Why Investors Were Cold on Bitdeer Technologies Stock This Week
Key Points
It missed second-quarter analyst estimates, but not significantly.
Both developments came shortly after it announced a roughly $4.7 billion long-term contract with a tenant.
- 10 stocks we like better than Bitdeer Technologies Group ›
Bitdeer Technologies Group (NASDAQ: BTDR), one of a clutch of cryptocurrency mining companies attempting to lean into its data center operations business, reported earnings earlier this week. The company missed analyst estimates on both the top and bottom lines; what's more, it announced a potentially huge secondary share issue.
Neither of these developments did the stock any favors. It was down by almost 20% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Going to market
On Monday, Bitdeer both published its second-quarter figures and announced that aim to raise equity.
Image source: Getty Images.
As for the quarter, Bitdeer's revenue came in at just under $229 million, well up from the year-ago period's under $156 million. The company's headline net loss, however, deepened to over $92 million, or $0.37 per share. The second quarter 2025 deficit was nearly $63 million.
Analysts tracking the stock were modeling revenue of slightly above $231 million and a net loss per share of $0.32.
Bitdeer benefited from the continued scaling of its artificial intelligence (AI) cloud revenue and improvements in its mining fleet. But the bottom line was affected by sharp increases in expenses like electricity costs.
Soon after publishing the earnings release, Bitdeer revealed in a regulatory filing that it plans to float up to $1 billion of its class A ordinary shares via an at-the-market offering to the public.
Energized by Volta
Last week, Bitdeer announced it had contracted with AI infrastructure company Volta for a 121 IT megawatt lease for AI compute. The base term of the arrangement is 16 years, and its total value is approximately $4.7 billion.
The pivot from crypto miner to advanced data center landlord is a potentially very lucrative move, hence its current popularity. The catch is that there can be quite some time between signing a large contract and earning the initial revenue from it.
That said, Bitdeer is clearly on the right path. Investors who are positive on the pivot shouldn't be dissuaded by that potentially large equity issue or the second-quarter misses.
Should you buy stock in Bitdeer Technologies Group right now?
Before you buy stock in Bitdeer Technologies Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitdeer Technologies Group wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $400,209!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,375,393!*
Now, it’s worth noting Stock Advisor’s total average return is 964% — a market-crushing outperformance compared to 215% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of August 14, 2026.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Recommended Articles
