Billionaire Stephen Mandel’s 10 Stocks with Huge Upside Potential

4. Bitdeer Technologies Group (NASDAQ:BTDR)

% holding in portfolio: 0.51%

Upside Potential: 94.68%

Headquartered in Singapore, Bitdeer Technologies Group (NASDAQ:BTDR) specializes in providing digital asset mining solutions, cloud hash rate services, and mining machine hosting. Competitors like Marathon Digital Holdings intensify rivalry in the market. However, with leveraged partnerships, mining expertise, and up-to-date technologies, the company optimizes Bitcoin production efficiency, thus gaining a strong foothold in the industry. Its operational flexibility across Asia, North America, and Europe increases the company’s resilience against regulatory shifts. Amid the volatile nature of the cryptocurrency markets, the company ensures consistency in its revenue stream through its vertically integrated business model.

Bitdeer Technologies Group (NASDAQ:BTDR) makes up 0.51% of Mandel’s portfolio, demonstrating an early bet by the billionaire on digital asset infrastructure. The April 2024 halving and higher global network cash rate have impacted the revenue in Q4 2024, causing a decline to $69 million. On the other hand, the company is prioritizing the development of its own ASIC technology, which is expected to allow for differentiation and offer a notable cost advantage. For 2025, the company intends to focus on multiple key areas. This includes energizing Bitdeer’s SEALMINER A1s and continuing chip roadmap execution on SEALMINER A2 and A3.

With a 94.68% upside potential, Bitdeer Technologies Group (NASDAQ:BTDR) earns its way into our list of best billionaire stocks from Stephen Mandel’s portfolio. The considerable growth in blockchain technology makes stock attractive for income-seeking investors.