Bitdeer Technologies Group (BTDR)

Nasdaq: BTDR · Finance Services · Singapore · filing with the SEC since 2021

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Grade5.3

◀ Past 6.9● Present 4.2▶ Future 4.3

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Bitdeer Technologies Group

Nine metrics read from its own filings, by tense

Headline grade

5.3/10

◀ Past6.940% of the headline

● Present4.235% of the headline

▶ Future4.325% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.9/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

8.4/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 45% of this tense · 84th percentile among 130 sector filers · read for itself

From the record

Bitdeer Technologies Group's filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

4.7/10

What has it actually done, year after year?

+15.4% a year over 5 filed years; profitable in 1 of 5.

weight 22% of this tense · 47th percentile among 104 sector filers · read for its customers

From the record

Bitdeer Technologies Group's 5 filed years say what it did: revenue went from $186 million in fiscal 2020 to $331 million in fiscal 2024, up 15.4% a year; it rose in 2 of 4 years; the deepest fall was 16% from fiscal 2021 to fiscal 2022; net income was positive in 1 of 5 of those years (its annual reports).

What it rests on

revenue growth over the filed span15.4%bottom 46% of its family
the share of years revenue rosebottom 36% of its family
the share of filed years with a profitbottom 40% of its family
the deepest fall from a revenue peak16.3%top 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

6.4/10

How has it treated the people who own it?

SI estimate 6.4/10, confidence 35 of 100 (one part).

weight 33% of this tense · 64th percentile among 115 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the top 36% of 115 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 115 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Bitdeer Technologies Group's shareholder treatment is put at 6.4 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 36% of 115 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.2/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

3.3/10

Is it financially healthy right now?

ROE -217%: lost 217¢ per shareholder dollar. Leverage 82%: owes 82¢ per asset dollar.

weight 45% of this tense · 33rd percentile among 117 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Bitdeer Technologies Group lost about 217 cents for every dollar of shareholders' money, and gross profitability: its products earned about 4 cents per dollar of everything the company owns. Leverage: it owed about 82 cents per dollar of assets, and net share issuance: its share count grew 24.4% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 22% of its family
return on equitybottom 9% of its family
gross profit against assetstop 48% of its family
the share count against the year beforebottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

4.5/10

How strong is its position in its industry?

bottom 45% of 114 in its family; net margin -181%.

weight 33% of this tense · 45th percentile among 114 sector filers · read for its customers

From the record

Bitdeer Technologies Group's standing among 114 graded names in its industry family: revenue of $331 million in fiscal 2024 ranks in the top 32% by size; a net margin of -181% ranks in the bottom 35%; revenue growth of -5.7% a year over the last 3 filed years ranks in the bottom 33% (its annual reports).

What it rests on

revenue against the family$331Mtop 32% of its family
net margin-181.0%bottom 35% of its family
three-year revenue growth-5.7%bottom 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.5/10

What are the people in charge doing?

SI estimate 5.5/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 74 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 74 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 74 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Bitdeer Technologies Group's leadership is put at 5.5 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 74 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.3/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed

5.8/10

How much room does it have to grow?

top 42% of 108 in its family for room to expand.

weight 33% of this tense · 58th percentile among 108 sector filers · read for itself

From the record

Bitdeer Technologies Group's room to grow, from the newest filed statements (fiscal 2024): cash of $476 million against no long-term debt tagged leaves 30.6% of its assets as net cash, top 14% of its family; a gross margin of 20.1% (bottom 30%); research spending of 23.2% of revenue (top 42%) (its annual report).

What it rests on

cash less debt against assets30.6%top 14% of its family
gross margin20.1%bottom 30% of its family
research spending against revenue23.2%top 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

4.4/10

What could actually drive growth from here?

bottom 44% of 100 in its family for growth drivers.

weight 33% of this tense · 44th percentile among 100 sector filers · read for its customers

From the record

Bitdeer Technologies Group's growth drivers, from the filed years to fiscal 2024: revenue grew -5.7% a year over the last three filed years against 15.4% over all 5, slowing (bottom 25% of its family); the newest year grew -10% (bottom 23%); research spending grew 37.6% a year (top 27%); capital spending grew 23.9% a year (top 44%) (its annual reports). Bitdeer Technologies Group tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-21.1 points a yearbottom 25% of its family
the newest year's revenue growth-10.0%bottom 23% of its family
three-year growth of research spending37.6%top 27% of its family
three-year growth of capital spending23.9%top 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

2.6/10

Did its newest year beat what its own record pointed to?

bottom 26% of 78 in its family for expectations against reality.

weight 33% of this tense · 26th percentile among 78 sector filers · read for its shareholders

From the record

Bitdeer Technologies Group's newest year against its own record: revenue of $331 million in fiscal 2024 came in 6.8% below the $355 million its prior three years' pace pointed to (bottom 42% of its family); net income of $599 million against a prior three-year average of $11 million (bottom 12%); a net margin of a loss larger than its revenue against -4.2% before (bottom 24%) (its annual reports).

What it rests on

revenue against the prior three years' pace-6.8%bottom 42% of its family
net income against the prior three years' averagefive times below its prior average or morebottom 12% of its family
net margin against its prior averagedown more than 100 pointsbottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BTDR · research, not advice