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Markets · Investing · Business
Finance
Why Investors Were Cold on Bitdeer Technologies Stock This Week
The company had a busy Monday, announcing both its latest quarterly results and plans to sell more equity.
Bitdeer Technologies Group(NASDAQ: BTDR), one of a clutch of cryptocurrency mining companies attempting to lean into its data center operations business, reported earnings earlier this week. The company missed analyst estimates on both the top and bottom lines; what's more, it announced a potentially huge secondary share issue.
Neither of these developments did the stock any favors. It was down by almost 20% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.
Details
On Monday, Bitdeer both published its second-quarter figures and announced that aim to raise equity.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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