Bitdeer (BTDR)
Mines Bitcoin, sells SEALMINER rigs, hosts miners, and builds GPU cloud and colocation capacity.
Something off on this page? Send us feedback.
Mines Bitcoin for its own account, sells SEALMINER rigs, hosts customer miners, supplies cloud hash rate and GPU computing, and develops AI colocation capacity. Self-mining supplies most revenue, with results shaped by Bitcoin economics, electricity costs, and power-site execution.
Runs five businesses: mining Bitcoin for its own account; selling SEALMINER rigs and accessories; hosting customer miners; selling cloud hash-rate contracts; and supplying GPU cloud and AI colocation capacity. Self-mining produces most revenue, while proprietary SEAL chips and SEALMINER rigs connect semiconductor design with fleet deployment and third-party hardware sales.
Operates data centers across the United States, Norway, Bhutan, Ethiopia, and Malaysia, pairing power sites with mining and expanding AI workloads. Hosting customers pay for facility resources and management; AI cloud customers rent GPU computing capacity, while colocation tenants deploy their own equipment. Results depend on Bitcoin prices, network difficulty, block rewards, electricity costs, ASIC manufacturing, power availability, construction, and permits; AI cloud and colocation remain newer businesses.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 20, 2026 | Barclays | Initiate | Rating: —Target: — | Target: $15 |
| Aug 11, 2026 | Coker Palmer | Target | Target: $38 | Target: $22 |
| Aug 11, 2026 | Needham | Reiterate | Rating: —Target: $22 | Target: $20 |
| Aug 5, 2026 | Cantor Fitzgerald | Upgrade | Target: $10 | Target: $18 |
| Aug 4, 2026 | Industrial Alliance Securities | Target | Target: $20 | Target: $23 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $494.1M · Total debt $1.95B · Total assets $3.45B · Shareholders' equity $1.10B
- Revenue
- $228.8M
- Operating income
- −$101.7M
- Net income
- −$92.3M
No dividends on record.
| Institutions | ≈ 64.91% | 151.55M ADS | |
|---|---|---|---|
| 313 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.98% | 2.28M ADS | |
| 6 holders · as of Aug 17, 2026 | |||
| Strategic holders | 9.86% | 23.01M ADS | |
| 1 holder · as of Aug 14, 2026 | |||
| Other | ≈ 24.25% | 56.63M ADS | |
| remainder | |||
233.47M ADS (1 ADS = 1 ordinary shares) as of Aug 25, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2023 annual report; nothing newer is on file here.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Sunrise Partners Limited PartnershipInstitution | 15.58% | 36.37M | filed Jun 18, 2026 |
G1 Execution Services, LLCStrategic | 9.86% | 23.01M | filed Aug 14, 2026 |
BlackRock, Inc.Institution | 4.75% | 11.09M ADS | as of Jun 30, 2026 |
Sachem Head Capital Management LPInstitution | 4.13% | 9.64M ADS | as of Jun 30, 2026 |
Jane Street Group, LLCInstitution | 3.03% | 7.07M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Haris Fozan Basit | officer: Chief Strategy Officer | +25,000 | $8.84 |
| Aug 12, 2026 | Michael G. Potter | officer: Chief Financial Officer | +25,000 | $9.04 |
- MARA
Large self-mining and energy-infrastructure peer with AI/HPC expansion
- IREN
Hybrid Bitcoin-mining and AI-cloud peer with renewable data centers
- CleanSpark
U.S. self-miner competing on power, fleet efficiency, and AI optionality
- Riot Platforms
Vertically integrated miner and data-center operator with AMD lease
- Cipher Digital
Bitcoin-mining operator turned contracted HPC data-center developer
- Canaan (ADR)
Public Avalon ASIC maker competing with SEALMINER hardware
- Applied Digital
AI/HPC data-center builder with crypto-mining hosting roots
- Hut 8
Power-first ASIC compute and AI infrastructure platform
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bitdeer | $13.10 | −0.32% | $3.07B | — | — | 3.8 | +47.1% |
| MARA | $13.78 | +3.76% | $5.06B | — | — | 6.3 | −26.7% |
| IREN | $48.18 | +2.01% | $16.85B | — | — | 23.8 | −26.8% |
| CleanSpark | $14.98 | +1.51% | $3.79B | — | — | 5.6 | −30.5% |
| Riot Platforms | $24.75 | +2.37% | $9.14B | — | — | 13.6 | +13.9% |
| Cipher Digital | $19.13 | +1.22% | $7.73B | — | — | 40.5 | −43.0% |
| Canaan (ADR) | $0.4137 | −0.82% | $195.9M | — | — | 0.4 | +128.4% |
| Applied Digital | $28.41 | +0.76% | $8.12B | — | — | 14.1 | +580.7% |
| Hut 8 | $106.07 | +2.56% | $11.64B | — | — | — | +81.4% |
| Median | — | — | 13.6 | −6.4% |