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Bitdeer Technologies Group (BTDR)
:BTDR
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Earnings Data
Report Date
Apr 16, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 15, 2023
|% Change Since: 94.23%
|Next Earnings Date:Apr 19, 2023
Earnings Call Sentiment|Negative
The earnings call highlighted significant strides in product development and strategic expansions, particularly in the ASIC and AI cloud business. However, these positive developments were overshadowed by reduced revenue, operating losses, and project delays, indicating a challenging financial quarter.Company Guidance
In the Bitdeer Q3 2024 earnings call, the company reported a total revenue of $62 million, with gross profit at $2.8 million and an adjusted EBITDA of negative $8.5 million. The financial performance was adversely impacted by the 2024 Bitcoin halving, a higher global network cash rate, reduced hosting and cloud mining revenues, and increased R&D expenses, notably the one-off development cost of the SEAL02 chip. Despite these challenges, Bitdeer highlighted its strategic focus on developing proprietary ASIC technology and expanding its energy infrastructure. The company reported a mass production commencement for its SEALMINER A2 rigs, with planned installations to reach 3.7 exahash by Q1 2025, and an expected production capability of 18 exahash per second. Additionally, Bitdeer is prioritizing the expansion of its AI cloud business and leveraging its global power capacity of 2.5 gigawatts for HPC and AI data centers, with ongoing infrastructure expansions across several global sites.Expansion of SEALMINER ASIC Product
Bitdeer has initiated mass production of its SEALMINER A2 mining rigs, with expected deliveries starting in Q1 2025. This includes both air-cooled and hydro-cooled models with efficiencies of 16.5 joules per terahash. The commercial sale of these products marks a significant milestone for the company.
AI Cloud Business Growth
The NVIDIA DGX SuperPOD system in Singapore achieved around 98% utilization in September, establishing Bitdeer as a leading provider of advanced AI computing solutions in Asia.
Strong Financial Position
Bitdeer ended the quarter with $291.3 million in cash and cash equivalents, $39.7 million in cryptocurrencies, and $92.7 million in borrowing, positioning the company well for future investments.
Strategic Energy Capacity Expansion
Bitdeer is progressing with the build-out of additional 1.6 gigawatt electrical capacity and infrastructure, with multiple global sites under development, including Tydal, Norway and Rockdale, Texas.
Increased Self-Mining Revenue
Self-mining revenue increased by 4.7% to $31.5 million due to an increase in average self-mining hashrate and higher Bitcoin prices.
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BTDR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BTDR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 18, 2024 | $11.09 | $11.85 | +6.85% |
| Aug 12, 2024 | $7.89 | $7.61 | -3.55% |
| May 13, 2024 | $5.50 | $5.45 | -0.91% |
| Mar 28, 2024 | $7.02 | $6.96 | -0.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bitdeer Technologies Group (BTDR) report earnings?
Bitdeer Technologies Group (BTDR) is schdueled to report earning on Apr 16, 2025, TBA Not Confirmed.
What is Bitdeer Technologies Group (BTDR) earnings time?
Bitdeer Technologies Group (BTDR) earnings time is at Apr 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BTDR EPS forecast?
Currently, no data Available
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