Bitdeer Technologies slides on planned $1 billion share sale, wider Q2 loss
10/08/2026 16:37
BUZZ-Bitdeer Technologies slides on planned $1 billion share sale, wider Q2 loss ** Bitdeer Technologies BTDR.O shares slide 16.4% to $9.10 after the bitcoin mining and AI infrastructure company unveils up to $1 billion potential share sale
** BTDR's at market issuance sales agreement will be handled by more than 10 Wall Street banks, including Barclays and Cantor
** Also posts wider Q2 net loss of $92.3 mln vs year-ago $62.9 mln
** Had 271.8 mln outstanding ordinary shares, as of June 30, per prospectus
** 12 of 13 brokerages rate the stock "buy" or higher and 1 "hold"; median PT $23 - data compiled by LSEG
** As of last close, BTDR stock down 2.9% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)