BTDR Stock Forecast & Price Target

Bitdeer Technologies Group has demonstrated significant operational growth, achieving a total hash rate under management of 49.2 EH/s by the end of October, and an impressive 273.1% year-over-year increase in its average self-mining hash rate to 29.1 EH/s. The company's self-mining revenue surged to $130.9 million, reflecting a 315% increase year-over-year, driven by higher Bitcoin prices and a notable rise in operational capacity despite increased mining difficulty. Additionally, the company is expanding its revenue base through membership hosting, which grew 41.4% year-over-year, indicating a strong demand for its services and improved miner efficiency.

Bitdeer Technologies Group faces a challenging financial landscape, highlighted by a substantial decline in hosting revenue to $8.4 million in 3QF25 due to the expiration of contracts and inefficient equipment removal. The company's operating cash flow turned significantly negative at ($520 million), exacerbated by high supply chain costs, electricity expenses, and corporate overhead. Additionally, the cessation of long-term Cloud Hash Rate contracts and potential regulatory pressures on cryptocurrency usage further undermine the company's ability to generate mining revenue and maintain profitability.