Is Bitdeer Technologies Group (BTDR) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 16.0% / 30% | 31.2% / 30% | 1.4% / 30% | N/A | ✗ NOT HALAL |
| DJIM | 16.0% / 33% | 31.2% / 33% | 1.4% / 33% | N/A | ✓ HALAL |
| MSCI | 18.4% / 33% | 35.8% / 33% | 1.6% / 33% | N/A | ✗ NOT HALAL |
| S&P | 16.0% / 33% | 31.2% / 33% | 1.4% / 33% | N/A | ✓ HALAL |
| FTSE | 18.4% / 33% | 35.8% / 33% | 1.6% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 9.8% | |
| Operating Margin | 48.6% | |
| Net Margin | 10.6% | |
| Return on Equity (ROE) | 11.5% | |
| Return on Assets (ROA) | 4.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$622M |
| Free Cash Flow | -$749M |
| Total Debt | $286M |
| Debt-to-Equity | 126.7 |
| Current Ratio | 0.9 |
| Total Assets | $1.6B |
Price & Trading
| Last Close | $8.71 |
| 50-Day MA | $10.28 |
| 200-Day MA | $13.55 |
| Avg Volume | 7.7M |
| Beta | 2.4 |
|
52-Week Range
$6.84
| |
About Bitdeer Technologies Group (BTDR)
Bitdeer Technologies Group operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, and Norway. The company offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining rig hosting solutions comprising deployment, maintenance, and management services for cryptocurrency mining; as well as mines cryptocurrencies for its own account. It also operates mining datacenters to generate hash rate; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining rigs. In addition, the company offers Minerplus, a software platform that offers software support to reduce time needed for daily maintenance and mining rig upgrade; and mining solutions under the SEALMINER brand. The company is headquartered in Singapore.
Related Halal Stocks in Technology
Frequently Asked Questions
Is Bitdeer Technologies Group (BTDR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Bitdeer Technologies Group is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Bitdeer Technologies Group's debt ratio?
Bitdeer Technologies Group's debt ratio is 16.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 18.4%.
What are Bitdeer Technologies Group's key financial metrics?
Bitdeer Technologies Group has a market capitalization of $2.1B. The company maintains a gross margin of 9.8% and a net margin of 10.6%. Return on equity stands at 11.5%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.