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Bitdeer Technologies Group

BTDR on Nasdaq. Finance services. Market value $3.0bn.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2024.

We can't read total debt from the filing, so debt is left out.

Cash flow or capital spending isn't reported, so free cash flow is unknown.

The latest annual report is over 15 months old, so we don't rank it.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Financial services stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Return on equity
five annual reports to December 2024
Not reported

We don't have this figure for this company.

Price to book
annual report to December 2024
Not reported

We don't have this figure for this company.

Earnings yield
annual report to December 2024
-28.6%

Profit per $100 you pay: $-28.56.

Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.

$10.91 a share, 58% above its 1-year low

Over the past year the price has ranged from $6.92 to $27.80.

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
n/a
n/a
202220232024
Revenue
n/an/an/a
Operating margin
n/an/an/a
Debt to equity
n/an/an/a
Shares outstanding
0.00bn0.11bn0.19bn

Health checks

  • Free cash flow positiveDoesn't apply to banks and insurers
  • Accounting checksDoesn't apply to banks and insurers
  • DebtDoesn't apply to banks and insurers
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesNo, 19231765500% more shares since 2022

Dates

Next results (estimated)
n/a
Last annual report (10-K)
30 April 2026
Next quarterly (estimated, 10-Q)
n/a

Who owns it

2 long-term investors we follow own it, up from 1 last quarter. 236 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

10 investors own more than 5%.

  • Tether Global Investments Fund, S.I.C.A.F., S.A.
    Passive investor
    at least 19.7%0.0 pts
    (filed with 3 related holders)
    Since 12 June 2026
    What they said

    Effective on June 12, 2026, Tether Investments transferred 37,729,510 Class A Shares to Tether International, S.A. de C.V. (the "Transfer"). The Transfer resulted in no change in the aggregate number of Class A Shares beneficially owned by the Reporting Persons.

    Read the filing
  • Tether International Limited
    at least 15.9%
    (filed with 1 related holder)
    Since 17 January 2025
  • at least 9.0%
    (filed with 4 related holders)
    Since 28 May 2026
  • JANE STREET GROUP, LLC
    Passive investor
    at least 5.7%+0.6 pts
    (filed with 2 related holders)
    Since 30 June 2026
  • BlackRock, Inc.
    Passive investor
    5.3%
    Since 30 June 2026
  • G1 Execution Services, LLC
    Passive investor
    at least 5.1%
    (filed with 3 related holders)
    Since 30 June 2026
  • Shinning Stone Invest Co., Ltd.
    at least 4.9%
    (filed with 1 related holder)
    Since 17 April 2026
    What they said

    On April 17, 2026, Shinning Stone transferred 5,500,000 Class A ordinary shares to Amazing Radiant Limited in a private transaction for no consideration in connection with estate planning by Mr. Zhaofeng Zhao. Other than as described herein and in the Schedule 13D, the Reporting…

    Read the filing
  • Kenneth Griffin
    Passive investor
    at least 4.8%
    (filed with 6 related holders)
    Since 20 July 2026
  • Golden Navigate Investments Ltd
    Passive investor
    at least 4.8%−1.2 pts
    (filed with 1 related holder)
    Since 1 April 2026
  • Mega Galaxy International Limited
    Passive investor
    at least 4.3%
    (filed with 1 related holder)
    Since 31 March 2025

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 2 insiders bought $447,000 of shares on the open market.

  • Basit Haris Fozan
    Chief Strategy Officer
    Bought
    Date
    14 August 2026
    Shares
    25,000
    Price
    $8.84
    Value
    $221,000
  • Potter Michael G
    Chief Financial Officer
    Bought
    Date
    12 August 2026
    Shares
    25,000
    Price
    $9.04
    Value
    $226,000

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

Bitdeer Technologies Group doesn’t file a US annual report (10-K), so we haven’t checked it.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.