Education
About Us
Working with TipRanks
Follow Us
Bitdeer Technologies Group (BTDR)
:BTDR
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.32Last Year’s EPS
0.07Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -6.03%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of strategic advancements and financial challenges. Bitdeer's commitment to vertical integration and advanced ASIC technology development positions it well for future growth, despite current financial setbacks due to market conditions and increased R&D expenses. The financial losses and revenue declines highlight the difficult operating environment but are balanced by strategic initiatives that may drive long-term shareholder value.Company Guidance
During Bitdeer's fourth quarter and full-year 2024 earnings call, the company reported Q4 revenue of $69 million, with a gross profit of $5.1 million and an adjusted EBITDA of negative $3.8 million. The lower performance compared to Q4 2023 was attributed to the April 2024 halving, increased global network hashrate, and lower hosting and cloud mining revenue, partially offset by higher self-mining hashrate and Bitcoin prices. Bitdeer outlined its strategy to prioritize the development of its own ASIC technology, which is expected to offer cost advantages and enhance their competitive position in the $4-5 billion annual ASIC market. The company also highlighted its acquisition of a 19-acre site for a 101 MW gas-fired power plant in Alberta, with plans for a 99 MW data center for Bitcoin mining. The total capital expenditure for this project is estimated at $90 million for the power plant and $30 million for the data center infrastructure. Bitdeer aims to achieve a self-mining hashrate of approximately 40 exahash by Q4 2025, with additional potential from future wafer allocations. The company is optimistic about its ASIC roadmap, expecting to leverage its SEALMINER A2 and A3 models to gain a significant market share by emphasizing energy efficiency, with the A3 targeting an industry-leading efficiency of 10 joules per terahash.Vertically-Integrated Business Strategy
Bitdeer has successfully acquired a 19-acre site for a 101 megawatt gas-fired power plant near Foxcreek, Alberta, positioning it as the world's first fully vertically integrated Bitcoin miner. This development is expected to lead to one of the lowest Bitcoin mining costs in the industry.
Advanced ASIC Technology Development
Bitdeer is progressing with the SEALMINER ASIC roadmap, with SEALMINER A2s expected to deliver approximately 35 exahash by October 2025 and strong pre-order demand exceeding capacity by six times.
Strong Financial Position
Bitdeer ended the year with $476.3 million in cash and cash equivalents and $77.5 million in cryptocurrencies, providing liquidity to continue strategic investments.
Expansion of Power Capacity
Bitdeer has secured over 2.6 gigawatts of total power capacity, with about 1 gigawatt scheduled to be energized over 2025, supporting its self-mining and HPC/AI data center initiatives.
---
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 |
|---|---|---|---|
| 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% |
| May 13, 2024 | $5.50 | $5.45 | -0.91% |
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 May 19, 2025, TBA Not Confirmed.
What is Bitdeer Technologies Group (BTDR) earnings time?
Bitdeer Technologies Group (BTDR) earnings time is at May 19, 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 (Q1) is -0.32.
---