Bitdeer Technologies (BTDR)
NASDAQ:BTDR
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Earnings Data
Report Date
Aug 07, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.34Last Year’s EPS
-0.76Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed significant operational momentum and strategic progress across multiple fronts — substantial YoY revenue growth (~170%), dramatic expansion of mining capacity and production (hash rate and BTC mined), launch of the efficient SEALMINER A4 family, fast‑growing AI cloud ARR and utilization, a large 3 GW power pipeline, and a successful $375M financing — all of which support long‑term optionality. At the same time, near‑term financial headwinds were acknowledged: a negative gross profit (-$39M, -20.7% margin), sizable GAAP operating loss (-$159.5M) driven by noncash depreciation and seasonal power costs, continued high operating cash usage ($346.9M), substantial total debt (~$1.92B), and timing/legal risks on certain development sites (e.g., Clarington). Management framed many of these negatives as transitory and highlighted clear levers for margin recovery (A4 deployment, power cost normalization, AI cloud scaling, and colocation leases). Overall, operational and strategic positives were emphasized as outweighing the near‑term financial and execution risks.Company Guidance
Strong Year‑Over‑Year Revenue Growth
Total Q1 revenue of $188.9 million, up approximately 170% year‑over‑year (≈+$119 million), driven primarily by mining hash rate expansion and Bitcoin production.
Adjusted EBITDA Improvement
Adjusted EBITDA of $14.4 million for the quarter, an increase of roughly $60 million year‑over‑year, indicating improved core operational performance despite GAAP volatility.
Rapid Bitcoin Mining Expansion
Bitcoin production and self‑mining capacity expanded materially: mining production grew almost 500% year‑over‑year; self‑mining hash rate increased from 55.2 EH/s (Dec 2025) to ~65 EH/s (Mar 2026), a >400% year‑over‑year increase. Monthly mined Bitcoin: Jan 668, Feb 705, Mar 661 with April production reported at 783.
Launch of Highly Efficient SEALMINER A4 Series
Introduced SEALMINER A4 (A4 Ultrahydro 9.45 J/TH; A4 Pro Hydro and A4 Pro Air at 10.9 J/TH). Fleet efficiency improved to ~16.4 J/TH as of March 31, 2026. Reno manufacturing facility lease signed and permits submitted; construction expected to start by Q3.
Rapid AI Cloud Traction and Pricing Power
AI cloud ARR grew from ~$10 million (end‑Jan) to ~$21 million (end‑Feb) to ~$43 million (end‑Mar) — management noted ARR grew 105% in a single month. GPU utilization rose from 41% to 94% (Jan→Mar). Q1 ended with 2,128 GPUs (1,948 under external subscription); April update reported ARR ≈$69 million and >4,000 GPUs deployed. H100 hourly pricing up ~40% since late 2025 with bookings absorbing the increase.
Large Power & Colocation Pipeline
1.7 GW electrical capacity online and ~3 GW global power pipeline. Key projects: Tydal (Norway) conversion to 180 MW with first phase target Dec 2026 and PUE ≈1.1 on 100% renewable power; Clarington, OH with 570 MW under contract; Rockdale, TX targeting >740 MW after a 179 MW incremental energization; additional conversion work at Wenatchee and Knoxville and new site starts (Fox Creek).
Balance Sheet Actions and Liquidity
Priced an upsized $375 million 5% convertible senior notes offering (due 2032). Ended Q1 with cash, cash equivalents and restricted cash of $297.7 million (up from $177.9 million at year‑end 2025). Management expects bulk of FY2026 financing needs to be addressed with project‑level debt after signing Tydal lease.
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 |
|---|---|---|---|
May 14, 2026 | $13.22 | $14.75 | +11.57% |
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% |
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 Aug 07, 2026, After Close (Confirmed).
What is Bitdeer Technologies (BTDR) earnings time?
Bitdeer Technologies (BTDR) earnings time is at Aug 07, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is BTDR EPS forecast?
BTDR EPS forecast for the fiscal quarter 2026 (Q2) is -0.34.