Why These 15 Software Stocks Are Plunging In 2025

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5. Bitdeer Technologies Group (NASDAQ:BTDR)

Number of Hedge Fund Holders In Q4 2024: 31

Bitdeer Technologies Group (NASDAQ:BTDR) is a technology company focused on providing blockchain and high-performance computing.

The stock is down significantly so far in 2025 due to the decline in Bitcoin. BTC’s value directly impacts Bitdeer’s revenue since its core business relies heavily on mining and hash rate services tied to cryptocurrency prices.

The Bitcoin halving event in April 2024 reduced mining rewards, squeezing profitability for miners industry-wide. Although Bitdeer has diversified with innovations like the SEAL02 chip and AI computing services, these efforts haven’t fully offset the immediate financial strain.

The consensus price target of $21 implies 109.79% upside.

BTDR stock is down 53.81% year-to-date.

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