RankAlpha logo
Back to Rankings

BTDR

Bitdeer GroupC
Nasdaq / Software & Services
Last Price
Quote time unavailable
View Chart
Current thesis
Secured AI Cloud sites and the contracted Tydal lease provide identifiable delivery milestones. A201 offtake offers a nearer-term test of whether capacity can become revenue.
Posture
Mixed
Lead driver
Sentiment
What changed
3 setup hits (3d) with net bullish as of 2026-10-25.
What can break
A901 and A103 had no offtake commitments at their respective announcements; the quoted AI Cloud pipeline is not backlog or binding revenue [#PR-2026-10-08][#PR-2026-10-12].
Momentum
3
Value
45
Sentiment
74
Setup hits (3d)
3 · Net Bullish
AI TargetsBase $8.00 · Bull $13.00 · Bear $4.50Analysis 2026-10-17; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-17 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Bullish
Target $22.14
Why
Momentum3 · Δ7d +0.5
Value45 · Δ7d +0.5
Sentiment74 · Δ7d +12.9
So what
Balanced signals (Net Bullish). Wait for confirmation before sizing up.

Confirming evidence

  • • 3 setup hits (3d) with net bullish as of 2026-10-25.
  • • Sentiment remains the lead driver in the composite, 7D delta +12.9.

Contradictions & invalidation

  • • A901 and A103 had no offtake commitments at their respective announcements; the quoted AI Cloud pipeline is not backlog or binding revenue [#PR-2026-10-08][#PR-2026-10-12].
  • • Bitcoin price, mining difficulty and energy costs can overwhelm progress in the still-developing AI businesses.
  • • Q2 revenue rose to $228.8 million, but costs exceeded revenue, producing an $8.5 million gross loss and $92.3 million net loss; management cited electricity and depreciation among cost pressures [#PR-2026-08-10].

Catalyst clock

2026-12-31

Tydal phase-one commencement

Lead driver: Sentiment · See AI snapshot
Momentum
3
8% active weight
Current posture
7d trendImproving
Δ7d
+0.5
Δ21d
-32.3
Value
45
47% active weight
Current posture
7d trendFlat
Δ7d
+0.5
Δ21d
+1.2
Sentiment
74
45% active weight
Current posture
7d trendImproving
Δ7d
+12.9
Δ21d
+11.2
Why this grade

Composite grade C. Momentum 2.7 / Value 44.8 / Sentiment 74.4

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-17. Scenario method

B+
Bull case
25%
Probability
Target price
$13.00
Analysis reference price unavailable
Analysis 2026-10-17 · RankAlpha Sentiment Codex
Most likely
B
Base case
45%
Probability
Target price
$8.00
Analysis reference price unavailable
Analysis 2026-10-17 · RankAlpha Sentiment Codex
B-
Bear case
30%
Probability
Target price
$4.50
Analysis reference price unavailable
Analysis 2026-10-17 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$1.89B
Beta
2.33
Shares Out
271.78M
P/E (TTM) · Derived
21.7
P/S (TTM)
5.05
P/FCF (TTM) · Derived
-0.79
Rev YoY
+47.1%
EPS YoY
+15.4%
Gross Margin
+0.5%
Op Margin
-30.0%
Net Debt
$922.6M
Current Ratio
1.01
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data