BTDR·NASDAQ·USD
Daily history updates are delayed. Available history through 2026-10-23 remains visible; a current quote does not establish that daily history has been updated.
Requests to the historical-data source are rate limited, delaying daily-price updates. Existing verified periods are retained; trading days not yet retrieved are not fabricated.
The first price observation reaches the verified listing date. This does not mean that security continuity, every trading day and adjusted prices have all been verified throughout the history.
The first price reaches the verified listing date 2023-04-14. Trading-date coverage and price verification are shown separately below.
Trading dates checked for 2023-04-14 — 2026-10-23: all 886 expected dates are present. Complete dates do not establish independent verification of every price.
Security basis: The current security identity and recorded historical continuity have been checked. Listing-date coverage is shown separately. Historical closes use the provider's split adjustments and exclude dividend distributions. Full-history adjustment factors have not been independently recalculated. Price changes do not represent total returns including dividends.
verified-listing-start-covered
History update reason: source-rate-limited-until 2026-10-28T04:39:08.620Z
Bitdeer trading after business combination; predecessor acquisition company excluded.
Compare growth, earnings, cash flow and capital investment for aligned reporting periods to examine company-wide financial drivers. Calculation inputs and original filings remain available.
2022-12-31 — 2025-12-31 · Valid observations: 19. Digital-asset and compute operations are identified separately and are not treated as banking. Company-wide financials do not replace segment analysis of mining, cloud services, token holdings and customer funds.
Time rangeBTDR Share price
Each panel has its own value axis; dates and the cursor are synchronized. Operating data appear only on their observed dates; other dates are left blank. US daily prices are checked against the verified 1997–2027 trading calendar. A missing expected trading day breaks the line; weekends and recorded exchange holidays do not. Annual observations retain annual frequency; guidance and scenarios are labeled separately. Operating data are positioned at the actual period end, which is not necessarily the date of public disclosure. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.
| Reporting period end | Gross margin% · Calculated from disclosures | Operating margin% · Calculated from disclosures | Net margin% · Calculated from disclosures |
|---|---|---|---|
| 2025-12-312025-12-31 | 9.83%Basis · Calculated from disclosuresSource version date: 2026-04-30 View calculation inputs · 4 items
| 25.75%Basis · Calculated from disclosuresSource version date: 2026-04-30 View calculation inputs · 4 items
| 10.58%Basis · Calculated from disclosuresSource version date: 2026-04-30 View calculation inputs · 4 items
|
| 2024-12-312024-12-31 | 18.98%Basis · Calculated from disclosuresSource version date: 2026-04-30 View calculation inputs · 4 items
| -168.58%Basis · Calculated from disclosuresSource version date: 2026-04-30 View calculation inputs · 4 items
| -171.29%Basis · Calculated from disclosuresSource version date: 2026-04-30 View calculation inputs · 4 items
|
| 2023-12-312023-12-31 | 21.11%Basis · Calculated from disclosuresSource version date: 2026-04-30 View calculation inputs · 4 items
| -14.18%Basis · Calculated from disclosuresSource version date: 2026-04-30 View calculation inputs · 4 items
| -15.37%Basis · Calculated from disclosuresSource version date: 2026-04-30 View calculation inputs · 4 items
|
| 2022-12-312022-12-31 | 24.97%Basis · Calculated from disclosuresSource version date: 2025-04-21 View calculation inputs · 4 items
| -18.18%Basis · Calculated from disclosuresSource version date: 2025-04-21 View calculation inputs · 4 items
| -18.11%Basis · Calculated from disclosuresSource version date: 2025-04-21 View calculation inputs · 4 items
|
Gross profit / revenue × 100
Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Calculated from disclosures · %
Operating income / revenue × 100
Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Calculated from disclosures · %
Selected net-income concept / revenue × 100
May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Calculated from disclosures · %
How the business turns into revenue and cash, and what the available evidence can establish.
BITDEER TECHNOLOGIES GROUP. The quote provider classifies its industry as Finance: Consumer Services. Structured segment, customer-mix and contract information is not yet available. Company information and original financial documents are provided below; business revenue is not inferred from supply-chain classification.
Candlesticks, volume and cross-company prices
Quote 2026-10-27Market cap retrieved 2026-10-28Financial period end 2025-12-31
Mining and computing operations are not banking businesses. Revenue multiples do not measure the net value of digital-asset holdings, and CFO minus PP&E does not establish cash distributable to common shareholders.
Public financial and operating analysis is available. Standalone research has not yet been published; exploreOperating data、Financial comparison and SourceSource document。
Select two specific periods to compare changes in scale, earnings and cash.
| Line item | Current period | Comparison period | Amount change | Growth |
|---|---|---|---|---|
| RevenueRecognized revenue; growth is calculated only when the comparison-period base is positive | 620.25 M | 349.78 M | +270.47 M | +77.33% |
| Gross profitGross margin 9.83% · Change -9.15 percentage points | 60.99 M | 66.40 M | -5.41 M | -8.14% |
| Operating incomeOperating margin 25.75% · Change +194.33 percentage points | 159.72 M | -589.66 M | +749.38 M | — |
| Net incomeNet margin 10.58% · Change +181.87 percentage points | 65.60 M | -599.15 M | +664.75 M | — |
| Capital expenditureCapital expenditure / revenue 37.44% · Change +3.28 percentage points | 232.24 M | 119.49 M | +112.76 M | +94.37% |
The change is the current value minus the comparison value; it is not automatically classified as year-over-year or quarter-over-quarter. Select a value to inspect reporting dates, filing versions and reconstruction inputs.
Time rangeRevenue
Series with the same unit and frequency share a value axis. Annual observations retain annual frequency; guidance and scenarios are labeled separately. Each column compares observations with matching period boundaries and units. Records that fail those checks remain blank. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.
Scroll to see all periods; select a value to open its source →
| Reporting period end · USD | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Revenue | 333.34 M | 368.55 M | 349.78 M | 620.25 M |
| Gross profit | 83.25 M | 77.81 M | 66.40 M | 60.99 M |
| Operating income | -60.59 M | -52.25 M | -589.66 M | 159.72 M |
| Net income | -60.37 M | -56.66 M | -599.15 M | 65.60 M |
| Operating cash flow | — | — | — | — |
| Capital expenditure | 63.20 M | 63.31 M | 119.49 M | 232.24 M |
Comparison columns require aligned period boundaries, currency and duration. Blank values are not zero; directly reported quarters and cumulative reconstructions are distinguished. A non-positive comparison base is shown as an amount change without a percentage growth rate.
View filing sourceCompleted events, conditional arrangements and the document versions used are listed separately.
Procurement of 133 GB300 racks at market price from an unaffiliated third-party supplier ahead of energization of the 21.7 MW A201 facility in Malaysia; subject to customary representations, warranties, covenants, indemnities and termination rights; value undisclosed [7]
10-year data center services agreement executed by Bitdeer AI securing 65.1 MW at the A202 facility on its Johor, Malaysia campus; lifts Johor campus AI Cloud capacity to 86.8 MW; DC RFS expected Q3 2027; GB300 and/or Vera Rubin platforms planned; provider undisclosed; contract value undisclosed [6]
Letter-of-credit backstop · credit support for Volta's obligations under the Tydal lease · "anticipated to be arranged by affiliates of J.P. Morgan and another top-tier global financial institution" · approximately US$1.3 billion in aggregate across both institutions (individual shares not split out) · subject to customary conditions · Bitdeer retains the right to terminate if Volta misses the credit-backstop milestones [3]
Equity stake · 37,729,510 Class A ordinary shares ≈ 19.7% (based on 191,152,162 Class A shares outstanding at 2025-12-31) · on 2026-06-12 Tether Investments transferred the holding to Tether International with no change in aggregate beneficial ownership · reporting persons: Tether Global Investments Fund, Tether Investments, Tether International and Giancarlo Devasini [1]
Design-build EPC (Design & Execution Agreement dated 2026-03-27) · contractor Data Center Installations AS, client Tydal Data Center AS (Bitdeer's Norwegian subsidiary) · conversion and upgrading of the existing Tydal data center into an AI data center · total project cost approximately NOK 4.5 billion excluding VAT (covering both DCI's scope and the external scope) · open-book cost-plus, but equipment purchases are invoiced at documented supplier cost with no mark-up · target completion 31 December 2026 · site planned for 180 MW of gross installed capacity [4]
Related-party collateralised credit facilities · Apr-2025 US$200M facility (upsized to US$400M in Jul-2025, fully drawn as of 2025-09-29, 9.0% plus a market-based reference rate, 24-month fixed monthly instalments per drawdown, secured by a pledge of SEALMINERs) · Sep-2025 additional facility of up to US$400.0M (8.35% p.a. payable monthly in arrears, 24 months from each drawdown, Bitcoin-collateralised, US$85.0M drawn as of 2025-09-29) · US$633.1M of related-party borrowings outstanding at 2026-06-30 (US$491.0M current + US$142.1M non-current) [2]
Power purchase agreement · 50 MW mining site in Ethiopia · contracted with Ethiopian Electric Power Company · 4-year term · approximately US$0.036/kWh · 33 kV interconnection to a neighbouring transmission substation · implemented via the acquisition of a local Ethiopian company holding a mining permit · US$7.5 million total project investment · energisation targeted for Q4 2025 [5]
This page cites periods ending through 2025-12-31. The same document includes multiple comparison periods.
This page cites periods ending through 2022-12-31.
This page cites periods ending through 2021-12-31.
This page cites periods ending through 2020-12-31.
Trace supply and demand through contract performance, operating metrics and cash attribution.
Downstream demand、Capital deployed: no records under the current criteria; this does not establish that a business relationship is absent.
Goods and services are arranged from supplier to customer; capital is shown separately. Select a relationship to inspect its evidence and operating mechanism. Second-degree paths do not establish guarantees or certain revenue.
| Economic direction / relationship type | Status / record date | Recorded amount | Capacity basis | Evidence source |
|---|---|---|---|---|
| Signed / existing2026-09-16 | No attributable amount providedAmount classification not yet structured | Not structured | A · Original filingCheck public source ↗ | |
| Signed / existing2026-09-14 | No attributable amount providedAmount associated with the contract relationship | 65.1 MWSee the record for capacity definitions and conditions | A · Original filingCheck public source ↗ | |
| Pending signature2026-08-04 | Approximately $1.3 billion combined for the two companies; individual shares were not disclosedAmount classification not yet structured | Not structured | A · Original filingCheck public source ↗ | |
| Signed / existing2026-06-12 | No attributable amount providedEquity subscription amount | Not structured | A · Original filingCheck public source ↗ | |
| Signed / existing2026-03-27 | USD 0.45 billionAmount classification not yet structured | 180 MWSee the record for capacity definitions and conditions | A · Original filingCheck public source ↗ | |
| Signed / existing2025-09-29 | USD 0.8 billionCredit facility limit | Not structured | A · Original filingCheck public source ↗ | |
| Signed / existing2025-04-10 | approximately US$0.036/kWhAmount classification not yet structured | 50 MWSee the record for capacity definitions and conditions | A · Original filingCheck public source ↗ |
Upstream supply · Equipment / construction
Procurement of complete GPU racks
Recorded as signed or existing; performance progress requires separate verification
No attributable amount is available for this record. This does not mean the amount is zero.
A period-by-period schedule of payments and revenue recognition has not been established. The recorded amount is not converted into current-period revenue, cash paid or stock-price impact.
The counterparty is unnamed; no specific company is inferred.
Relationship counts, capacity and total contract value are not measures of revenue or procurement concentration.
Procurement of 133 GB300 racks at market price from an unaffiliated third-party supplier ahead of energization of the 21.7 MW A201 facility in Malaysia; subject to customary representations, warranties, covenants, indemnities and termination rights; value undisclosed
BTDR 6-K 2026-09-16(ea030523501ex99-1.htm)
The excerpts below come from this record. Verify signed status separately from actual completion.
The amount associated with a relationship cannot substitute for the company's revenue, earnings or stock-price impact. Applies to this relationship; the original document determines the specific legal entities and attribution.
Analytical framework, not a realized impact
Anonymous supplier · BTDR (133 GB300 racks for A201 facility) supplies equipment or engineering services to BTDR; distinguish contract status from actual delivery status.
Verify each stage: prepayment, production or construction, arrival, acceptance and commissioning.
Assess capital expenditure and cash tied up in prepayments, commissioning timing, depreciation and subsequent operating cash flows.
Separate construction-period cash flows from steady-state cash flows; nominal capacity cannot be treated directly as profit.
Cross-check relationship events against subsequent disclosures of company revenue, costs, working capital and cash flows; movements in the same direction alone do not establish causation.
Metrics test operating processes; an overall change cannot be attributed to a single relationship. Expand the definitions to check calculation methods and their applicable boundaries.
Can revenue growth translate into earnings attributable to shareholders?
Preserve the distinctions relating to depreciation, stock-based compensation, adjustments and segments. The company's margin cannot be applied as this contract's margin.| Operating metric | Latest value | Definition and boundaries |
|---|---|---|
| Gross margin ↗2025-12-31 · Research calculation | 9.83% | Definition and boundariesGross profit / revenue × 100 Company-wide reported gross margin is not the margin of any individual product, segment or order. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
| Operating margin ↗2025-12-31 · Research calculation | 25.75% | Definition and boundariesOperating income / revenue × 100 Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
| Net margin ↗2025-12-31 · Research calculation | 10.58% | Definition and boundariesSelected net-income concept / revenue × 100 May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
How much cash is required for construction and procurement before delivery?
Compare prepayments, cash capital expenditure and commissioning plans. Current-period revenue is not a substitute for a full investment-recovery calculation.| Operating metric | Latest value | Definition and boundaries |
|---|---|---|
| Cash purchases of PP&E / revenue ↗2025-12-31 · Research calculation | 37.44% | Definition and boundariesCash purchases of PP&E / revenue × 100 Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
What verifiable information does this metric provide about this relationship?
Use the metric's definition and original inputs. Quantitative attribution to this relationship has not been established.| Operating metric | Latest value | Definition and boundaries |
|---|---|---|
| Revenue growth YoY ↗2025-12-31 · Research calculation | 77.33% | Definition and boundaries(Current-period revenue / comparable prior-year revenue − 1) × 100 Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
Related browsing is based on overlapping segments in the current graph. It does not establish direct peers, valuation comparability, or a supply, customer or investment relationship.
A = original SEC or exchange filings; B = company announcements, IR materials, official websites or established media; C = industry-structure inferences or third-party accounts without an independent primary source
Key relationships were reviewed using public information available through 2026-10-23. Historical relationships have not all been individually reverified. Their original dates are retained; delisted entities remain in the relationship archive but are excluded from market-cap weights. Review coverage through 2026-10-23.
Signed status does not mean that the full amount has been paid or that capacity has been delivered. Assess contract value, period revenue, investment, loans, prepayments and guarantee caps separately; do not sum them as a single exposure. Distinguish total power capacity from critical IT load. Company-level metrics cannot be attributed directly to an individual relationship.
Source facts and operating implications are distinguished, with forecasts and conditional scenarios identified as such. Missing relationships mean that this graph has no record of them. Data version 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644.
2026-10-27, 16:00 ET · Regular-session close. History through 2026-10-23 uses provider split-adjusted prices, excluding dividends. Full-history adjustment factors have not been independently recalculated. MA20 is the arithmetic mean of 20 recorded trading-day closes and does not bridge missing prices or known corporate actions. Price comparisons exclude dividend reinvestment and do not represent total returns. Market cap retrieved on 2026-10-28. Prices refresh daily. Source timestamps and website update times are shown separately.
The current security identity and recorded historical continuity have been checked. Listing-date coverage is shown separately.
verified-listing-start-covered
Bitdeer trading after business combination; predecessor acquisition company excluded.
Reporting period 2025-12-31; filed 2026-04-30. Financials use the company's reporting periods and currency; unavailable values appear as —. Expand the section below each chart to inspect metric definitions, inputs and original sources.
Based on value-chain records; original operating disclosures are still needed.
Citations: 7 · Documents: 7
BTDR SC 13D/A Amendment No. 13 (2026-06-30) · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
BTDR 6-K (2025-09-29) · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
BTDR 6-K (2026-08-05) · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
BTDR 20-F EX-4.43 (2026-04-30) · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
BTDR 6-K (2025-04-10) · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
BTDR Form 6-K filed 2026-09-16 (Exhibit 99.1, ea030523501ex99-1.htm); first announced in company press release dated 2026-09-14 · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
BTDR 6-K 2026-09-16(ea030523501ex99-1.htm) · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
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The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureNo matching source records.
