
BTDR Stock Forecast & Price Target
BTDR Analyst Ratings
Bulls say
Bitdeer Technologies is poised for significant growth as it projects its self-mining hash rate to increase from 8.7 EH/s to approximately 40 EH/s by the end of 2025, leveraging enhanced energy-efficient mining rigs. The company's strategic focus on self-mining, alongside strong demand for its hardware, positions it well to optimize production and lower power costs, enhancing its operational profitability. Additionally, Bitdeer's increasing Bitcoin holdings—growing from 724 in January to 1,039 by February—reflects its sound financial positioning amidst a favorable market environment for digital asset mining.
Bears say
Bitdeer Technologies Group has experienced a significant decline in its share price, dropping over 28% amid broader pressure on cryptocurrency-related stocks, compounded by disappointing financial results for the fourth quarter. The company reported a 10% decrease in revenue, with a substantial decline in hosting revenue by 42%, which overshadowed a 22% increase in self-mining revenue due to rising Bitcoin prices. Furthermore, Bitdeer's multi-year contracts may hinder its ability to pivot towards more profitable self-mining during market upswings, while a downturn in cryptocurrency prices poses an ongoing risk to the company’s financial health.
This aggregate rating is based on analysts' research of Bitdeer Technologies Group and is not a guaranteed prediction by Public.com or investment advice.
BTDR Analyst Forecast & Price Prediction
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