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Bitdeer Technologies ( (BTDR) ) just unveiled an update.
On June 25, 2025, Bitdeer Technologies Group successfully closed a private placement, raising an additional $45 million through the issuance of 4.875% Convertible Senior Notes due 2031. This follows the full exercise of an option by initial purchasers, bringing the total gross proceeds from the notes offering to $375 million, which is expected to bolster the company’s financial position and enhance its operational capabilities.
The most recent analyst rating on (BTDR) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on Bitdeer Technologies stock, see the BTDR Stock Forecast page.
Spark’s Take on BTDR Stock
According to Spark, TipRanks’ AI Analyst, BTDR is a Neutral.
Bitdeer’s overall stock score is driven by significant financial challenges and valuation concerns, partially offset by strategic technology advancements and geographic diversification. The company’s ability to address its negative profitability and declining revenues remains crucial for future performance.
To see Spark’s full report on BTDR stock, click here.
More about Bitdeer Technologies
Bitdeer Technologies Group operates in the technology sector, focusing on cryptocurrency mining and blockchain technology solutions. The company provides services related to digital asset management and mining infrastructure, catering to a global market with a focus on innovative financial solutions.
Average Trading Volume: 5,026,382
Technical Sentiment Signal: Buy
Current Market Cap: $2.18B
For an in-depth examination of BTDR stock, go to TipRanks’ Overview page.