
BTDR Stock Forecast & Price Target
BTDR Analyst Ratings
Bulls say
Bitdeer Technologies Group's strategic plan aims to increase its self-mining hash rate from 8.7 EH/s to approximately 40 EH/s by the end of 2025, significantly enhancing its operational capacity and energy efficiency through the deployment of its SEALMINER A1 and A2 rigs. The company has seen positive momentum, evidenced by a rise in Bitcoin holdings from 724 to 1,039 Bitcoins within a month, reflecting its robust mining capabilities. Furthermore, the strong demand for its hardware, highlighted by a 6x oversubscription for third-party sales, indicates a solid market interest, while management's focus on maximizing its BTC capacity suggests potential for increased revenue streams in the future.
Bears say
Bitdeer Technologies Group's stock has been under significant pressure, culminating in a one-day decline of over 28% amid a wider downturn in crypto-related stocks. The company's fourth-quarter revenue was approximately 10% lower, as a notable increase in self-mining revenue, driven by higher Bitcoin prices, was more than offset by a 42% decrease in aggregate hosting revenue, which was affected by the timing of hash rate additions. Furthermore, Bitdeer’s reliance on multi-year contracts may restrict its flexibility to pivot towards more profitable self-mining operations, potentially causing the company to cede market share to competitors during favorable market conditions.
This aggregate rating is based on analysts' research of Bitdeer Technologies Group and is not a guaranteed prediction by Public.com or investment advice.
BTDR Analyst Forecast & Price Prediction
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