Bitdeer is a very fast-growing (47% YoY) small-cap with modest insider buying, but four straight earnings misses, a 3/9 Piotroski score, 33% short interest and a 76% drawdown make it a highly speculative rebound case.
Thesis pillars
- Rapid Revenue Growth→Stable
- Weak Quality No Moat→Stable
- Repeated Earnings Misses↑Improving
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Nov 1, 2026
Bitdeer Technologies Group (BTDR) Stock Analysis
Falling Knife setup · Inst Constrain edge
Technology · Software - Application
Sell if holding. Engine safety override at $6.92: Quality below floor (1.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.8/10. Specifically: High short interest: 33%; Elevated put/call ratio: 2.28; Below-average business quality.
Bitdeer Technologies Group operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, Norway, Finland, Ethiopia, Canada, and internationally. The company offers hash rate sharing solutions, including cloud hash... Read more
Sell if holding. Engine safety override at $6.92: Quality below floor (1.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.8/10. Specifically: High short interest: 33%; Elevated put/call ratio: 2.28; Below-average business quality. Chart setup: Death cross, below all MAs, RSI 39, MACD bearish. Score 5.8/10, moderate confidence.
Passes 4/8 gates (clean insider activity, no SEC red flags, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA) and earnings proximity 6d<=7d. Suitability: speculative.
Recent developments
updated Nov 3, 2026Recent Developments — Bitdeer Technologies Group
Latest news
- NEWS Bitdeer Technologies Group Reports Zero Bitcoin Holdings Following Weekly Production Sale — fiscal.ai Nov 3, 2026 negative
- NEWS KBW Maintains Hold Rating on Bitdeer Technologies Group — fiscal.ai Nov 3, 2026 neutral
- NEWS B. Riley Securities Maintains Buy Rating and Adjusts Price Target for Bitdeer Technologies Group — fiscal.ai Oct 31, 2026 neutral
- NEWS B. Riley Securities Maintains Buy on Bitdeer Techs, Lowers Price Target to $19 — benzinga Oct 30, 2026 neutral
- NEWS Bitdeer Technologies Group Announces Participation in Upcoming Investor Conferences — fiscal.ai Oct 30, 2026 neutral
Latest item Nov 3, 2026 · Generated 2026-11-04T11:44:35Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
4 floor-breakers·1 ceiling hit
Hyper-growth tech sacrificing current profitability for scale. Floor tripped because model treats negative margins uniformly; the growth dimension tells the other half of the story.static
Volatile — 10.9% daily ATR makes tight stops impractical. Position-size conservatively.static
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $6.92: Quality below floor (1.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.8/10. Specifically: High short interest: 33%; Elevated put/call ratio: 2.28; Below-average business quality. Chart setup: Death cross, below all MAs, RSI 39, MACD bearish. Prior stop was $6.44. Score 5.8/10, moderate confidence.
Resistance target: $10.59 (+53.0% upside). Prior stop was $6.44. Stop-loss: $6.44.
DATA_ISSUE: analyst_target_implausible (raw $21.86 vs price $6.92 — ratio 3.2×). Rejected, falling back to technical TP.; Quality below floor (1.8 < 4.0).
Bitdeer Technologies Group trades at a P/E of N/A (forward -18.6). TrendMatrix value score: 8.2/10. Verdict: Sell.
20 analysts rate BTDR, with a consensus score of 4.0/5. 14 analysts publish price targets averaging $22.
What does Bitdeer Technologies Group do?Bitdeer Technologies Group operates as a technology company for blockchain and high-performance computing (HPC) in...
Bitdeer Technologies Group operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, Norway, Finland, Ethiopia, Canada, and internationally. The company offers hash rate sharing solutions, including cloud hash rate and hash-rate subscription plans; and a one-stop mining rig hosting solution comprising deployment, maintenance, and management services for cryptocurrency mining; as well as mining cryptocurrencies for its own account. It also operates mining datacenters to generate hash rates; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining rigs. In addition, the company offers Minerplus, a software platform that offers software support to reduce time needed for daily maintenance and mining rig upgrade; AI infrastructure and AI cloud business to offer advanced AI cloud capabilities, HPC services and colocation services; and mining solutions under the SEALMINER brand. The company is headquartered in Singapore.