Mirabella Financial Services LLP Takes Position in Bitdeer Technologies Group (NASDAQ:BTDR)

Mirabella Financial Services LLP purchased a new stake in shares of Bitdeer Technologies Group (NASDAQ:BTDR) during the third quarter, HoldingsChannel reports. The fund purchased 750,000 shares of the company’s stock, valued at approximately $5,872,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC raised its position in shares of Bitdeer Technologies Group by 901.0% during the 2nd quarter. Millennium Management LLC now owns 410,359 shares of the company’s stock valued at $4,210,000 after buying an additional 369,363 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Bitdeer Technologies Group during the second quarter worth approximately $4,510,000. Shariaportfolio Inc. purchased a new stake in Bitdeer Technologies Group during the third quarter valued at approximately $1,039,000. Thomist Capital Management LP bought a new stake in shares of Bitdeer Technologies Group in the 2nd quarter valued at approximately $1,156,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Bitdeer Technologies Group in the 2nd quarter valued at approximately $4,617,000. 22.25% of the stock is owned by hedge funds and other institutional investors.

Bitdeer Technologies Group Price Performance

Bitdeer Technologies Group stock opened at $11.79 on Monday. The firm has a 50-day moving average of $8.44 and a two-hundred day moving average of $8.19. Bitdeer Technologies Group has a 1 year low of $4.12 and a 1 year high of $14.27.

Analyst Ratings Changes

Several research firms recently weighed in on BTDR. Northland Capmk upgraded Bitdeer Technologies Group to a “strong-buy” rating in a report on Wednesday, October 9th. Benchmark reiterated a “buy” rating and set a $16.00 price objective on shares of Bitdeer Technologies Group in a research report on Tuesday, November 19th. Alliance Global Partners assumed coverage on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. They issued a “buy” rating and a $14.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price target on shares of Bitdeer Technologies Group in a report on Tuesday, November 19th. Finally, HC Wainwright increased their price objective on shares of Bitdeer Technologies Group from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $14.80.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.