Bitdeer Technologies Group (NASDAQ:BTDR) Sees Strong Trading Volume – What’s Next?

Bitdeer Technologies Group (NASDAQ:BTDR) saw an uptick in trading volume on Friday . 7,662,599 shares traded hands during mid-day trading, an increase of 8% from the previous session’s volume of 7,116,931 shares.The stock last traded at $8.0690 and had previously closed at $7.94.

Key Bitdeer Technologies Group News

Here are the key news stories impacting Bitdeer Technologies Group this week:

• Positive Sentiment: Upsized convertible notes show investor demand and provide substantial capital for growth and liability management. The $325M 5.00% convertible notes (with option to upsell an additional amount) are expected to net ~ $315M to fund capped calls, repurchase 2029 notes and datacenter / AI expansion. Bitdeer Announces Pricing of Upsized US$325.0 Million Convertible Senior Notes Offering
• Positive Sentiment: Registered direct offering priced at $7.94 will raise ~ $43.5M net and is explicitly tied to note repurchases and growth projects; management is using proceeds to reduce legacy 2029 note exposure and to fund AI/mining expansion. Bitdeer Announces Pricing of Registered Direct Offering of 5,503,030 Class A Ordinary Shares
• Neutral Sentiment: Hedging and capped‑call mechanics: the notes include capped call protection (initial cap ~$15.88) and an initial conversion price (~$9.93), which can limit long‑term dilution but introduce derivative/hedge flows that may create short‑term volatility. Convertible Notes Offering Details
• Negative Sentiment: Immediate market reaction was negative: multiple outlets reported a sharp share decline (~17%) after the initial convertible notes announcement, with heavy trading — a sign investors are worried about dilution and debt reliance. Bitdeer Shares Drop 17% as $300M Convertible Notes Raise Concerns
• Negative Sentiment: Equity placement price of $7.94 is below recent moving averages and may be seen as a depressed valuation; issuance to holders of the 2029 notes and the need to repurchase legacy debt signals ongoing reliance on capital markets and creates execution risk because closings are interdependent. Quiver: Registered Direct Offering Priced at $7.94
• Negative Sentiment: Large hedged holders and option counterparties may buy/sell shares and unwind hedges around settlement, which could add selling pressure or create short‑term price swings; short‑interest reporting in the filings is anomalous (zeros/NaN) and increases uncertainty for traders.

Analysts Set New Price Targets

BTDR has been the subject of a number of recent analyst reports. UBS Group reissued a “buy” rating on shares of Bitdeer Technologies Group in a research report on Thursday, February 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $14.00 target price (down previously from $26.50) on shares of Bitdeer Technologies Group in a research note on Tuesday, January 27th. BTIG Research reiterated a “buy” rating on shares of Bitdeer Technologies Group in a research report on Friday, January 16th. Needham & Company LLC decreased their price objective on shares of Bitdeer Technologies Group from $30.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Cantor Fitzgerald lowered their price objective on shares of Bitdeer Technologies Group to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, December 16th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.60.

Bitdeer Technologies Group Trading Down 2.0%

The company has a debt-to-equity ratio of 0.28, a current ratio of 0.91 and a quick ratio of 0.75. The firm has a market cap of $1.65 billion, a PE ratio of -2.48 and a beta of 2.33. The company’s 50 day moving average price is $11.99 and its 200 day moving average price is $14.63.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.59). The business had revenue of $224.84 million during the quarter, compared to analysts’ expectations of $208.25 million. Bitdeer Technologies Group had a net margin of 10.58% and a return on equity of 8.92%. Bitdeer Technologies Group’s revenue was up 225.8% on a year-over-year basis. As a group, analysts forecast that Bitdeer Technologies Group will post -0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Bitdeer Technologies Group

Large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its stake in shares of Bitdeer Technologies Group by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 2,570 shares of the company’s stock worth $30,000 after buying an additional 1,044 shares during the period. Empowered Funds LLC acquired a new position in Bitdeer Technologies Group during the 4th quarter worth approximately $34,000. Amalgamated Bank purchased a new stake in shares of Bitdeer Technologies Group in the 2nd quarter valued at approximately $35,000. Kestra Advisory Services LLC acquired a new stake in shares of Bitdeer Technologies Group in the 4th quarter valued at $39,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Bitdeer Technologies Group by 7,157.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock valued at $83,000 after purchasing an additional 7,157 shares in the last quarter. Hedge funds and other institutional investors own 22.25% of the company’s stock.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.