Welcome to our dedicated page for Bitdeer Technologies Group news (Ticker: BTDR), a resource for investors and traders seeking the latest updates and insights on Bitdeer Technologies Group stock.
Overview
Bitdeer Technologies Group is a world-leading technology enterprise that specializes in digital asset mining and high-performance computing. At its core, the company develops and operates comprehensive blockchain computing solutions, integrating advanced ASIC technology with robust data center operations across multiple regions. With proprietary operations in the United States and Norway, Bitdeer has proven its capability in delivering efficient self-mining, cloud hash rate sharing, and cloud hosting services to meet diverse global demands.
Business Model and Operations
Bitdeer’s business model is built upon three principal segments: proprietary mining, cloud hash rate sharing, and cloud hosting. In its self-mining division, the company deploys its own mining machines, ensuring an integrated approach from equipment procurement right through to data center construction and operations. The cloud hash rate division allows external customers to benefit from the company’s optimized mining processes without the overhead of managing physical equipment. Furthermore, the cloud hosting segment offers sophisticated hosting solutions, utilizing advanced cooling and power management systems to support next-generation digital asset mining and high-performance computing applications.
Technology and Innovation
Central to Bitdeer’s competitive edge is its commitment to technological innovation. The company has invested significantly in research and development to create proprietary ASIC chips, positioning itself to capture a share of the multi-billion dollar ASIC market. Through initiatives such as the development of the SEALMINER series, Bitdeer is achieving remarkable improvements in power efficiency and operational performance. By employing state-of-the-art semiconductor manufacturing processes in collaboration with global foundries, the firm ensures that its ASIC designs consistently surpass industry benchmarks in efficiency and reliability. This focus on R&D not only lowers operational costs but also fortifies the company’s vertical integration strategy, delivering enhanced supply chain flexibility and rapid deployment of mining capabilities.
Data Center Infrastructure
Bitdeer’s robust data center network is a crucial element of its operational strategy. The company operates multiple proprietary mining facilities that leverage cutting-edge cooling and power management technologies. These data centers are strategically positioned in regions with favorable energy resources, such as the United States and Norway, to optimize efficiency and reduce operational risks. With a deep understanding of complex issues such as transport logistics, equipment management, and data center design, Bitdeer ensures high levels of uptime and performance, which translates into superior outcomes for both self-mining and hosted customer operations.
Market Position and Value Proposition
In the competitive landscape of digital asset mining and high-performance computing, Bitdeer stands out with its integrated approach and technological expertise. The company’s deep vertical integration—from ASIC development and design to turnkey mining operations—serves as a significant differentiator in a market characterized by complexity and rapid technological change. Bitdeer’s strategic investments in next-generation ASIC technologies and its commitment to operational excellence provide a resilient model that addresses the challenges of energy efficiency, scalability, and market volatility. This comprehensive approach supports not only its core mining business but also its expanding role in providing cloud-based computing solutions, thus supporting broader applications such as artificial intelligence and high-performance computing workloads.
Commitment to Transparency and Robust Operations
Adhering to strict industry standards and leveraging in-depth operational expertise, Bitdeer maintains transparency in its processes and performance. The company continuously reports on its operational metrics, ensuring that stakeholders have clear insights into its mining capacities, technological advancements, and data center performance. This transparency, combined with its proactive approach to innovation, underlines Bitdeer’s commitment to reliability and deep industry expertise.
Conclusion
Through its integrated business strategy, advanced technological developments, and robust operational framework, Bitdeer Technologies Group has established itself as a key player in the digital asset mining and high-performance computing sectors. The company’s focused approach on ASIC innovation, vertical integration, and strategic data center deployment underpins its long-term resilience and positions it as a significant contributor to the evolving blockchain ecosystem.
Bitdeer Technologies Group (NASDAQ: BTDR) has released its February 2025 operations update, reporting 110 self-mined bitcoins. The company's SEALMINER A1 production (3.7 EH/s) is nearly complete, with various stages of deployment underway. For SEALMINER A2, 35 EH/s production is expected by October 2025, with 0.6 EH/s ready for shipment.
Notable developments include SEAL03 sample wafers achieving 9.7 J/TH efficiency at chip level, and SEAL04 R&D progressing toward 5 J/TH efficiency. The company reported a decrease in client-hosted machines by 17,000 units (1.7 EH/s). Infrastructure expansions are ongoing in multiple locations, including Tydal, Norway (40 MW), Rockdale, Texas (100 MW), and Jigmeling, Bhutan (500 MW).
The company completed a US$9 million share repurchase and approved an additional US$20 million repurchase program through February 2026. CEO Jihan Wu has adopted a Rule 10b5-1 plan to sell up to 4 million shares based on specific price thresholds between March and June 2025.
Bitdeer Technologies Group (Nasdaq: BTDR) has announced a new US$20 million share repurchase program effective from February 28, 2025, through February 28, 2026. This announcement follows the full utilization of its previous US$10 million buyback program, under which the company repurchased shares worth approximately US$9 million on February 27, 2025.
The new program allows Bitdeer to purchase shares through various means, including open market transactions and privately negotiated deals, in compliance with federal securities laws. The repurchase timing and volume will depend on factors such as price, trading volume, market conditions, and working capital requirements. The program will be funded from existing cash reserves and can be modified, suspended, or terminated at any time by the board of directors.
Bitdeer Technologies Group (NASDAQ: BTDR) released its unaudited financial results for Q4 and full year 2024, reporting total revenue of US$69.0 million in Q4, down from US$114.8 million in Q4 2023. The company posted a net loss of US$531.9 million compared to US$5.0 million in the same period last year.
The decline in performance was attributed to strategic prioritization of resources toward developing proprietary ASIC technology, which temporarily hashrate growth. However, management emphasized this investment strengthens their competitive position for 2025 and beyond.
Bitdeer plans to increase its self-mining hashrate to approximately 40 EH/s by Q4 2025, up from the current 8.7 EH/s, by deploying SEALMINER A1s and 28 EH/s of SEALMINER A2s. The company's global power capacity now exceeds 2.6 GWs, with over 1 GW scheduled for energization in 2025.
The company's cash position stands at US$476.3 million with crypto holdings of US$77.5 million as of December 31, 2024.
Bitdeer Technologies Group (NASDAQ: BTDR) has released its January 2025 operations update, reporting 126 self-mined Bitcoins, a decrease from previous month due to temporary curtailments in Bhutan. The company's SEALMINER A1 production remains on track with 3.7 EH/s of mining rigs, while SEALMINER A2's production of 35 EH/s faces a one-month delay due to Taiwan's earthquake.
Key developments include the acquisition of a 101 MW site and gas-fired power plant project in Alberta, and successful execution of a $17M supply chain financing facility at 10.2% interest rate. The company's AI Cloud platform saw utilization drop to ~60% as focus shifts to R&D in model inference and AI Agents.
Infrastructure expansion continues across multiple sites, including Tydal, Norway (175 MW), Massillon, Ohio (221 MW), and Jigmeling, Bhutan (500 MW). Total current electrical capacity stands at 895 MW, with a pipeline capacity of 1,744 MW.
Bitdeer Technologies Group (NASDAQ: BTDR), a blockchain and high-performance computing technology company, has scheduled its fourth quarter and full year 2024 earnings conference call for February 25, 2025, at 8:00 AM EST. The company will release its preliminary and unaudited financial results before the call at approximately 7:00 AM EST.
Management will discuss the financial and operational results for the quarter and year ended December 31, 2024, followed by a Q&A session. The earnings release will be available on Bitdeer's Investor Relations website. Participants can join via webcast or phone registration, with connection recommended 5 minutes before the scheduled time.
Bitdeer Technologies Group (NASDAQ: BTDR) has acquired a 101 MW site and gas-fired power project in Alberta for $21.7 million in cash. The 19-acre site has potential to scale to 1 GW of power and includes permits for an on-site natural gas power plant and 99 MW grid interconnection approval.
The project, expected to be energized by Q4 2026, will make Bitdeer the world's first fully-vertically integrated Bitcoin miner at scale. The company plans to deploy approximately 9 EH/s of its SEALMINER A3 mining machines, featuring 11-12 J/TH efficiency. The project includes a carbon utilization system for net-zero carbon production.
Key financials: Projected energy costs of $20-25 per MWh, power plant construction cost of ~$90 million, and electrical & datacenter infrastructure at ~$30 million. Development will begin in Q2 2025.
Bitdeer (BTDR) has launched ReMine, a new peer-to-peer marketplace feature that enables users to transfer idle mining machine orders and associated rights. The platform specifically allows for the transfer of SEALMINER orders and priority purchase rights, aiming to create a transparent and efficient transfer market for mining machine buyers and sellers.
The feature is accessible through both Bitdeer's official website and mobile app, designed to streamline the process of trading mining machine-related assets and benefits. ReMine's introduction focuses on providing users with a quick and hassle-free experience to help them maximize their mining potential.
Bitdeer Technologies Group (NASDAQ: BTDR) released its December 2024 operations update, highlighting significant progress across multiple initiatives. The company self-mined 145 Bitcoins and maintained strong production targets, with 35 EH/s of SEALMINER A2s production on track through Q3 2025. Notably, ~7 EH/s of SEALMINER A2s have been pre-ordered for external sale with full down payments received.
The company's infrastructure expansion continues with 1.1 GW of new power capacity expected online in 2025. Key developments include progress in multiple locations: Tydal, Norway (40 MW expansion), Rockdale, Texas (100 MW hydro-cooling conversion), Jigmeling, Bhutan (500 MW construction), and Massillon, Ohio (221 MW facility). The company's AI cloud services maintained a ~90% utilization rate, and SEAL03 and SEAL04 development remains on schedule, targeting 10 J/TH and 5 J/TH efficiency respectively.
Bitdeer Technologies Group (NASDAQ: BTDR) released its November 2024 operations update, highlighting significant expansion plans. The company expects to achieve ~35 EH/s of SEALMINER A2 mass production through Q3 2025, up from 18 EH/s. An initial allocation of ~30,000 units (~7 EH/s) has been fully reserved by customers.
Key operational metrics include 150 self-mined Bitcoins and a total hash rate under management of 20.7 EH/s. The company closed a US$400 million convertible note offering to accelerate SEALMINER development. Infrastructure developments include 1.1 GW of new power capacity scheduled for 2025, with major projects in Norway, Texas, Ohio, and Bhutan progressing.
Bitdeer Technologies Group (BTDR) has announced the pricing of US$360.0 million in 5.25% Convertible Senior Notes due 2029. The notes will bear interest semiannually and can be converted into cash, Class A ordinary shares, or a combination of both. The initial conversion price is US$15.95 per share, representing a 42.5% premium over the last reported share price. The company plans to use the proceeds for datacenter expansion, ASIC mining rig development, and working capital. Additionally, Bitdeer has entered into a zero-strike call option transaction worth approximately US$160.0 million and concurrent note exchange transactions for existing 2029 notes.
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