Riley Reduces Its Price Target on Bitdeer Technologies (BTDR) to $29, Maintains “Buy” Rating

Bitdeer Technologies Group (NASDAQ:BTDR) is 1 of the overlooked tech stocks to put in.

On November 12, 2025, B. Riley’s Nick Giles reduced his terms people connected Bitdeer Technologies Group (NASDAQ:BTDR) from $32 to $29. However, the expert reiterated a “Buy” rating, attributing the affirmative stance to imaginable catalysts, specified arsenic the wide accumulation of the first-generation A4 spot successful Q1 2026 and upcoming HPC/AI declaration developments.

Meanwhile, 2 days prior, Bitdeer Technologies Group (NASDAQ:BTDR) reported its third-quarter 2025 results. The 4th marked beardown operational execution, with gross surging 173.6% year-over-year to $169.7 million, gross nett increasing to $40.8 million, and adjusted EBITDA hitting $43.0 million. The robust show was driven by higher self-mining hashrate and ratio gains. The institution closed the 4th with $246.2 cardinal successful registered crypto assets and $196.3 cardinal successful currency and equivalents.

The quarter’s show was led by the maturation successful self-mining operations, which offset declines successful unreality hashrate and wide hosting. Furthermore, SEALMINER sales, alongside aboriginal HPC/AI deployments, opened caller gross streams for the company. Bitdeer Technologies Group (NASDAQ: BTDR) saw its nett nonaccomplishment widen to $32.8 cardinal owed to accrued borrowing costs and operating expenses. However, absorption is eyeing semipermanent maturation opportunities successful AI unreality infrastructure and the wide accumulation of SEALMINER units.

Looking ahead, Bitdeer Technologies Group (NASDAQ:BTDR) remains successful a beardown presumption for semipermanent growth, boasting a 3.0 GW powerfulness portfolio and robust R&D pipeline, arsenic it looks to capitalize connected the increasing request for some Bitcoin mining and AI compute services.

Bitdeer Technologies Group (NASDAQ:BTDR) delivers Bitcoin mining solutions and AI unreality services, portion managing equipment, information centers, and operations. It besides offers high-performance computing infrastructure globally.

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