Why Investors Were Cold on Bitdeer Technologies Stock This Week
Written by Eric Volkman for The Motley Fool -> It missed second-quarter analyst estimates, but not significantly. Both developments came shortly after it announced a roughly $4.7 billion long-term …
It missed second-quarter analyst estimates, but not significantly.
Both developments came shortly after it announced a roughly $4.7 billion long-term contract with a tenant.
Bitdeer Technologies Group (NASDAQ: BTDR) , one of a clutch of cryptocurrency mining companies attempting to lean into its data center operations business, reported earnings earlier this week. The company missed analyst estimates on both the top and bottom lines; what's more, it announced a potentially huge secondary share issue.
Neither of these developments did the stock any favors. It was down by almost 20% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence .
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
On Monday, Bitdeer both published its second-quarter figures and announced that aim to raise equity.
As for the quarter, Bitdeer's revenue came in at just under $229 million, well up from the year-ago period's under $156 million. The company's headline net loss, however, deepened to over $92 million, or $0.37 per share. The second quarter 2025 deficit was nearly $63 million.
Analysts tracking the stock were modeling revenue of slightly above $231 million and a net loss per share of $0.32.
Read Full Story at Nasdaq News →
