key infrastructure developments include the completion of a 100 MW hydro-cooling conversion in Rockdale, Texas, and the energization of 159 MW in Bhutan and Norway, bringing total electrical capacity to 1,257 MW globally.

The company's SEALMINER manufacturing program continues to advance, with 21.2 EH/s of A2 miners produced, including 5.9 EH/s shipped to external customers and 10.2 EH/s deployed for self-mining. The upcoming SEALMINER A3 is preparing for mass production, while the A4 is targeting 5 J/TH chip efficiency. Additionally, Bitdeer's HPC/AI division reports strong utilization of its NVIDIA DGX SuperPOD services.

Bitdeer Technologies Group (NASDAQ: BTDR), a leading Bitcoin mining technology company, has scheduled its Q2 2025 earnings conference call for August 18, 2025, at 8:00 AM EST. The company will release its financial results for the quarter ended June 30, 2025, at approximately 7:00 AM EST before the call.

The earnings conference call will include a management discussion of unaudited financial and operational results, followed by a Q&A session. Participants can join via webcast or phone registration, with connection recommended 5 minutes before the scheduled time. The call will also be archived on Bitdeer's investor relations website.

Bitdeer Technologies Group (NASDAQ: BTDR), a leading Bitcoin mining technology company, reported significant operational progress in June 2025. The company increased its self-mining hashrate by 21% to 16.5 EH/s and mined 203 Bitcoins, up 4% from May. Notably, Bitdeer joined the Russell 2000® and 3000® Indexes and successfully closed a $375 million convertible notes offering.

The company's SEALMINER series showed strong progress, with 14.9 EH/s of A2 mining rigs manufactured, including 5.3 EH/s shipped to external customers. Infrastructure expansion continues across multiple sites, with 1,098 MW total electrical capacity online and 1,592 MW in pipeline. Key developments include the Jigmeling, Bhutan facility with 132 MW online and remaining 368 MW expected by Q3 2025.

Bitdeer Technologies Group (BTDR) has priced an upsized US$330.0 million offering of 4.875% Convertible Senior Notes due 2031, with an additional US$45.0 million option granted to initial purchasers. The notes will convert at an initial rate of 62.9921 Class A ordinary shares per US$1,000 principal amount, equivalent to US$15.88 per share, representing a 25% premium over the last reported share price. The company expects net proceeds of US$319.6 million, allocating US$129.6 million for a zero-strike call option transaction, US$36.1 million for concurrent note exchange transactions, and the remainder for datacenter expansion, ASIC mining rig development, and working capital. The offering includes various redemption and repurchase provisions, with notes bearing 4.875% annual interest payable semiannually.

Bitdeer Technologies Group (BTDR) announced a private placement offering of US$300.0 million in Convertible Senior Notes due 2031, with an additional US$45.0 million option for initial purchasers. The notes will be senior unsecured obligations with semiannual interest payments, convertible into cash, Class A ordinary shares, or a combination thereof. The company plans to use proceeds for datacenter expansion, ASIC mining rig development, and working capital. Concurrent with the offering, Bitdeer will enter into a zero-strike call option transaction to facilitate hedging for note investors and conduct exchange transactions for its existing 8.50% August 2029 convertible notes. These transactions may significantly impact the market price of Bitdeer's Class A ordinary shares and the new notes.

Bitdeer Technologies Group reported significant growth in its May 2025 operations. The company increased its self-mining hashrate to 13.6 EH/s and mined 196 Bitcoins, an 18.1% increase from April. SEALMINER manufacturing showed strong progress with 9.0 EH/s of A2 units produced, of which 2.9 EH/s were shipped to external customers. The company is expanding globally with multiple infrastructure projects, including sites in Norway, Ohio, Bhutan, and Ethiopia. Notably, Tether exercised warrants resulting in a $50 million cash injection. Bitdeer is on track to achieve over 40 EH/s of self-mining capacity by October 2025. The company also launched AI Cloud services with multiple LLMs and is exploring HPC/AI opportunities. Total hash rate under management reached 27.4 EH/s, with 189,000 mining rigs under management and 1,351 Bitcoins held.

Bitdeer Technologies Group (NASDAQ: BTDR) reported its Q1 2025 financial results, showing significant challenges post-Bitcoin halving. The company's total revenue declined to $70.1M from $119.5M year-over-year, with a gross loss of $3.2M compared to a $34.1M profit in Q1 2024. Despite operational challenges, Bitdeer reported a net income of $409.5M, primarily due to non-cash fair value changes of derivative liabilities. The company's operational metrics show a total hash rate of 24.2 EH/s, with plans to reach 40 EH/s by October 2025. Bitdeer is advancing its SEALMINER roadmap, with 3.7 EH/s of A1 and 0.5 EH/s of A2 models energized. The company maintains $215.6M in cash and $131.1M in crypto assets, while expanding its power infrastructure to reach 1.6 GW capacity by Q2 2025.