New Risk • Aug 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.1b free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$252m net loss in 2 years). Reported Earnings • Aug 11
Second quarter 2026 earnings released: US$0.38 loss per share (vs US$0.76 loss in 2Q 2025) Second quarter 2026 results: US$0.38 loss per share (improved from US$0.76 loss in 2Q 2025). Revenue: US$228.8m (up 47% from 2Q 2025). Net loss: US$92.3m (loss narrowed 38% from 2Q 2025). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Announcement • Aug 01
Bitdeer Technologies Group to Report Q2, 2026 Results on Aug 10, 2026 Bitdeer Technologies Group announced that they will report Q2, 2026 results at 7:00 AM, US Eastern Standard Time on Aug 10, 2026 Announcement • Jul 06
Bitdeer Technologies Group Announces Resignation of Chao Suo as A Member of the Company’S Board of Directors and A Member of the Compensation Committee of the Board, Effective on July 31, 2026 Bitdeer Technologies Group announced that Ms. Chao Suo has tendered her resignation as a member of the Company’s board of directors (the “Board”) and a member of the compensation committee of the Board, effective on July 31, 2026. Ms. Suo’s resignation was due to personal reasons. Announcement • Jun 09
Bitdeer Technologies Group Announces Management Changes, Effective June 8, 2026 Bitdeer Technologies Group announced that Ms. Chao Suo had tendered her resignation as the Chief Operating Officer and Mr. Linghui Kong had tendered his resignation as the Chief Business Officer of the Company, in each case effective June 8, 2026. The resignation of each of Ms. Suo and Mr. Kong was due to personal reasons and was not the result of any dispute or disagreement with the Company on any matter relating to the Company's operations, policies or practices. Each of Ms. Suo and Mr. Kong will continue to serve the Company. Announcement • May 29
Bitdeer Technologies Group Announces Chief Financial Officer Changes Bitdeer Technologies Group announced that Mr. Jianchun Liu had tendered his resignation as the Chief Financial Officer of the company, effective on June 30, 2026. Mr. Liu's resignation was due to personal reasons and was not the result of any dispute or disagreements with the Company on any matter relating to the Company's operations, policies or practices. Mr. Liu would continue to serve as Chief Financial Officer through June 30, 2026 to ensure an orderly transition, after which Mr. Liu would remain with the Company in the role of principal advisor. The board of directors of the Company has approved the appointment of Mr. Michael G. Potter to serve as the Chief Financial Officer of the Company, effective on May 26, 2026. Prior to joining the Company, Mr. Potter served as the chief financial officer of Corsair Gaming Inc. from November 2019 to December 2025, where he was a leader for the company's initial public offering in September 2020 and oversaw multiple capital markets transactions. From 2016 to 2019, Mr. Potter worked as a business consultant, including interim chief financial officer work and advising a large pension fund. Mr. Potter served as the senior vice president, chief financial officer and chief legal officer of Canadian Solar Inc. from July 2011 to May 2016. Prior to that, Mr. Potter held multiple chief financial officer roles in the semiconductor industry, including at Lattice Semiconductor Corporation from 2009 to 2011, at NeoPhotonics Corporation from 2007 to 2009 and at STATS ChipPAC Ltd. from 2000 to 2007. Mr. Potter also served as a board member and audit committee chair of Cordelio Power from 2018 to March 2026 and a board member of Canadian Solar from 2007 to 2013. Mr. Potter obtained a graduate diploma of public accountancy from McGill University and a bachelor of commerce in accounting from Concordia University. Mr. Potter is a chartered professional accountant in Quebec, Canada. Reported Earnings • May 20
First quarter 2026 earnings released: US$0.68 loss per share (vs US$2.15 profit in 1Q 2025) First quarter 2026 results: US$0.68 loss per share (down from US$2.15 profit in 1Q 2025). Revenue: US$188.9m (up 169% from 1Q 2025). Net loss: US$159.5m (down 139% from profit in 1Q 2025). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Announcement • May 03
Bitdeer Technologies Group to Report Q1, 2026 Results on May 14, 2026 Bitdeer Technologies Group announced that they will report Q1, 2026 results at 7:00 AM, US Eastern Standard Time on May 14, 2026 Announcement • Apr 09
Bitdeer Technologies Group Launches Sealminer A4 Series Bitcoin Mining Rigs Bitdeer Technologies Group announced the launch of its latest self-developed mining machines, the SEALMINER A4 series. This generation integrates Bitdeer's proprietary SEAL04 chips, leveraging advanced process nodes to set competitive benchmarks in performance. The launch marks the successful fulfillment of Bitdeer’s previously announced technology roadmap, underscoring its commitment to long-term R&D objectives. The new series includes three models designed for diverse deployment environments: the air-cooling A4 Pro Air, and two hydro-cooling models, the A4 Pro Hydro and A4 Ultra Hydro. Key specifications for SEALMINER A4 series: · A4 Ultra Hydro: 9.45 J/TH | 886 TH/s | 8372.7 W · A4 Pro Hydro: 10.9 J/TH | 680 TH/s | 7412 W · A4 Pro Air: 10.9 J/TH | 336 TH/s | 3662.4 W Achieving a technical milestone of 9.45 J/TH, the A4 series is designed to enhance energy efficiency and assist operators in managing overhead. Beyond energy metrics, the lineup is engineered for consistent machine stability. Its hardware architecture is optimized for large-scale operations, aiming to improve uptime and reduce operational interruptions. Furthermore, the series maintains the SEALMINER brand’s signature low-noise profile. The advanced hydro-cooling system enables efficient thermal management, facilitating reliable performance even in high-density environments. Note: Product performance may vary by ±5% in power efficiency and ±10% in hashrate and power consumption. Final specifications are based on the delivered units. Announcement • Feb 19
Bitdeer Technologies Group has filed a Follow-on Equity Offering. Bitdeer Technologies Group has filed a Follow-on Equity Offering.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Transaction Features: Registered Direct Offering Announcement • Feb 05
Bitdeer Technologies Group to Report Q4, 2025 Results on Feb 12, 2026 Bitdeer Technologies Group announced that they will report Q4, 2025 results at 7:00 AM, US Eastern Standard Time on Feb 12, 2026 Board Change • Dec 30
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Guang Yang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 05
Holzer & Holzer, LLC Announces Lawsuit Filed Against Bitdeer Technologies Group Holzer & Holzer, LLC announced a shareholder class action lawsuit has been filed against Bitdeer Technologies Group. The lawsuit alleges that Court made materially false and/or misleading statements and/or failed to disclose material adverse information, including investigations that Court failed to disclose that the SEAL04 chip projected to have a chip-level energy efficiency of 5 J/TH would be ready for use in the A4 rigs with an expected mass production to begin in the second quarter 2025. If purchased shares of Bitdeer between June 6, 2024 and November 10, 2025, and experienced a significant loss on that investment, are encouraged to discuss legal rights by contacting Corey D. Holzer, Esq. at Holzer & Holzer, LLC. The deadline to ask the court to be appointed lead plaintiff in the case is February 2, 2026. Announcement • Nov 13
Bitdeer Technologies Group has filed a Follow-on Equity Offering in the amount of $148.616292 million. Bitdeer Technologies Group has filed a Follow-on Equity Offering in the amount of $148.616292 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,661,140
Price\Range: $13.94
Transaction Features: Registered Direct Offering Announcement • Oct 30
Bitdeer Technologies Group to Report Q3, 2025 Results on Nov 10, 2025 Bitdeer Technologies Group announced that they will report Q3, 2025 results at 7:00 AM, US Eastern Standard Time on Nov 10, 2025 Announcement • Sep 17
Bitdeer Technologies Group Launches Sealminer A3 Series Bitcoin Mining Machines Achieves Power Efficiency of 12.5 J/Th Bitdeer Technologies Group announced the launch of its newest self-developed Bitcoin mining machines, the SEALMINER A3 series. The latest iteration of the SEALMINER, the A3 series, includes four models: the air-cooling models (A3 Air, A3 Pro Air) and the hydro-cooling models (A 3 Hydro, A3 Pro Hydro). Notably, the SEALMINER A 3 Pro Hydro stands out with an impressive hashrate of 660 TH/s. Key specifications for SEALMINER A3 series: A3 Pro Hydro: Power Efficiency of 12.5 J/TH +-5%, Hashrate of 660 TH/s, Power consumption of (7875W - 8625W) +-10%. A3 Air: Power Efficiency of 14 J/TH +-5, Hashrate of 260 TH/s, Power Consumption of (3360W - 3920W) +-10%. The SEALMINER A3 series maintains the signature low-noise feature of the SEALMINER while significantly reducing power consumption per unit of hashrate. This advancement enhances the energy efficiency and environmental sustainability of the mining process, leading to lower operational costs for miners. Moreover, its increased hashrate fulfills the requirements for large-scale mining operations, offering strong support in computational capabilities. Bitdeer remains committed to enhancing transparency and efficiency in the mining industry through research and development investments and technological innovations, providing the industry with efficient and reliable mining solutions. Bitdeer will continue to uphold the principles of "Innovation, Efficiency, and Stability", offering global miners higher-quality and more reliable products and services. Announcement • Aug 04
Bitdeer Technologies Group to Report Q2, 2025 Results on Aug 18, 2025 Bitdeer Technologies Group announced that they will report Q2, 2025 results at 7:00 AM, US Eastern Standard Time on Aug 18, 2025 Announcement • May 30
Bitdeer Technologies Group (NasdaqCM:BTDR) announces an Equity Buyback for $40 million worth of its shares. Bitdeer Technologies Group (NasdaqCM:BTDR) announces a share repurchase program. Under the program, the company will repurchase up to $40 million worth of its class A ordinary shares. The program will be valid till May 29, 2026. Announcement • May 01
Bitdeer Technologies Group to Report Q1, 2025 Results on May 15, 2025 Bitdeer Technologies Group announced that they will report Q1, 2025 results at 7:00 AM, US Eastern Standard Time on May 15, 2025 Announcement • Mar 10
Bitdeer Technologies Group Completes Testing of Its Latest Seal03 Bitcoin Mining Chip Bitdeer Technologies Group announced the successful testing of its latest Bitcoin mining chip, SEAL03, following tape-out. An exceptional power efficiency ratio of 9.7J/TH - while running at low voltage, ultra power-saving mode - was indicated in the SEAL03 chip's verification and prototype tests, achieving its performance target as outlined in the SEALMINER technology roadmap. SEAL03 uses one of the most advanced process nodes in partnership with TSMC, a semiconductor foundry. SEAL03 will be integrated into the Company's upcoming SEALMINER A3 series mining machines, with mass production scheduled to commence in the latter half of this year. Additionally, R&D work on the upcoming SEAL04 chip is ongoing in line with the Company's product release roadmap. With a full-fledged team of professional R&D engineers, Bitdeer will continue to work alongside its customers in contributing to the security of the Bitcoin decentralized network. Announcement • Mar 06
Bitdeer Technologies Group Announces Board Changes Bitdeer Technologies Group announced that Mr. Jianchun Liu has resigned as a member of the Company's board of directors (the Board"), effective on March 3, 2025. Mr. Liu's resignation was due to personal reasons and was not the result of any dispute or disagreements with the Company on any matter relating to the Company's operations, policies or practices. He will continue to serve as the Chief Financial Officer of the Company. To fill the vacancy created by Mr. Liu's resignation, the Board approved the appointment of Mr. Lars Eivind Haugnes Naas (Mr. Naas") to serve as a director of the Company, with immediate effect. Mr. Naas is the founder, Chairman of the board of directors, and CEO of TROLL HOUSING AS, as well as founder and member of the board of directors of TYDAL DATA CENTER AS. Announcement • Mar 01
Bitdeer Technologies Group (NasdaqCM:BTDR) announces an Equity Buyback for $20 million worth of its shares. Bitdeer Technologies Group (NasdaqCM:BTDR) announces a share repurchase program. Under the program, the company will repurchase up to $20 million worth of its class A ordinary shares. The purpose of the program is to minimize the impact on company's share price and generate greater long-term returns for company's shareholders. The Company plans to fund repurchases from its existing cash balance. The program will be valid till February 28, 2026. Announcement • Feb 11
Bitdeer Technologies Group to Report Q4, 2024 Results on Feb 25, 2025 Bitdeer Technologies Group announced that they will report Q4, 2024 results at 7:00 AM, US Eastern Standard Time on Feb 25, 2025 Announcement • Feb 05
Bitdeer Technologies Group (NasdaqCM:BTDR) acquired 101-MW Opal Natural Gas-fired Power Project from Kiwetinohk Energy Corp. (TSX:KEC) for $21 million. Bitdeer Technologies Group (NasdaqCM:BTDR) acquired 101-MW Opal Natural Gas-fired Power Project from Kiwetinohk Energy Corp. (TSX:KEC) for $21 million on February 4, 2025.
Bitdeer Technologies Group (NasdaqCM:BTDR) completed the acquisition of 101-MW Opal Natural Gas-fired Power Project from Kiwetinohk Energy Corp. (TSX:KEC) for $21 million on February 4, 2025. Announcement • Jan 22
Bitdeer Technologies Group Appoints Yuling Ma as the Chief Technology Officer Bitdeer Technologies Group announced that on January 19, 2025, the board of directors approved the appointment of Ms. Yuling Ma to serve as the Chief Technology Officer of the Company, with immediate effect. Ms. Ma is a seasoned technology executive with extensive international experience. She has a proven history of driving technological innovation, program development, and strategic planning. Throughout her career, she has successfully led global teams and played a key role in the development of cutting-edge advertising technology platforms. In her new role at the Company, Ms. Ma will oversee the Company’s technology strategy, leading the development and launch of software products and services. Reporting directly to the Chief Executive Officer, she will collaborate closely with the management team to ensure that Company remains a global leader in technological advancements. Her leadership and vision are expected to accelerate innovation and fuel the Company’s global growth. Announcement • Jan 16
Bitdeer Technologies Group Introduces Remine: A New Feature for Transferring Idle Mining Machine Orders and Related Rights and Benefits Bitdeer Technologies Group launched its new feature, "ReMine," which offers a transparent transfer market for Bitdeer mining machine buyers and sellers. "ReMine" uses a peer-to-peer model crafted to meet users' needs for purchasing and transferring mining machines and related rights and benefits provided by Bitdeer. It enables flexible transfer of SEALMINER orders, SEALMINER priority purchase rights, and relevant rights and benefits. ReMine aims to provide users with a quick and hassle-free platform so that users can focus on what really matters: maximizing their mining potential. Board Change • Dec 30
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). CFO, Head of Business Operations & Director Jianchun Liu is the most experienced director on the board, commencing their role in 2023. Independent Director Sheldon Trainor-DeGirolamo was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.