Bitdeer
Mines Bitcoin, sells SEALMINER rigs, hosts miners, and builds GPU cloud and colocation capacity.
Something off on this page? Send us feedback.
Profile
Mines Bitcoin for its own account, sells SEALMINER rigs, hosts customer miners, supplies cloud hash rate and GPU computing, and develops AI colocation capacity. Self-mining supplies most revenue, with results shaped by Bitcoin economics, electricity costs, and power-site execution.
Runs five businesses: mining Bitcoin for its own account; selling SEALMINER rigs and accessories; hosting customer miners; selling cloud hash-rate contracts; and supplying GPU cloud and AI colocation capacity. Self-mining produces most revenue, while proprietary SEAL chips and SEALMINER rigs connect semiconductor design with fleet deployment and third-party hardware sales.
Operates data centers across the United States, Norway, Bhutan, Ethiopia, and Malaysia, pairing power sites with mining and expanding AI workloads. Hosting customers pay for facility resources and management; AI cloud customers rent GPU computing capacity, while colocation tenants deploy their own equipment. Results depend on Bitcoin prices, network difficulty, block rewards, electricity costs, ASIC manufacturing, power availability, construction, and permits; AI cloud and colocation remain newer businesses.
Company facts
Categories
Key statistics
Year to date −10.7% · Average volume (30d) 14.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Barclays | Initiate | Overweight | $15 | ||
| Aug 11, 2026 | Coker Palmer | Target | $38 | $22 | ||
| Aug 11, 2026 | Needham | Reiterate | Buy | $22 | $20 | |
| Aug 5, 2026 | Cantor Fitzgerald | Upgrade | Neutral | Overweight | $10 | $18 |
| Aug 4, 2026 | Industrial Alliance Securities | Target | $20 | $23 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | −$0.36 | −$0.37 | −1.6% | $228.7M | $228.8M | 0.0% | −20.04% |
| May 14, 2026Q1 FY26 | −$0.47 | −$0.68 | −44.7% | $184.0M | $188.9M | +2.7% | −9.49% |
| Feb 12, 2026Q4 FY25 | −$0.15 | −$0.73 | −386.7% | $205.0M | $224.8M | +9.7% | −2.80% |
| Nov 10, 2025Q3 FY25 | −$0.22 | −$1.28 | −481.8% | $208.3M | $169.7M | −18.5% | −14.90% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $70.1M | $155.6M | $169.7M | $224.8M | $188.9M | $228.8M | |
| Gross profit | −$4.0M | $12.8M | $40.8M | $10.6M | −$39.0M | −$8.5M | |
| Operating income | −$98.5M | −$24.9M | $6.9M | −$78.8M | −$105.9M | −$101.7M | |
| Net income | $105.3M | −$147.7M | −$266.7M | $70.5M | −$159.5M | −$92.3M | |
| Diluted EPS | −$0.47 | −$0.76 | −$1.28 | −$0.73 | −$0.68 | −$0.37 | |
| Gross margin | -5.7% | 8.2% | 24.1% | 4.7% | -20.7% | -3.7% | |
| Operating margin | -140.4% | -16.0% | 4.0% | -35.1% | -56.1% | -44.5% |
Fiscal years (4-quarter sums)FY21 $394.7M · FY22 $333.3M · FY23 $368.6M · FY24 $349.8M · FY25 $620.3M
Revenue by product · FY24
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $494.1M · Total debt $1.95B · Total assets $3.45B · Shareholders' equity $1.10B
Dividends
No dividends on record.
Ownership
Shares outstanding 233.47M · Float 131.39M · 56.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Tether International, S.A. de C.V. | 37.73M | 19.70% | 13D | Jun 30, 2026 |
| Tether Holdings Limited | 30.07M | 20.10% | 13D | Jan 22, 2025 |
| Sunrise Partners Limited Partnership | 18.18M | 9.00% | 13G | Jun 18, 2026 |
| G1 Execution Services, LLC | 11.51M | 5.10% | 13G | Aug 14, 2026 |
| BlackRock, Inc. | 10.52M | 5.30% | 13G | Jul 27, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Haris Fozan Basit | officer: Chief Strategy Officer | +25,000 | $8.84 |
| Aug 12, 2026 | Michael G. Potter | officer: Chief Financial Officer | +25,000 | $9.04 |
Peers
- MARA
Large self-mining and energy-infrastructure peer with AI/HPC expansion
- IREN
Hybrid Bitcoin-mining and AI-cloud peer with renewable data centers
- CleanSpark
U.S. self-miner competing on power, fleet efficiency, and AI optionality
- Riot Platforms
Vertically integrated miner and data-center operator with AMD lease
- Cipher Digital
Bitcoin-mining operator turned contracted HPC data-center developer
- Canaan (ADR)
Public Avalon ASIC maker competing with SEALMINER hardware
- Applied Digital
AI/HPC data-center builder with crypto-mining hosting roots
- Hut 8
Power-first ASIC compute and AI infrastructure platform
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bitdeer | $10.32 | +0.10% | $2.41B | — | — | 3.0 | +47.1% |
| MARA | $10.68 | +0.19% | $4.07B | — | — | 5.1 | −26.7% |
| IREN | $35.60 | +0.46% | $12.65B | — | — | 16.7 | −26.8% |
| CleanSpark | $11.65 | −0.08% | $2.99B | — | — | 4.4 | −30.5% |
| Riot Platforms | $18.96 | −0.16% | $7.18B | — | — | 10.6 | +13.9% |
| Cipher Digital | $15.18 | +0.06% | $6.21B | — | — | 32.5 | −43.0% |
| Canaan (ADR) | $0.3877 | +0.73% | $178.5M | — | — | 0.4 | +11,243,048.8% |
| Applied Digital | $25.52 | +0.61% | $7.29B | — | — | 12.7 | +580.7% |
| Hut 8 | $79.75 | +0.41% | $8.94B | — | — | 30.8 | +81.4% |
| Median | — | — | 11.7 | −6.4% |