Bitdeer Technologies Group announced significant developments last week, including Q4 2024 results revealing a substantial net loss of USD 532 million, a stark contrast from the previous year, potentially influencing its 13.59% share price decline. Additionally, the company's announcement of a USD 20 million share repurchase program seems to have offered limited immediate reassurance to investors amidst the broader market downturn. The financial report reflected declining sales, amplifying concerns raised amidst a challenging economic landscape marked by fresh US tariffs impacting global trade dynamics. Notably, market indices also faced declines, with the S&P 500 falling 1.8%, suggesting that external pressures such as tariffs and economic uncertainties heavily influenced investor sentiment towards tech firms, including Bitdeer. This broad market sentiment, combined with Bitdeer's earnings performance, presents a comprehensive backdrop to the company's recent price movement.

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Over the last year, Bitdeer Technologies Group delivered a total return of 65.74%, significantly outpacing both the US market and software industry benchmarks of 15.3% and 4.4%, respectively. Several pivotal events shaped this performance. The launch of advanced AI training platforms in August 2024 and the ReMine peer-to-peer market in January 2025 likely fueled investor optimism for future growth. Moreover, the company's strategic expansion through a 30-year lease for power capacity in June 2024 may have contributed to this positive sentiment.

In contrast, the last year presented financial hurdles, highlighted by a large increase in net losses, from US$56.66 million in 2023 to US$599.15 million in 2024. The ongoing share buyback initiatives, including the US$10 million repurchase completed in February 2025, might have counterbalanced some market skepticism, preserving shareholder confidence despite the volatile and challenging external factors.

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Companies discussed in this article include NasdaqCM:BTDR.

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