Bitdeer Technologies Group Class A (BTDR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bitdeer Technologies Group Class A stock $8.08, price $6.02, upside +34.3%, quality 18 out of 100. Rating: undervalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $2.93 – $26.10 · fair‑value band $6.06 – $10.10 · the $6.02 price screens below the $8.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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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.
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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.
Stock analysis
Bitdeer Technologies Group Class A (BTDR) currently trades at $6.02, while our model-based Fair Value estimate is $8.08, implying the stock looks roughly 26% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $10.56 per share, and 6 of the 9 models we run sit above the $6.02 price.
Bear case: the Asset-Based group reads lowest at $2.18, and 3 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: $6.06 (bear) to $10.10 (bull), the price of $6.02 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 18/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Bitdeer Technologies Group Class A Ordinary Shares reported revenue of $620M in FY2025 versus $395M in FY2021, a compound +12.0%/yr. Reported net income was $65.6M in FY2025, compounding −5.6%/yr from FY2021.
Key figures
Market cap $1.9B Small · P/S ratio 2.33 · EPS (TTM) $−2.59 · Net margin 10.6% · Return on equity −25.3% · Return on assets (EBIT) −1.9% (5-year average) · Operating margin −34.9% · Revenue (TTM) $812M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 14 out of 100 (low confidence).
What moves the price
The share trades about 73% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 34%, BTDR screens cheaper than that median.
Fair Value models
Bear$6.06Fair Value $8.08Bull$10.10
Price $6.02 · Upside +34.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 2 officers or directors bought shares worth $447,000, most recently on Aug 14, 2026. Buying cluster
BuyHaris Fozan BasitChief Strategy Officer25,000 shares at $8.84$221,000Aug 14, 2026
BuyMichael G PotterChief Financial Officer25,000 shares at $9.04$226,000Aug 12, 2026
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+77.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.2%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+38.3%
’19
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’21
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
−23.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−23.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−34% → −30%
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: Bitdeer's main strength is the rapid securing of new AI data-center capacity backed by a large cloud pipeline, while its main weak point remains weak cash conversion paired with immediate weekly bitcoin sales and zero treasury holdings.
Main risk: Ongoing bitcoin mining volatility risks overshadowing returns from the new data-center contracts by continuing to dominate overall business results.
Bitdeer is securing a third Malaysian AI campus under a ten-year agreement for 67MW, lifting total secured capacity to 273.5MW or 78 percent of the 350MW target set for early 2028 while its active cloud pipeline tops 10 billion dollars. At the same time the company produces bitcoin and sells every coin each week, leaving treasury holdings at zero. Our models currently see it as overvalued. Will the new data-center contracts generate reliable returns before mining volatility continues to shape results?
Compare Bitdeer Technologies Group Class A Ordinary Shares with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 630 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score18 · Bottom 25%
Fair Value upside+34.3% · Above median
Profitability
Return on assets2.3% · Below median
Net margin (12 months)−28.1% · Bottom 25%
Operating margin (12 months)−34.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)47.1% · Top 25%
Balance sheet
Debt / equity0.29× · Highest 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Bitdeer Technologies Group Class A Ordinary Shares Fair Value". https://www.fairvalue-calculator.com/stock/BTDR
Frequently asked questions
Is Bitdeer Technologies Group Class A (BTDR) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $8.08 versus a price of $6.02, about +34% upside (undervalued).
What is the fair value of BTDR?
Our model-based fair value for Bitdeer Technologies Group Class A is $8.08 (as of Nov 6, 2026), built from audited fundamentals. The current price: $6.02.
What is the quality score of BTDR?
Bitdeer Technologies Group Class A has a Quality Score of 18/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bitdeer Technologies Group Class A (BTDR)?
Our model-based price target is the fair value of $8.08 (as of Nov 6, 2026) from 9 valuation models. Cautious scenario $6.06, optimistic scenario $10.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Bitdeer Technologies Group Class A Ordinary Shares stock forecast for 2026?
Our models put fair value at $8.08, about +34% upside versus a price of $6.02 (undervalued). Cautious scenario $6.06, optimistic scenario $10.10. The calculation is refreshed regularly with new filings.
What is the revenue of Bitdeer Technologies Group Class A (BTDR)?
Bitdeer Technologies Group Class A reported trailing-twelve-month revenue of about $812M (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of Bitdeer Technologies Group Class A (BTDR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bitdeer Technologies Group Class A it is $8.08 per share (as of Nov 6, 2026), against a price of $6.02. It is the blended result of 9 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Bitdeer Technologies Group Class A Ordinary Shares stock overvalued or undervalued in 2026?
As of Nov 6, 2026, BTDR trades below its calculated fair value: price $6.02, fair value $8.08, a gap of about +34% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BTDR?
No. The price is what the market pays today ($6.02); the fair value is what the company's own numbers justify ($8.08). For Bitdeer Technologies Group Class A the two are $2.07 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bitdeer Technologies Group Class A Ordinary Shares worth?
The market values Bitdeer Technologies Group Class A at about $1.9B (market capitalisation, as of Nov 6, 2026). Per share that is $6.02; our models calculate a fair value of $8.08 per share.
What do the bullish and bearish scenarios say about BTDR?
Our models span a range for Bitdeer Technologies Group Class A: cautious scenario $6.06, base $8.08, optimistic $10.10 per share (as of Nov 6, 2026, price $6.02). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bitdeer Technologies Group Class A (BTDR)?
Balance-sheet figures for Bitdeer Technologies Group Class A (as of Nov 6, 2026): return on equity −25.3%, debt of 0.29 per unit of equity. They feed the Quality Score of 18/100, which measures business quality independently of the share price.
How far is BTDR from its 52-week high?
Bitdeer Technologies Group Class A trades at $6.02, about 73% below its 52-week high of $21.99 and 13% above the low of $5.31 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $8.08 is for.
Which stocks are comparable to Bitdeer Technologies Group Class A Ordinary Shares?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bitdeer Technologies Group Class A Ordinary Shares stock attractive at the current price?
The data as of Nov 6, 2026: price $6.02, calculated fair value $8.08 (+34%), Quality Score 18/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BTDR calculated?
We run Bitdeer Technologies Group Class A through 9 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $8.08 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Bitdeer Technologies Group Class A currently trades 26% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bitdeer Technologies Group Class A (BTDR)?
The closing price on Nov 6, 2026 was $6.02. Our model-based fair value is $8.08, about +34% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bitdeer Technologies Group Class A Ordinary Shares right now?
The large discount to fair value meets weak quality (18/100). That raises the risk this is a value trap rather than a bargain. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Bitdeer Technologies Group Class A
How large is the market capitalisation of Bitdeer Technologies Group Class A (BTDR)?
The market capitalisation of Bitdeer Technologies Group Class A is $1.9B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bitdeer Technologies Group Class A (BTDR)?
The price-to-sales ratio of Bitdeer Technologies Group Class A is 2.33 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bitdeer Technologies Group Class A (BTDR)?
Earnings per share at Bitdeer Technologies Group Class A are $−2.59. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bitdeer Technologies Group Class A (BTDR)?
The net margin of Bitdeer Technologies Group Class A is 10.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bitdeer Technologies Group Class A (BTDR)?
The return on equity (ROE) of Bitdeer Technologies Group Class A is −25.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bitdeer Technologies Group Class A (BTDR)?
On an EBIT basis the return on assets of Bitdeer Technologies Group Class A is −1.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bitdeer Technologies Group Class A (BTDR)?
The operating margin of Bitdeer Technologies Group Class A is −34.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bitdeer Technologies Group Class A (BTDR)?
Revenue at Bitdeer Technologies Group Class A is growing +47.1% versus a year earlier (3y avg +23.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Bitdeer Technologies Group Class A (BTDR) generate?
The free cash flow of Bitdeer Technologies Group Class A is −$2.0B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Bitdeer Technologies Group Class A (BTDR) carry?
The net debt of Bitdeer Technologies Group Class A is $1.0B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 6, 2026
