Bitdeer Technologies Group (BTDR) put fresh operating data in front of investors with its September 2026 production update, highlighting 86.4 EH/s of hash rate under management and 1,355 Bitcoins mined for the month.
Despite the stronger September metrics, Bitdeer Technologies Group’s recent share price performance has been weak. The stock fell 11.48% on the day of the latest close to US$6.71 and is down 39.11% on a 1 month share price return, contributing to a 41.90% decline on a year to date share price return, while the 1 year total shareholder return is down 69.77%, even though the 3 year total shareholder return remains positive.
Scan beyond Bitdeer Technologies Group and review a hand picked group of miners and related plays through the 18 cryptocurrency and blockchain stocks while this part of the market is under pressure.
Bitdeer Technologies Group just paired heavier hash power with a sharply lower share price. The next step is clear. Are you looking at a reset that still leaves upside ahead, or one where most of the rerating already happened?
Against the last close of $6.71, the most followed narrative pegs Bitdeer Technologies Group’s fair value at $21.52. This represents a wide gap that is linked to assumptions of large top line expansion and margin repair over time.
The planned ramp up to 40 exahash in self mining capacity by Q4 2025, leveraging newly developed ASICs and expanded power capacity, is expected to significantly increase Bitcoin production, thereby driving revenue and potentially improving margins due to economies of scale.
See why 51 investors see Bitdeer Technologies Group as 69% undervalued.
Result: Fair Value of $21.52 (UNDERVALUED)
Still, the Bitdeer Technologies Group story can break if high R&D spend, heavy capex and recent revenue softness linger longer than analysts currently assume.
Find out about the key risks to this Bitdeer Technologies Group narrative.
Mixed signals on Bitdeer Technologies Group so far. If you want to move quickly and build your own take, start with the 2 key rewards and 4 important warning signs.
Do not stop with Bitdeer Technologies Group. Use the Simply Wall St screener to explore additional opportunities that fit your style before the market reacts.
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