Entropy Technologies LP Has $843,000 Stake in Bitdeer Technologies Group $BTDR

Entropy Technologies LP boosted its stake in Bitdeer Technologies Group (NASDAQ:BTDR) by 770.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,488 shares of the company’s stock after acquiring an additional 86,293 shares during the quarter. Entropy Technologies LP’s holdings in Bitdeer Technologies Group were worth $843,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BTDR. Empowered Funds LLC bought a new position in Bitdeer Technologies Group during the 4th quarter worth about $34,000. Kestra Advisory Services LLC bought a new stake in shares of Bitdeer Technologies Group in the fourth quarter valued at about $39,000. Hollencrest Capital Management bought a new stake in shares of Bitdeer Technologies Group in the first quarter valued at about $43,000. Tower Research Capital LLC TRC boosted its position in shares of Bitdeer Technologies Group by 7,157.0% during the second quarter. Tower Research Capital LLC TRC now owns 7,257 shares of the company’s stock worth $83,000 after buying an additional 7,157 shares during the period. Finally, Leonteq Securities AG acquired a new position in shares of Bitdeer Technologies Group during the first quarter worth about $72,000. 22.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BTDR shares. B. Riley Financial lifted their target price on Bitdeer Technologies Group from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Citizens Jmp started coverage on Bitdeer Technologies Group in a research note on Wednesday, June 24th. They issued a “market outperform” rating and a $35.00 target price on the stock. Zacks Research raised Bitdeer Technologies Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Rosenblatt Securities raised their price target on shares of Bitdeer Technologies Group from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Wall Street Zen downgraded shares of Bitdeer Technologies Group from a “sell” rating to a “strong sell” rating in a report on Saturday, May 2nd. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.45.

Bitdeer Technologies Group Trading Down 9.4%

Shares of BTDR stock opened at $10.28 on Wednesday. The stock has a market cap of $2.42 billion, a P/E ratio of -2.98 and a beta of 2.47. Bitdeer Technologies Group has a 1 year low of $6.92 and a 1 year high of $27.80. The company has a current ratio of 1.85, a quick ratio of 1.11 and a debt-to-equity ratio of 1.88. The stock has a 50 day simple moving average of $15.29 and a 200 day simple moving average of $12.52.

Bitdeer Technologies Group (NASDAQ:BTDR) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.21). The company had revenue of $188.93 million for the quarter, compared to the consensus estimate of $184.02 million. Bitdeer Technologies Group had a negative return on equity of 69.95% and a negative net margin of 68.11%.Bitdeer Technologies Group’s revenue was up 169.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.37) EPS. On average, research analysts predict that Bitdeer Technologies Group will post -1.18 earnings per share for the current fiscal year.

About Bitdeer Technologies Group

Bitdeer Technologies Group Inc (NASDAQ:BTDR) is a global digital asset mining and computing services provider focused on delivering secure and efficient hashrate solutions to institutional and retail customers. The company leverages its proprietary mining platform to offer hosted mining, hashrate sales and management services, enabling clients to access large-scale mining operations without direct investment in hardware or infrastructure.

Bitdeer’s core offerings include mining hosting services, whereby the firm installs, operates and maintains specialized mining equipment on behalf of customers, and hashrate-as-a-service products that provide fixed-capacity mining power with transparent pricing structures.