Bitdeer Technologies Analysts Increase Their Forecasts Following Q1 Results

Benzinga05-15

Bitdeer Technologies Group (NASDAQ:BTDR) posted mixed results for the first quarter on Thursday.

The company posted adjusted loss of 46 cents per share, versus market estimates of loss of 37 cents per share. The company's sales came in at $188.930 million, beating expectations of $187.271 million.

“The first quarter of 2026 demonstrated the breadth of Bitdeer’s execution capability,” said Matt Kong, Chief Business Officer of Bitdeer Technologies Group. “We launched the SEALMINER A4, our most efficient mining rig to date, advancing our vertically integrated hardware platform and reinforcing the competitive foundation of our mining business. We activated development of our Tydal facility in Norway, which is expected to become Norway’s largest operational AI data center upon completion. And we continue to grow our AI Cloud business, recently exceeding $69 million in annualized run-rate revenue.”

Bitdeer Technologies shares fell 11.4% to trade at $13.09 on Friday.

These analysts made changes to their price targets on Bitdeer Technologies following earnings announcement.

Needham analyst John Todaro maintained Bitdeer with a Buy and raised the price target from $18 to $19.
Rosenblatt analyst Kevin Cassidy maintained the stock with a Buy and raised the price target from $18 to $25.
Cantor Fitzgerald analyst Brett Knoblauch maintained the stock with a Neutral and raised the price target from $11 to $15.

Considering buying BTDR stock? Here’s what analysts think:

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2635110035?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-15 23:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2635110035","market":"us","top_or_hot":-1,"title":"Bitdeer Technologies Analysts Increase Their Forecasts Following Q1 Results","media":"Benzinga","content":"<html><body><p><strong><a href=\"https://laohu8.com/S/BTDR\">Bitdeer Technologies Group</a> </strong>(NASDAQ:BTDR) posted mixed results for the first quarter on Thursday. </p>\n<p>The company posted adjusted loss of 46 cents per share, versus market estimates of loss of 37 cents per share. The company's sales came in at $188.930 million, beating expectations of $187.271 million.</p>\n<p>“The first quarter of 2026 demonstrated the breadth of Bitdeer’s execution capability,” said Matt Kong, Chief Business Officer of Bitdeer Technologies Group. “We launched the SEALMINER A4, our most efficient mining rig to date, advancing our vertically integrated hardware platform and reinforcing the competitive foundation of our mining business. We activated development of our Tydal facility in Norway, which is expected to become Norway’s largest operational AI data center upon completion. And we continue to grow our AI Cloud business, recently exceeding $69 million in annualized run-rate revenue.”</p>\n<p>Bitdeer Technologies shares fell 11.4% to trade at $13.09 on Friday.</p>\n<p>These analysts made changes to their price targets on Bitdeer Technologies following earnings announcement.</p>\n<ul>\n<li>Needham analyst John Todaro maintained Bitdeer with a Buy and raised the price target from $18 to $19.</li>\n<li>Rosenblatt analyst Kevin Cassidy maintained the stock with a Buy and raised the price target from $18 to $25.</li>\n<li>Cantor Fitzgerald analyst Brett Knoblauch maintained the stock with a Neutral and raised the price target from $11 to $15.</li>\n</ul>\n<p><strong>Considering buying BTDR stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"459\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/15112420/image-422-1024x459.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/15112420/image-422-1024x459.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/15112420/image-422-300x134.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/15112420/image-422-768x344.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/15112420/image-422.png 1218w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitdeer Technologies Analysts Increase Their Forecasts Following Q1 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitdeer Technologies Analysts Increase Their Forecasts Following Q1 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2026-05-15 23:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong><a href=\"https://laohu8.com/S/BTDR\">Bitdeer Technologies Group</a> </strong>(NASDAQ:BTDR) posted mixed results for the first quarter on Thursday. </p>\n<p>The company posted adjusted loss of 46 cents per share, versus market estimates of loss of 37 cents per share. The company's sales came in at $188.930 million, beating expectations of $187.271 million.</p>\n<p>“The first quarter of 2026 demonstrated the breadth of Bitdeer’s execution capability,” said Matt Kong, Chief Business Officer of Bitdeer Technologies Group. “We launched the SEALMINER A4, our most efficient mining rig to date, advancing our vertically integrated hardware platform and reinforcing the competitive foundation of our mining business. We activated development of our Tydal facility in Norway, which is expected to become Norway’s largest operational AI data center upon completion. And we continue to grow our AI Cloud business, recently exceeding $69 million in annualized run-rate revenue.”</p>\n<p>Bitdeer Technologies shares fell 11.4% to trade at $13.09 on Friday.</p>\n<p>These analysts made changes to their price targets on Bitdeer Technologies following earnings announcement.</p>\n<ul>\n<li>Needham analyst John Todaro maintained Bitdeer with a Buy and raised the price target from $18 to $19.</li>\n<li>Rosenblatt analyst Kevin Cassidy maintained the stock with a Buy and raised the price target from $18 to $25.</li>\n<li>Cantor Fitzgerald analyst Brett Knoblauch maintained the stock with a Neutral and raised the price target from $11 to $15.</li>\n</ul>\n<p><strong>Considering buying BTDR stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"459\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/15112420/image-422-1024x459.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/15112420/image-422-1024x459.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/15112420/image-422-300x134.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/15112420/image-422-768x344.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/15112420/image-422.png 1218w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTDR","symbol_name":"Bitdeer Technologies Group","start_time":0,"source_url":"https://www.benzinga.com/news/26/05/52603223/bitdeer-technologies-analysts-increase-their-forecasts-following-q1-results","article_id":"2635110035","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635110035","pubTimestamp":1778858754,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Bitdeer Technologies Group (NASDAQ: BTDR) reported mixed results for Q1, with adjusted loss of 46 cents per share and sales of $188.930 million, beating expectations. Analysts have varying price targets for the stock.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BTDR":"Bitdeer Technologies Group","BK4600":"加密货币概念","BK4595":"比特币概念","BK4023":"应用软件"},"translate_title":"比特鹿科技分析师在第一季度业绩公布后上调预测","themeId":"11c8fbbf839f433c9d274cef5f173382","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTDR":1},"content_text":"Bitdeer Technologies Group (NASDAQ:BTDR) posted mixed results for the first quarter on Thursday. \nThe company posted adjusted loss of 46 cents per share, versus market estimates of loss of 37 cents per share. The company's sales came in at $188.930 million, beating expectations of $187.271 million.\n“The first quarter of 2026 demonstrated the breadth of Bitdeer’s execution capability,” said Matt Kong, Chief Business Officer of Bitdeer Technologies Group. “We launched the SEALMINER A4, our most efficient mining rig to date, advancing our vertically integrated hardware platform and reinforcing the competitive foundation of our mining business. We activated development of our Tydal facility in Norway, which is expected to become Norway’s largest operational AI data center upon completion. And we continue to grow our AI Cloud business, recently exceeding $69 million in annualized run-rate revenue.”\nBitdeer Technologies shares fell 11.4% to trade at $13.09 on Friday.\nThese analysts made changes to their price targets on Bitdeer Technologies following earnings announcement.\n\nNeedham analyst John Todaro maintained Bitdeer with a Buy and raised the price target from $18 to $19.\nRosenblatt analyst Kevin Cassidy maintained the stock with a Buy and raised the price target from $18 to $25.\nCantor Fitzgerald analyst Brett Knoblauch maintained the stock with a Neutral and raised the price target from $11 to $15.\n\nConsidering buying BTDR stock? Here’s what analysts think: \n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport,express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2635110035","isCrawlerRequest":true}