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Bitdeer Technologies (BTDR)
NASDAQ:BTDR
Earnings Data
Report Date
May 18, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.36Last Year’s EPS
1.79Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
Balanced: the company delivered exceptional top-line and operational growth (large revenue increase, rapid hash rate expansion, positive adjusted EBITDA YoY, proprietary ASIC progress and a sizable 3 GW power pipeline), but this was offset by meaningful margin compression, a widening adjusted net loss, heavy operating cash outflows ($599.5M), increased depreciation from a shortened useful life assumption, seasonally higher electricity costs and project/timing risks (Clarington litigation and dependency on signed colocation contracts).Company Guidance
Rapid Self-Mining Expansion and Market Position
Self-mining revenue of $168.6M (Q4), up 306% YoY and 28.7% sequentially. Exited the year with >55 EH/s and brought an additional ~8 EH/s online in January to exit January at >63 EH/s, establishing the company among the largest publicly listed miners by hash rate under management.
Positive Adjusted EBITDA (YoY Turnaround)
Adjusted EBITDA of $31.2M in Q4 versus a negative $4.3M in Q4 2024 (YoY improvement). Despite being down sequentially from $39.6M in Q3 2025, the positive adjusted EBITDA demonstrates underlying operating scale.
Proprietary ASIC & Mining Hardware Progress
Mass production of SealMiner A3 commenced (initial shipments began in November); 8.7 EH of A3 deployed to date. SealMiner efficiencies: A2 ~15–16.5 J/TH; A3 ~12.5–14 J/TH; fleet-wide blended efficiency improved to 17.5 J/TH as of 01/31/2026. CLO4-1 chip completed (Sept) with rig mass production starting Q1 2026. SEAL-DL1 Litecoin/Doge chip taped out with initial tests showing better energy efficiency and higher fiat-per-MW returns than A2.
Large Power & Colocation Pipeline
Operational capacity >1.66 GW (online) and a 3 GW global power pipeline. Key site highlights: Teadle, Norway (225 MW, PUE ~1.1, hydropower; retrofit & lease discussions; test GPUs late 2026, production early 2027); Clarington (570 MW US site with accelerated interconnection and tenant discussions); Rockdale (563 MW mining operation with potential adjacent greenfield HPC build to add capacity).
Growing AI/HPC and GPU-as-a-Service Initiatives
Prioritizing colocation for large AI deployments while expanding GPU-as-a-service: Malaysia expansion +10–15 MW, planned +10 MW in Washington, evaluating partial Knoxville conversion. Management emphasizes contract-backed deployments (no large speculative builds).
Successful Access to Financing
Net cash generated from financing of $454.5M in the quarter (including $388.5M from convertible senior notes and $141.5M from ATM/ELOC sales). Liquidity position includes $149.4M cash, $83.1M cryptocurrencies (held at cost less impairment) and $135.6M cryptocurrency receivables (fair value).
Strong Revenue Growth
Total Q4 revenue of $224.8M, up 225.8% year-over-year and up 32.5% sequentially, driven largely by expanded self-mining activity and SealMiner sales.
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
BTDR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $11.99 | $10.37 | -13.51% |
Nov 10, 2025 | $21.99 | $17.65 | -19.74% |
Aug 18, 2025 | $13.39 | $14.36 | +7.24% |
May 15, 2025 | $14.09 | $13.73 | -2.56% |
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.
FAQ
When does Bitdeer Technologies (BTDR) report earnings?
Bitdeer Technologies (BTDR) is schdueled to report earning on May 18, 2026, After Close (Confirmed).
What is Bitdeer Technologies (BTDR) earnings time?
Bitdeer Technologies (BTDR) earnings time is at May 18, 2026, After Close (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?
BTDR EPS forecast for the fiscal quarter 2026 (Q1) is -0.36.