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

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

On November 12, 2025, B. Riley’s Nick Giles reduced his price target on Bitdeer Technologies Group (NASDAQ:BTDR) from $32 to $29. However, the analyst reiterated a “Buy” rating, attributing the positive stance to potential catalysts, such as the mass production of the first-generation A4 chip in Q1 2026 and upcoming HPC/AI contract developments.

Meanwhile, two days prior, Bitdeer Technologies Group (NASDAQ:BTDR) reported its third-quarter 2025 results. The quarter marked strong operational execution, with revenue surging 173.6% year-over-year to $169.7 million, gross profit growing to $40.8 million, and adjusted EBITDA hitting $43.0 million. The robust performance was driven by higher self-mining hashrate and efficiency gains. The company closed the quarter with $246.2 million in registered crypto assets and $196.3 million in cash and equivalents.

The quarter’s performance was led by the growth in self-mining operations, which offset declines in cloud hashrate and general hosting. Furthermore, SEALMINER sales, alongside early HPC/AI deployments, opened new revenue streams for the company. Bitdeer Technologies Group (NASDAQ: BTDR) saw its net loss widen to $32.8 million due to increased borrowing costs and operating expenses. However, management is eyeing long-term growth opportunities in AI cloud infrastructure and the mass production of SEALMINER units.

Looking ahead, Bitdeer Technologies Group (NASDAQ:BTDR) remains in a strong position for long-term growth, boasting a 3.0 GW power portfolio and robust R&D pipeline, as it looks to capitalize on the growing demand for both Bitcoin mining and AI compute services.

Bitdeer Technologies Group (NASDAQ:BTDR) delivers Bitcoin mining solutions and AI cloud services, while managing equipment, data centers, and operations. It also offers high-performance computing infrastructure globally.

While we acknowledge the potential of BTDR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BTDR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Small-Cap Biotech Stocks to Buy According to Analysts and 11 Best AI Infrastructure Stocks to Buy Right Now.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

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We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

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