Bitdeer Technologies Group (BTDR)
NEUTRAL基本面
38
价格
$11.29
市值
$3.05B
第一部分 · 这家公司值多少
概览
Bitdeer Technologies Group operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, Norway, Finland, Ethiopia, Canada, and internationally. The company offers hash rate sharing solutions, including cloud hash rate and hash-rate subscription plans; and a one-stop mining rig hosting solution comprising deployment, maintenance, and management services for cryptocurrency mining; as well as mining cryptocurrencies for its own account. It also operates mining datacenters to generate hash rates; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining rigs. In addition, the company offers Minerplus, a software platform that offers software support to reduce time needed for daily maintenance and mining rig upgrade; AI infrastructure and AI cloud business to offer advanced AI cloud capabilities, HPC services and colocation services; and mining solutions under the SEALMINER brand. The company is headquartered in Singapore.
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Direct competitors
Who this company fights with for the same customers
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资产负债表与流动性
营收
$739M
最近12个月(截至2026/3/31)
净利润
$-503M
最近12个月(截至2026/3/31)
自由现金流
$17M
股东权益合计
$923M
负债合计
$1.95B
流动比率
1.01
利息覆盖率
-
债务/EBITDA
4.03
每股收益
营收与净利润
自由现金流
收入构成
历史财务表
利润率变化
债务变化
债务负担有多重
增长一览表
增长 — 营业收入
公允价值估算
公允价值
$12.38
当前价格
$11.29
安全边际
+8.8%
公允价值区间
$8.04 - $16.71
估算方法
估值指标
市盈率(P/E)
-
ROE
-25.3%
市净率(P/B)
2.76
P/FCF
150.62
毛利率
0.7%
ROIC
-9.5%
盈利能力雷达图
Value Creation (Economic Moat)
ROIC
-9.5%
WACC
9.9%
ROIC − WACC
-19.4 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
基本面分析标准
通过(9)
- P/B Ratio 2.76
- Debt/Equity ratio
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Revenue Growth 5Y 27.2%
- Analyst Consensus 84% Buy
- Earnings Surprise avg 123.3%
- Net Margin Trend 10.6% vs -171.3%
未通过(9)
- Price CAGR 2.68%
- ROIC -9.5%
- Gross Margin 0.7%
- P/FCF 150.62
- CapEx intensity
- DCF valuation (Overvalued)
- ROE -70.0%
- Earnings Quality (OCF/NI) -24.73
- Piotroski F-Score 0/9
不可用(9)
- EPS data insufficient
- Dividend Payout NaN%
- Operating Margin NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Share Dilution (missing shares data)
Piotroski F-评分
存在严重财务隐患
盈利质量
低质量:需深入审查会计处理
股权稀释
正在回购股份,对股东友好
公司治理
管理团队
| 姓名 | 职位 | 年龄 |
|---|---|---|
| Mr. Jihan Wu | Founder, Chairman & CEO | 38 |
| Mr. Michael G. Potter | Chief Financial Officer | 58 |
第二部分 · 价格与买入时机
这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。
Latest News
Recent headlines for BTDR, sourced from Markets Gazette.
- 5d agoPOSITIVEBitdeer signs $400M AI cloud computing deal for Malaysia facility
Bitdeer has secured a significant $400 million deal for AI cloud computing services at its upcoming Malaysia facility. The agreement, spanning five years, is projected to commence revenue generation in early 2027. Bitdeer aims to scale its AI cloud capacity to 350 megawatts by 2028. This strategic expansion into AI infrastructure development is expected to provide a substantial new revenue stream and enhance the company's market position in the burgeoning AI sector, offering a positive outlook for investors.
- 15d agoPOSITIVEBitdeer increased Bitcoin mining output by nearly fivefold in Q2
Bitdeer Technologies Group reported a significant surge in its Bitcoin mining output for Q2, producing 2,694 BTC. This represents a nearly fivefold increase compared to the previous year, underscoring the company's enhanced operational efficiency and capacity expansion. Despite holding only 150 BTC at the quarter's end due to prior treasury liquidations, the substantial increase in mined BTC signals strong operational performance and potential for future revenue growth. Investors may view this output increase as a positive indicator of Bitdeer's mining prowess and market position.
- 21d agoPOSITIVEBitdeer expands AI infrastructure with long-term $4.7B data center lease
Bitdeer has secured a significant 16-year lease for 121 megawatts of AI computing capacity in Norway, a move valued at $4.7 billion. This strategic expansion into AI infrastructure demonstrates the company's proactive diversification beyond its core cryptocurrency mining operations. The long-term nature of the agreement provides substantial revenue visibility and underscores Bitdeer's commitment to capitalizing on the burgeoning demand for AI computing power. Investors may view this as a positive step towards de-risking the business model and unlocking new growth avenues.
- 7/9/2026POSITIVEBitdeer stock jumps 14% as company expands US mining hardware production
Bitdeer Technologies Group saw its stock price surge by 14% following the announcement of a significant $36 million investment in a new manufacturing facility in Nevada. This facility will be dedicated to producing the company's proprietary SEALMINER Bitcoin mining machines, marking a strategic expansion of its hardware business. The move is expected to bolster Bitdeer's vertical integration and enhance its competitive position in the cryptocurrency mining hardware market. Investors are likely viewing this expansion as a positive step towards increased production capacity and potential revenue growth.
- 6/18/2026NEUTRALTether Reports 19.7% Bitdeer Stake After Partial Share Sale
Tether has disclosed a 19.7% beneficial ownership stake in Bitdeer Technologies Group following a partial share sale and affiliate transfer, as per its SEC filing. This disclosure indicates a significant investment by Tether into the Bitcoin mining company. While the stake itself is substantial, the news is primarily informational regarding ownership changes and does not immediately suggest a change in Bitdeer's operational performance or future outlook. Investors will monitor further developments and Tether's strategic intentions with this holding.
- 3/30/2026POSITIVEBitdeer Races Into AI Gold Rush With Giant Norway Facility Plan
Bitdeer Technologies Group is set to construct Norway's largest AI data center in Tydal through a partnership with DCI. The facility will boast a capacity of 180 MW and will be equipped with Nvidia's Vera Rubin technology. This strategic move positions Bitdeer to capitalize on the burgeoning demand for AI computing power. The development is expected to enhance Bitdeer's revenue streams and solidify its presence in the high-growth AI infrastructure sector, potentially leading to increased investor interest and a positive re-evaluation of its market position.
- 2/24/2026POSITIVEZero Bitcoin: Why This Miner Is Selling Everything It Produces
Bitdeer Technologies Group has demonstrated remarkable operational strength, despite its strategy of liquidating its Bitcoin treasury. The company significantly boosted its self-mining capacity, exceeding 63 EH/s, and reported a substantial year-over-year increase in Bitcoin production. This performance occurs amidst market pressure, highlighting the company's resilience and growth capability within the cryptocurrency mining sector. For investors, Bitdeer's expansion in production capacity and operational efficiency represents a positive signal, indicating robust business performance beyond immediate Bitcoin price fluctuations.
- 2/22/2026NEGATIVEBitdeer liquidates entire Bitcoin treasury, holdings fall to zero
Bitcoin mining company Bitdeer has liquidated its entire treasury reserve, bringing its holdings down to zero. The firm sold 943 BTC from its reserves, in addition to newly mined coins. This drastic move raises questions about management's confidence in the future price action of Bitcoin or a potential urgent need for liquidity to fund operations or strengthen the balance sheet. Investors are likely to interpret this decision as a bearish signal, not only for the company itself but also for the broader sector sentiment. A complete sell-off of reserves is an unusual event for a miner, as these companies tend to accumulate the asset in anticipation of future appreciation. The market's reaction to the BTDR stock will be closely watched.
- 2/20/2026NEGATIVECrypto miner Bitdeer tanks 17% after $300M debt offering
Bitdeer launched a $300 million convertible senior note offering, causing its shares to tank 17%. This, coupled with a 29% year-to-date drop, signals financial strain and market distrust in the company's debt management or future profitability.
via Markets Gazette