• EN

    • -+ 0.00%
    -+ 0.00%
    -+ 0.00%

    Bitdeer Technologies Group (BTDR) After Strong September Update Still Looks Undervalued

    Simply Wall St·10/25/2026 02:31:36
    Listen to the news

    Bitdeer Technologies Group (BTDR) just posted its September 2026 operating update, reporting hash rate under management of 86.4 EH/s and Bitcoin production of 1,355, both far above last year’s levels.

    For all the operational momentum Bitdeer Technologies Group is showing, the share price tells a more cautious story. The stock is down 4.4% over the last session, 39.5% over the past month and year to date, and the 1 year total shareholder return has declined 70%. However, the 3 year total shareholder return remains positive at 84.1%, which points to long term holders sitting on gains while shorter term momentum has cooled sharply.

    Spot 55 AI infrastructure stocks that, like Bitdeer Technologies Group, are focusing on high performance computing and AI data centers as this theme gains attention.

    Bitdeer Technologies Group now trades near US$7 while the average analyst target sits above US$22. Where does a reasonable estimate of fair value actually land between those markers?

    Most Popular Narrative: 68% Undervalued

    On the most followed narrative, Bitdeer Technologies Group screens as heavily undervalued, with a fair value estimate of $21.52 against the last close near $7. That gap rests on a view that the business can turn high current spending on mining and infrastructure into much stronger future earnings power.

    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 47 investors see Bitdeer Technologies Group as 68% undervalued.

    The same valuation story leans on analysts modelling a 36.9% annual revenue growth rate and a shift from current losses toward a 12.1% profit margin over time, even though forecasts still show Bitdeer Technologies Group unprofitable over the next 3 years. It also assumes investors are willing to pay a future P/E of 35.2x on those projected 2029 earnings. This is higher than the current 25.4x multiple used for the wider US Software group in the narrative. Taken together, those inputs explain why the implied fair value of $21.52 sits far above the present share price while also carrying clear execution and forecasting risk.

    Result: Fair Value of $21.52 (UNDERVALUED)

    Still, that upside story for Bitdeer Technologies Group depends on reversing recent revenue pressure while managing heavy spending on R&D and large power projects.

    Find out about the key risks to this Bitdeer Technologies Group narrative.

    Next Steps

    Does the mixed tone on Bitdeer Technologies Group leave you confident or cautious? Act while the data is fresh and weigh both sides using 2 key rewards and 4 important warning signs

    Ready for more ideas beyond Bitdeer Technologies Group?

    If Bitdeer Technologies Group has your attention, do not stop your research here. Use the tools available and let quality screeners widen your opportunity set.