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Bitdeer Technologies Group (BTDR)
:BTDR
Earnings Data
Report Date
Aug 08, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.12Last Year’s EPS
0.04Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 15, 2025
|% Change Since: 6.46%
|Next Earnings Date:Aug 08, 2025
Earnings Call Sentiment|Neutral
Despite strategic advancements in ASIC technology and geographic diversification, Bitdeer faced significant financial challenges in Q1 2025, including negative profitability and declines in hosting and cloud hashrate revenues. Strategic shifts, such as the pause in Clarington development, also indicate potential uncertainties in future revenue streams.Company Guidance
During the Bitdeer First Quarter 2025 Earnings Call held on May 15, 2025, the company provided detailed guidance and metrics related to its financial performance and strategic initiatives. For Q1 2025, Bitdeer's total revenue was $70.1 million, with a negative gross profit of $3.2 million and an adjusted EBITDA of negative $56.1 million. The company attributed its lower performance compared to the previous year to factors such as the 2024 halving event, increased global network hashrate, and higher R&D costs related to developing their SEAL03 chip. However, Bitdeer has been advancing its own ASIC technology, which is expected to drive a significant increase in self-mining hashrate to 40 exahash per second by October 2025, aided by enhanced power capacity, mainly in Norway and Bhutan. The company is also working on strategic geographic diversification and anticipates further expansion of its ASIC roadmap, with the SEALMINER A2 and A3 models in various stages of production and testing. Bitdeer is optimistic about its long-term position in the market, targeting unprecedented efficiency with its future SEALMINER A4 chip. On the infrastructure front, Bitdeer plans to energize nearly 1.8 gigawatts of power capacity by the end of 2025, including new projects in Ethiopia and Ohio. The company is also exploring opportunities in HPC and AI, with strategic pauses on certain Bitcoin mining developments to focus on emerging opportunities.Strategic ASIC Development
Bitdeer has prioritized the development of its own ASIC technology, leading to a temporary slowdown in hashrate growth but positioning the company for long-term advantages, including cost efficiency and greater control over growth.
Successful SEALMINER Production
Mass production of SEALMINER A1 and A2 rigs is on track, with 3.7 exahash per second of A1 and 35 exahash per second of A2 expected by October 2025.
Increased Mining Capacity
Bitdeer is bringing nearly 500 megawatts of new self-mining power capacity online by mid-year, increasing total global capacity to nearly 1.6 gigawatts.
Geographic Diversification
More than half of Bitdeer's power is located in Norway and Bhutan, with new sites in Ethiopia and potential expansion in Ohio for HPC/AI projects.
Innovative SEALMINER A4 Chip Development
SEALMINER A4 is targeting unprecedented efficiency at approximately 5 Joules per Terahash, with mass production expected in Q3 of this year.
Positive Trade and Tariff Developments
Bitdeer has noted a de-escalation in tariffs and plans to migrate some manufacturing to the U.S., anticipating further favorable trade measures.
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 15, 2025 | $14.09 | $13.73 | -2.56% |
Feb 25, 2025 | $13.10 | $9.26 | -29.31% |
Nov 18, 2024 | $11.09 | $11.85 | +6.85% |
Aug 12, 2024 | $7.89 | $7.61 | -3.55% |
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 Group (BTDR) report earnings?
Bitdeer Technologies Group (BTDR) is schdueled to report earning on Aug 08, 2025, TBA Not Confirmed.
What is Bitdeer Technologies Group (BTDR) earnings time?
Bitdeer Technologies Group (BTDR) earnings time is at Aug 08, 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?
BTDR EPS forecast for the fiscal quarter 2025 (Q2) is -0.12.