+30% in 30 Days: Bitdeer Delivers on Our March Buy Signal

On March 18, 10x Research Trading Signals flagged Bitdeer (BTDR) as a buy. One month later, the stock is up 30%, and the structural case remains intact.

Bitdeer is one of the few publicly listed Bitcoin miners with a credible path beyond pure hashrate exposure.

The company is developing its own ASIC chip line (the Sealminer series), which, if it reaches commercial scale, would compress its hardware cost curve and reduce reliance on third-party suppliers like Bitmain. That vertical integration story is rare among listed miners and justifies a premium to the sector.

The broader setup is also constructive: Bitcoin's resilience above key levels supports miner margins, and any move higher in BTC disproportionately benefits operators with efficient rigs and low power costs.

Bitdeer has been expanding its low-cost energy footprint across multiple geographies, which provides a degree of margin insulation peers lack.

The 30% move since our call reflects the market beginning to price in this differentiation.

Whether that re-rating has further to run depends on execution, specifically, Sealminer chip delivery timelines and Bitcoin's next directional move.

As this 1-month signal comes to an end, we are awaiting new trading signals from our models.

A +30% return on even a modest position in Bitdeer would have covered the cost of a full year of Trading Signals many times over.

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