Bank of America Corp DE Acquires 3,007,523 Shares of Bitdeer Technologies Group $BTDR

Key Points

• Bank of America significantly increased its stake: The firm acquired 3,007,523 additional Bitdeer shares, bringing its holdings to 3,227,585 shares worth approximately $27.9 million, or 1.37% of the company.
• Bitdeer remains unprofitable: The company reported a quarterly loss of $0.37 per share on $228.78 million in revenue, with analysts forecasting a full-year loss of roughly $1.54 per share.
• Analyst sentiment is cautiously positive: Bitdeer has a “Moderate Buy” consensus rating and an average price target of $24.82, while its CFO’s purchase of 25,000 shares for about $226,000 provided an additional positive signal.

Bank of America Corp DE lifted its stake in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) by 1,366.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,227,585 shares of the company's stock after acquiring an additional 3,007,523 shares during the quarter. Bank of America Corp DE owned 1.37% of Bitdeer Technologies Group worth $27,919,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in Bitdeer Technologies Group during the fourth quarter valued at approximately $34,000. Kestra Advisory Services LLC purchased a new stake in shares of Bitdeer Technologies Group in the 4th quarter worth $39,000. Hollencrest Capital Management bought a new position in Bitdeer Technologies Group in the 1st quarter worth $43,000. Leonteq Securities AG purchased a new position in Bitdeer Technologies Group during the first quarter valued at $72,000. Finally, Royal Bank of Canada lifted its position in Bitdeer Technologies Group by 80.2% during the first quarter. Royal Bank of Canada now owns 9,548 shares of the company's stock valued at $83,000 after purchasing an additional 4,250 shares in the last quarter. Hedge funds and other institutional investors own 22.25% of the company's stock.

Bitdeer Technologies Group Stock Performance

BTDR opened at $9.13 on Monday. The firm has a market cap of $2.08 billion, a P/E ratio of -2.98 and a beta of 2.50. Bitdeer Technologies Group has a 12 month low of $6.92 and a 12 month high of $27.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.20. The stock has a 50-day moving average of $13.53 and a 200 day moving average of $12.16.

Bitdeer Technologies Group (NASDAQ:BTDR - Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported ($0.37) earnings per share (EPS) for the quarter. The company had revenue of $228.78 million for the quarter. Bitdeer Technologies Group had a negative net margin of 55.15% and a negative return on equity of 54.72%. As a group, research analysts forecast that Bitdeer Technologies Group will post -1.54 EPS for the current year.

Insider Transactions at Bitdeer Technologies Group

In other news, CFO Michael G. Potter acquired 25,000 shares of Bitdeer Technologies Group stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average price of $9.04 per share, for a total transaction of $226,000.00. Following the purchase, the chief financial officer directly owned 25,000 shares in the company, valued at $226,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BTDR shares. Weiss Ratings raised shares of Bitdeer Technologies Group from a "sell (d-)" rating to a "hold (c-)" rating in a report on Monday, May 18th. Zacks Research raised shares of Bitdeer Technologies Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 2nd. Citizens Jmp started coverage on shares of Bitdeer Technologies Group in a research report on Wednesday, June 24th. They issued a "market outperform" rating and a $35.00 price target for the company. Cantor Fitzgerald upgraded shares of Bitdeer Technologies Group from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $15.00 to $18.00 in a research report on Wednesday, August 5th. Finally, Benchmark reissued a "buy" rating on shares of Bitdeer Technologies Group in a research note on Tuesday, August 11th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Bitdeer Technologies Group currently has an average rating of "Moderate Buy" and a consensus target price of $24.82.

Bitdeer Technologies Group News Summary

Here are the key news stories impacting Bitdeer Technologies Group this week:

• Positive Sentiment: CFO buys shares: Chief Financial Officer Michael Potter purchased 25,000 BTDR shares for approximately $226,000 at an average price of $9.04. The open-market purchase—his first reported position—may signal management confidence in the company’s valuation and outlook. Bitdeer Technologies Group CFO Buys $226,000 in Stock
• Positive Sentiment: AI infrastructure opportunity: Investor attention remains focused on Bitdeer’s pivot from Bitcoin mining toward AI data centers, including a reported 16-year, approximately $4.7 billion Norwegian colocation agreement for GPU operations. Successful execution could diversify revenue and support a higher valuation. Why Investors Were Cold on Bitdeer Technologies Stock This Week
• Neutral Sentiment: Institutional and analyst support remains mixed: Several major investors increased their BTDR positions, while others reduced holdings. The broader analyst consensus remains “Moderate Buy,” but price targets vary widely, reflecting uncertainty around the company’s transition and execution.
• Negative Sentiment: Quarterly results missed expectations: Bitdeer reported a loss of $0.37 per share on $228.78 million in revenue, missing second-quarter analyst estimates. The company also continues to report substantial losses, with analysts expecting a full-year loss of roughly $1.54 per share. Why Investors Were Cold on Bitdeer Technologies Stock This Week
• Negative Sentiment: Price targets were cut: Keefe, Bruyette & Woods lowered its target from $14 to $10 and assigned a “market perform” rating. B. Riley also reduced its target from $23 to $21, though it retained a “buy” rating. The reductions underscore concerns about profitability, capital needs, dilution from share issuance and convertible notes, and the pace of AI-data-center execution. Analyst price target updates

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.

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