Added to YB: 2025-04-21
Pitch date: 2025-04-16
BTDR [bearish]
Bitdeer Technologies Group
-33.29%
current return
Author Info
No bio for this author
Company Info
Bitdeer Technologies Group operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, and Norway.
Market Cap
$2.2B
Pitch Price
$7.39
Price Target
N/A
Dividend
N/A
EV/EBITDA
-8.50
P/E
-2.48
EV/Sales
6.33
Sector
Software
Category
special_situation
Bitdeer: Red flags on top of a black box
BTDR short: Severe red flags at Bitcoin miner Bitdeer: 1) Ultra-opaque crypto revenue through related party Matrixport, used for money laundering per US govt; 2) Undisclosed Chinese relationships violating SPAC agreements; 3) $140M suspicious Desiweminer acquisition; 4) Byzantine corporate structure with balance-sheet insolvent key entities; 5) Checkered management history including SEC-barred employee.
Read full article (43 min)