WEBULL

Bitdeer Technologies Group (BTDR) Valuation After SEAL04 ASIC Lawsuits and Rising R&D Setbacks

Simply Wall St · 2d ago

Bitdeer Technologies Group (BTDR) is back in the spotlight after fresh class action filings accused the company of misleading investors about its SEAL04 ASIC chip timeline and efficiency, linking those disclosures to recent stock losses.

See our latest analysis for Bitdeer Technologies Group.

The legal overhang is landing on a stock that was already under pressure, with a roughly 46 percent 1 month share price return and steep year to date share price losses. However, the 3 year total shareholder return remains positive, suggesting long term holders are still slightly ahead despite fading recent momentum.

If Bitdeer’s volatility has you rethinking concentration risk, it could be a good moment to scan other high growth tech and AI names using high growth tech and AI stocks.

With shares down sharply this year but trading at a hefty discount to analyst targets despite rapid top line growth and mounting legal risks, is Bitdeer now mispriced volatility, or is the market already discounting any future upside?

Most Popular Narrative: 66.1% Undervalued

With Bitdeer last closing at $11.81 versus a most popular narrative fair value of $34.79, the gap in expectations is striking and demands context.

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.

Read the complete narrative.

Curious how aggressive revenue growth, shifting margins, and a future earnings multiple usually reserved for mature software leaders all combine into that target price? Explore which bold profitability and valuation assumptions power this fair value and how they describe Bitdeer potentially moving from today’s heavy losses to a more scaled earnings profile.

Result: Fair Value of $34.79 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, recent revenue declines and heavy R&D and capex needs mean execution missteps or delayed ASIC monetization could quickly unravel the bullish thesis.

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

Build Your Own Bitdeer Technologies Group Narrative

If this outlook does not quite fit your own view, you can dive into the numbers, test your assumptions, and build a tailored story in minutes, Do it your way.

A great starting point for your Bitdeer Technologies Group research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.