Bitdeer Technologies Group (NASDAQ:BTDR) CFO Michael Potter Acquires 25,000 Shares of Stock

Bitdeer Technologies Group (NASDAQ:BTDR) CFO Michael Potter purchased 25,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were purchased at an average price of $9.04 per share, with a total value of $226,000.00. Following the completion of the acquisition, the chief financial officer directly owned 25,000 shares of the company’s stock, valued at approximately $226,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Bitdeer Technologies Group Trading Down 2.9%

Shares of NASDAQ:BTDR opened at $8.76 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.11 and a current ratio of 1.85. The stock’s 50-day moving average is $13.69 and its 200-day moving average is $12.20. The company has a market cap of $2.06 billion, a P/E ratio of -2.86 and a beta of 2.50. Bitdeer Technologies Group has a 52-week low of $6.92 and a 52-week high of $27.80.

Bitdeer Technologies Group (NASDAQ:BTDR) last posted its quarterly earnings data on Tuesday, June 30th. The company reported ($0.37) earnings per share for the quarter. The business had revenue of $228.78 million for the quarter. Bitdeer Technologies Group had a negative return on equity of 61.88% and a negative net margin of 55.15%. Equities research analysts predict that Bitdeer Technologies Group will post -1.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BTDR shares. Weiss Ratings raised Bitdeer Technologies Group from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Needham & Company LLC cut their target price on shares of Bitdeer Technologies Group from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday. Citizens Jmp assumed coverage on shares of Bitdeer Technologies Group in a report on Wednesday, June 24th. They issued a “market outperform” rating and a $35.00 price target for the company. Zacks Research upgraded shares of Bitdeer Technologies Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Benchmark restated a “buy” rating on shares of Bitdeer Technologies Group in a report on Tuesday. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.82.

Institutional Trading of Bitdeer Technologies Group

Institutional investors have recently modified their holdings of the company. Empowered Funds LLC acquired a new position in shares of Bitdeer Technologies Group in the fourth quarter valued at $34,000. GAMMA Investing LLC increased its holdings in Bitdeer Technologies Group by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,476 shares of the company’s stock valued at $39,000 after buying an additional 902 shares during the period. Kestra Advisory Services LLC bought a new stake in Bitdeer Technologies Group in the 4th quarter valued at $39,000. Hollencrest Capital Management acquired a new position in shares of Bitdeer Technologies Group in the 1st quarter valued at $43,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Bitdeer Technologies Group in the 2nd quarter valued at $66,000. Institutional investors and hedge funds own 22.25% of the company’s stock.

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.