Bitdeer Technologies Group [BTDR]
As of: 2026-07-29 · Framework: v1.5.1 / criteria.md 2026-07-29 · Type: MEASURED — dated events that would confirm or refute the implied path. Consumed by monitoring; blocks nothing.
Every date below is either taken from a filing or explicitly marked as an inference from filing history. Per the brief: a fabricated catalyst date is worse than an absent calendar. Nothing here is invented.
| Date | Event | Source | Why it matters |
|---|---|---|---|
| 2026-04-30 | FY2025 20-F filed | 0001213900-26-049770 |
the most recent financial data available anywhere for BTDR. Revenue $620.253m; profit $65.597m entirely on a $444.9m derivative mark |
| 2026-07-21 | Most recent 6-K filed | 0001213900-26-079816 |
6-Ks are BTDR's only interim disclosure and carry no XBRL financial data — contents not examined in this pass |
| ~April 2027 (estimated from the 2026-04-30 filing date; NOT company-confirmed) | FY2026 20-F | filing cadence | the next audited data point — roughly nine months away. Does the $108.3m ASIC line persist? Does gross margin recover from 9.8%? |
| Within 12 months of 2025-12-31, no dated schedule disclosed | $753,792,000 of current borrowings fall due, including $275,000,000 to a related party | 20-F balance sheet | the dominant near-term event, and its timing is not disclosed |
| 2028 (protocol) | next bitcoin halving | Bitcoin protocol | halves the reward on 63.9% of revenue, and reduces third-party ASIC demand at the same time |
This is the sparsest catalyst calendar in the cluster and the reason is structural: BTDR is a 20-F filer with 6-K interims and no quarterly reporting obligation. There is no dated forward revenue schedule (no RPO), no named AI counterparty, no disclosed contracted megawatts, and no maturity schedule for the current borrowings in the material reviewed.
Per the brief, no date is asserted that a filing does not support. The two forward rows above are explicitly marked as an inference from filing cadence and an undated balance-sheet classification respectively.
| Date | Event | Why it matters to BTDR |
|---|---|---|
| 2028 (protocol-determined) | Bitcoin halving | halves the block reward on the mining leg. Not a forecast — it is in the protocol |
| continuous | Global network hashrate / difficulty | IREN's 10-Q quantifies the mechanism: its own hashrate rose to 36.0 EH/s and it still mined fewer bitcoin, because implied global hashrate rose faster. The denominator always grows |
| 2026-12-31 | CORZ's hosted-mining operations conclude | removes a competitor's hosted capacity from the market |
| Q3 2026 | WYFI's $865m Nscale contract reaches full revenue contribution | the cluster's cleanest read on realised contracted AI economics — a live benchmark for every claimed pipeline |