:zap: BTDR $2.3M Call Bet - Massive Bitcoin Miner Play Ahead of Earnings! :rocket:

:calendar: February 5, 2026 | :fire: Unusual Activity Detected

:dart: The Quick Take

Someone just loaded up on $2.3 MILLION in BTDR calls this morning - buying 18,900 contracts of the $15 strike calls expiring April 17th! With Bitdeer Technologies (BTDR) trading at $11.56 and Q4 earnings just 7 days away on February 12th, this is a MASSIVE bullish bet on the Bitcoin miner's AI pivot and SEALMINER chip production ramp. Translation: Smart money is betting BTDR rallies 30%+ by mid-April!

:bar_chart: Company Overview

Bitdeer Technologies Group (BTDR) is a leading digital asset mining company pivoting aggressively into AI/HPC infrastructure:

Market Cap: $2.90 Billion
Industry: Digital Asset Mining Services & AI/HPC Infrastructure
Current Price: $11.56 (down ~35% from 52-week high of $27.80)
52-Week Range: $6.84 - $27.80
Employees: 246
Primary Business: Proprietary Bitcoin mining, cloud hash rate sharing, ASIC chip development (SEALMINER), and AI data center operations across US, Norway, Bhutan, and Singapore

Bitdeer stands out as the only major Bitcoin miner developing proprietary ASIC chips, with their SEALMINER technology targeting industry-leading efficiency. They recently overtook MARA Holdings as the largest Bitcoin miner by managed hashrate at 71.0 EH/s.

:moneybag: The Option Flow Breakdown

The Tape (February 5, 2026 @ 11:41:55):

Time	Symbol	Buy/Sell	Call/Put	Expiration	Premium	Strike	Volume	OI	Size	Spot	Option Price
11:41:55	BTDR	BUY	CALL $15	2026-04-17	$2.3M	$15	27,000	554	18,900	$11.56	$1.23

Strategy Detection: Long Call (standalone bullish directional bet)

:nerd_face: What This Actually Means

This is an aggressive bullish bet on BTDR rallying significantly over the next 71 days! Here's what went down:

:money_with_wings: Huge premium paid: $2.3M ($1.23 per contract x 18,900 contracts)
:dart: Breakeven price: $16.23 (40.4% above current price!)
:rocket: Target strike: $15 requires 29.8% rally from $11.56 just to be in-the-money
:chart_with_upwards_trend: Size matters: 18,900 contracts represents 1.89 million shares worth ~$21.8M notional
:hourglass_flowing_sand: Strategic timing: 71 days to expiration captures Q4 earnings (Feb 12), Q1 earnings preview, and SEALMINER A3 mass production ramp
:whale: Institutional conviction: Volume/OI ratio of 48.7x signals NEW position opening, not rolling

What's really happening here:

This trader is betting BIG on Bitdeer's transformation story. At $1.23 per contract for out-of-the-money calls, they're paying a relatively cheap premium for MASSIVE upside leverage. If BTDR rallies to $20 by April (where analyst targets average $29), these calls would be worth $5.00 - a 306% return. The timing ahead of Q4 earnings suggests they expect a catalyst to unlock value.

Unusual Score: :fire: EXTREMELY UNUSUAL (Z-Score: 298.85) - This volume is nearly 49x the open interest and represents an absolutely massive commitment to bullish BTDR exposure. We're talking about activity that happens maybe a few times a year on this name!

:chart_with_upwards_trend: Technical Setup / Chart Check-Up

YTD Performance Chart

BTDR has been on a wild ride - currently trading at $11.56 after hitting highs near $27.80 in late 2025. The stock dropped sharply following Q3 earnings in November when SEAL04 chip delays spooked investors despite strong revenue.

Key observations:

:chart_with_downwards_trend: Significant pullback: Down ~58% from 52-week highs, creating potential value opportunity
:cloud: Legal overhang: Securities class action lawsuit weighing on sentiment
:rocket: Massive analyst upside: Average price target of $29 implies 150%+ upside from current levels
:muscle: Fundamental strength: Q3 revenue beat expectations by 13% at $169.7M vs $150M consensus
:zap: Catalyst-rich: Earnings Feb 12, SEALMINER A3 production Q1, AI data center expansion

Gamma-Based Support & Resistance Analysis

Current Price: $11.23

The gamma exposure map reveals critical price magnets and barriers that will govern near-term price action:

:large_blue_circle: Support Levels (Put Gamma Below Price):

$11.00 - Immediate support with strongest put gamma concentration (2.0% below current)
$10.50 - Secondary support at 6.5% below current price
$10.00 - Major structural floor with highest total gamma exposure (11.0% below) - THE LINE IN THE SAND
$9.50 - Extended support zone (15.4% below)
$9.00 - Disaster floor (19.9% below)

:orange_circle: Resistance Levels (Call Gamma Above Price):

$11.50 - Immediate ceiling (2.4% above current) - dealers will sell into rallies here
$12.00 - Secondary resistance (6.9% above)
$12.50 - Major resistance zone with highest total gamma of 4.09B (11.3% above)
$13.00 - Extended upside target (15.8% above)

What this means for traders:

BTDR is trading in a tight range between $11.00 support and $11.50 immediate resistance. The massive gamma at $12.50 creates a natural ceiling that requires sustained buying pressure to break. However, if BTDR breaks above $12.50 convincingly, the next gamma cluster at $13.00 could accelerate upward momentum.

Notice the call buyer's strike: They're betting on $15 - well ABOVE all current gamma resistance levels. This signals they expect a MAJOR catalyst (likely earnings + SEALMINER production) to break through all overhead resistance.

Net GEX Bias: Bullish (14.4B call gamma vs 7.0B put gamma) - Overall positioning remains bullish despite the pullback.

Implied Move Analysis

Options market pricing for upcoming expirations:

:calendar: Weekly (Feb 6 - 1 day): +/-$0.68 (+/-6.06%) -> Range: $10.54 - $11.89
:calendar: Monthly OPEX (Feb 20 - 15 days): +/-$1.87 (+/-16.67%) -> Range: $9.34 - $13.09
:calendar: Quarterly Triple Witch (Mar 20 - 43 days): +/-$2.98 (+/-26.53%) -> Range: $8.24 - $14.19

Translation for regular folks:

Options traders are pricing in MASSIVE volatility for BTDR! The market expects the stock could move nearly 17% by monthly OPEX (which includes the February 12th earnings) and over 26% by March triple witch. This is a HIGH VOLATILITY name with significant event risk baked in.

The February 20th upper range of $13.09 falls short of the $15 call strike, but the March upper range of $14.19 gets closer. The call buyer clearly expects BTDR to outperform implied expectations - perhaps pricing in an earnings beat AND positive SEALMINER production news.

Key insight: The implied volatility reflects massive uncertainty around Q4 earnings. If Bitdeer delivers strong results and positive guidance on AI/SEALMINER progress, the stock could gap significantly higher.

:circus_tent: Catalysts

:fire: Immediate Catalysts (Next 7 Days)

Q4 2025 Earnings - February 12, 2026 (7 DAYS AWAY!) :bar_chart:

Bitdeer reports Q4 2025 results on Thursday, February 12, 2026 at 7:00 AM EST. This is THE catalyst that could make or break the current positioning.

Key metrics to watch:

:chart_with_upwards_trend: Revenue: Continuing growth trajectory from Q3's $169.7M beat (+173% YoY)
:pick: Self-Mining Hashrate: Already confirmed 55.2 EH/s via December production update
:coin: BTC Mined Q4: Based on October-December production (~1,700+ BTC)
:robot: AI/HPC Revenue: Current ~$10M ARR, watching for growth trajectory
:zap: SEALMINER A3 Production Update: Critical for validating technology roadmap
:moneybag: 2026 Guidance: Hashrate, revenue, and AI infrastructure targets

Why this matters for the trade:

The call buyer positioned BEFORE earnings, signaling confidence in a positive outcome. If BTDR delivers:

Strong Q4 revenue continuing the +173% YoY growth from Q3
Positive SEALMINER A3 mass production timeline confirmation
Encouraging AI/HPC deployment progress

...the stock could gap 15-20%+ toward $13-14 immediately, putting the $15 calls solidly in play.

:rocket: Near-Term Catalysts (Q1-Q2 2026)

SEALMINER A3 Mass Production - Q1 2026 :factory:

Bitdeer's SEAL03 (A3) chip targeting 9.7 J/TH efficiency is slated for mass production in Q1 2026 (source). This is critical because:

:zap: Performance already verified at industry-leading efficiency
:chart_with_upwards_trend: Would significantly improve mining margins vs competitors
:trophy: Validates Bitdeer's unique vertical integration strategy
:moneybag: Opens potential third-party chip sales revenue stream

SEAL04-1 Chip Development - Q1-Q2 2026 :microscope:

The next-generation SEAL04-1 chip targeting 6-7 J/TH efficiency (vs industry standard ~19 J/TH) is in development:

:warning: Original SEAL04 timeline slipped, causing Q3 stock crash
:dart: SEAL04-1 represents modified approach after initial setbacks
:rocket: If achieved, would create massive competitive advantage
:hourglass_flowing_sand: Any positive development here could re-rate the stock significantly

AI Infrastructure Expansion - 2026 :brain:

Bitdeer is aggressively pivoting into AI/HPC (December production update):

:computer: 1,152 GPUs deployed (H100, H200, B200) with 61% utilization
:moneybag: ~$10M current AI ARR with plans to scale
:factory: B300 and GB300 GPU systems ordered for February deployment
:dart: Target: 200+ MW IT load for AI computing by end of 2026
:rocket: Management's optimistic scenario: >$2B annualized AI revenue potential

Infrastructure Milestones:

Project	Capacity	Timeline	Status
Massillon, Ohio	221 MW	Q2 2026	Under construction
Clarington, Ohio	570 MW	Q3 2026	Utility confirmed
Knoxville AI Conversion	35 MW IT	Q4 2026	Initiated
Tydal Norway AI Conversion	164 MW IT	Q4 2026	Planning
Fox Creek, Alberta	101 MW	Q4 2026	Development

:warning: Recent Events (Past 3 Months)

Q3 2025 Earnings (November 10, 2025) - The Crash (earnings transcript)

Despite revenue beating estimates by 13% ($169.7M vs $150M consensus), the stock plunged 14% due to SEAL04 chip delays. Key Q3 metrics:

Metric	Q3 2025	Q3 2024	YoY Change
Total Revenue	$169.7M	$62.0M	+173.6%
Self-Mining Revenue	$130.9M	$31.6M	+315.6%
Gross Profit	$40.8M	$2.8M	+1,357%
Adjusted EBITDA	$43.0M	$(7.9M)	Positive swing

December 2025 Production Update (January 12, 2026) (IR release, GlobeNewswire)

Strong operational metrics reported via December production update:

:coin: 636 BTC mined in December (+339% YoY, +21% MoM)
:zap: 55.2 EH/s self-mining hashrate (exceeded 50 EH/s target)
:globe_with_meridians: 71.0 EH/s total hash rate under management
:factory: 1,658 MW online power capacity globally

Securities Class Action Lawsuit (Ongoing)

Multiple law firms filed securities fraud class action lawsuits covering June 6, 2024 to November 10, 2025:

:scales: Allegations related to SEAL04 production problems disclosure
:calendar: Lead plaintiff deadline passed February 2, 2026
:warning: Creates ongoing legal uncertainty but appears largely triggered by stock decline

:game_die: Price Targets & Probabilities

Using gamma levels, implied move data, and upcoming catalysts, here are the scenarios through April 17th expiration:

:chart_with_upwards_trend: Bull Case (30% probability)

Target: $15-$20

How we get there:

:muscle: Q4 earnings CRUSH expectations with continued triple-digit revenue growth
:factory: SEALMINER A3 mass production confirmed on track with strong efficiency metrics
:robot: AI revenue shows meaningful acceleration toward management's aggressive targets
:coin: Bitcoin price remains strong (currently near highs), boosting mining economics
:chart_with_upwards_trend: Analyst upgrades flow in as narrative shifts from "SEAL04 delay" to "AI pivot working"
:scales: Class action lawsuit shows signs of resolution or dismissal
:rocket: Breakout above $12.50 gamma resistance triggers momentum rally toward analyst targets of $29

Key metrics needed:

Q4 revenue >$180M (continued growth trajectory)
SEALMINER A3 production timeline confirmed
AI ARR growing beyond $10M with clear path to scale
Positive 2026 guidance on hashrate and infrastructure

Probability assessment: 30% because it requires multiple catalysts to align positively. The $15 strike represents 30% upside, which is achievable if the bullish narrative returns post-earnings. Analysts remain strongly bullish with targets averaging $29 (Stock Analysis, TipRanks).

:dart: Base Case (45% probability)

Target: $10-$14 range (CONSOLIDATION WITH UPWARD BIAS)

Most likely scenario:

:white_check_mark: Solid Q4 earnings meeting or slightly beating expectations
:hourglass_flowing_sand: SEALMINER A3 progressing but no breakthrough news
:robot: AI revenue flat to slightly up from $10M ARR
:balance_scale: Market digests information, stock trades in range
:chart_with_upwards_trend: Gradual re-rating as confidence in execution builds
:moneybag: Trading within $10-$14 range through February-March
:sleeping: Some recovery from oversold levels post-Q3 crash

This scenario for the call buyer: Calls could still profit if stock rallies to $14-15 range by April, but returns would be more modest. Max pain likely around $12-13 where gamma is concentrated.

Why 45% probability: Bitdeer's fundamentals are solid (173% revenue growth, leading hashrate) but execution concerns and legal overhang keep a lid on multiple expansion. Market needs proof points on SEALMINER and AI before fully re-rating.

:chart_with_downwards_trend: Bear Case (25% probability)

Target: $8-$10

What could go wrong:

:fearful: Q4 earnings disappoint or guidance weak
:warning: SEALMINER A3 production delayed or efficiency below targets
:rotating_light: Additional SEAL04 setbacks shake confidence in technology roadmap
:coin: Bitcoin price correction pressures mining economics
:scales: Class action lawsuit developments create headline risk
:moneybag: Concerns about $824M convertible debt load resurface
:chart_with_downwards_trend: Break below $10 gamma support triggers cascade selling

Critical support levels:

:shield: $11.00: Immediate support - break below signals weakness
:shield: $10.00: Major gamma floor - MUST HOLD or momentum shifts bearish
:shield: $9.00: Disaster floor - would test 52-week low area

Probability assessment: 25% because the stock has already corrected significantly (-58% from highs), fundamentals remain strong, and analyst sentiment is overwhelmingly bullish. Would require major negative catalyst beyond what's already priced in.

Call P&L Scenarios:

Stock at $20 on Apr 17: Calls worth $5.00, profit = $3.77/share x 18,900 = $7.1M gain (309% ROI!)
Stock at $17 on Apr 17: Calls worth $2.00, profit = $0.77/share x 18,900 = $1.5M gain (63% ROI)
Stock at $15 on Apr 17: Calls worth ~$0.50, loss = -$0.73/share x 18,900 = -$1.4M loss (59% loss)
Stock at $12 on Apr 17: Calls worthless, loss = -$1.23 x 18,900 = -$2.3M (100% loss)

:bulb: Trading Ideas

:shield: Conservative: Wait for Earnings Clarity

Play: Stay on sidelines until after February 12th earnings volatility settles

Why this works:

:hourglass_flowing_sand: Earnings in 7 days creates binary event risk with 16%+ implied move priced
:moneybag: Options EXPENSIVE pre-earnings due to elevated implied volatility
:scales: Class action lawsuit creates additional uncertainty
:dart: Better entry likely post-earnings after IV crush reduces premiums 40-50%
:thinking: The $2.3M institutional call buy signals confidence, but retail should let the event play out

Action plan:

:eyes: Watch February 12th earnings for revenue (>$180M target), SEALMINER A3 update, and AI progress
:dart: If earnings beat and stock gaps to $13-14, consider entering on first pullback to $12-12.50 support
:x: If earnings disappoint and stock drops to $9-10, could be longer-term accumulation opportunity
:chart_with_upwards_trend: Monitor unusual options activity post-earnings for institutional direction

Risk level: Minimal (cash position) | Skill level: Beginner-friendly

:balance_scale: Balanced: Post-Earnings Call Spread

Play: After earnings, buy call spread targeting the $15 level

Structure: Buy $12 calls, Sell $15 calls (April 17 expiration - SAME as the $2.3M trade)

Why this works:

:roller_coaster: IV crush after earnings makes call spreads MUCH cheaper
:chart_with_upwards_trend: Defined risk spread ($3 wide = $300 max risk per spread)
:dart: Targets breakout zone above gamma resistance
:handshake: Essentially "copying" the smart money direction at better prices post-IV crush
:hourglass_flowing_sand: 60+ days to expiration gives time for SEALMINER and AI catalysts to materialize

Estimated P&L (adjust after seeing post-earnings IV):

:moneybag: Pay ~$1.20-1.50 net debit per spread post-earnings (vs $2.00+ now)
:chart_with_upwards_trend: Max profit: $150-180 if BTDR above $15 at April expiration
:chart_with_downwards_trend: Max loss: $120-150 if BTDR below $12 (defined and limited)
:dart: Breakeven: ~$13.20-13.50
:bar_chart: Risk/Reward: ~1:1.2 which is acceptable for defined-risk bullish play

Entry timing:

:hourglass_flowing_sand: Wait 2-3 days post-earnings (by Feb 16-17) for IV collapse
:dart: Only enter if stock trades $11+ (confirms positive reaction to earnings)
:x: Skip if stock below $10 (too risky, thesis broken)

Position sizing: Risk only 2-5% of portfolio

Risk level: Moderate (defined risk, bullish directional) | Skill level: Intermediate

:rocket: Aggressive: Follow The Whale (ADVANCED ONLY!)

Play: Buy same April $15 calls at smaller size

Structure: Buy BTDR April 17 $15 Calls at ~$1.23

Why this could work:

:whale: Literally following $2.3M institutional bet with identical structure
:rocket: If their thesis is right, stock to $17-20 creates 100-300%+ returns
:dart: Leverage play on Bitcoin miner with highest analyst upside (150%+ to targets)
:factory: SEALMINER technology potentially game-changing for industry
:robot: AI pivot creates optionality beyond pure Bitcoin mining

Why this could blow up (SERIOUS RISKS):

:moneybag: OTM calls: Need 30% rally JUST to break even - highly speculative
:warning: Earnings binary: Stock could gap -15% on any disappointment
:scales: Legal overhang: Class action lawsuit creates headline risk
:moneybag: Debt concerns: $824M convertible notes create balance sheet risk
:coin: Bitcoin correlation: Mining stocks can crash 50%+ on BTC weakness
:skull: Time decay: Theta burns every day these calls are OTM

CRITICAL WARNING - DO NOT attempt unless you:

:white_check_mark: Can afford to lose 100% of premium
:white_check_mark: Understand crypto mining sector volatility
:white_check_mark: Have conviction in Bitdeer's transformation thesis
:white_check_mark: Are comfortable with binary earnings risk
:white_check_mark: Will size appropriately (1-2% of portfolio MAX)

Risk level: EXTREME (can lose 100% of premium) | Skill level: Advanced only

:warning: Risk Factors

Don't get caught by these potential landmines:

:hourglass_flowing_sand: Earnings binary event in 7 days: February 12th results create MASSIVE volatility risk. Stock could gap 15-20% either direction. The implied move of 16.7% through monthly OPEX reflects this uncertainty. Previous Q3 earnings caused 14% single-day crash despite revenue beat. Options are pricing extreme moves.
:wrench: SEALMINER execution risk: SEAL04 delays already crashed the stock in November. Any further setbacks in SEALMINER technology would devastate the bullish thesis. The A3 chip needs to deliver on 9.7 J/TH efficiency claims. SEAL04-1 development is critical for long-term competitive positioning.
:scales: Securities class action lawsuit: Multiple law firms filed fraud claims related to SEAL04 production problems. While the lawsuit appears primarily triggered by stock decline rather than fraud, legal uncertainty creates overhang. Settlement or negative developments could pressure stock.
:moneybag: Heavy debt load: $824M in convertible notes from aggressive financing creates balance sheet risk (convertible notes context). Cash burn may pressure liquidity. With only 2,017 BTC on balance sheet (vs MARA's 55,000+), Bitdeer has less cushion against Bitcoin price drops.
:coin: Bitcoin price correlation: Bitdeer remains fundamentally a Bitcoin miner. Any significant BTC correction would crush mining economics and stock price. Current elevated BTC prices are priced into valuations - downside creates asymmetric risk.
:factory: AI pivot execution risk: The $2B+ AI ARR scenario requires massive GPU capital expenditure and customer acquisition. Current AI ARR is only ~$10M. Competition from hyperscalers (AWS, Azure, GCP) is intense. Converting 200 MW to AI capacity is ambitious.
:trophy: Competition from larger miners: MARA Holdings has 55,000+ BTC reserves vs Bitdeer's 2,017. Larger competitors have more financial cushion. Bitmain controls ~80% of the ASIC market - Bitdeer is a challenger.
:globe_with_meridians: Regulatory and geopolitical risks: Operations in Bhutan, Norway, and US create multi-jurisdictional complexity. Crypto regulation remains uncertain globally. Energy consumption scrutiny for mining operations could increase.

:dart: The Bottom Line

Real talk: Someone just bet $2.3 MILLION that Bitdeer (BTDR) rallies 30%+ by April. This is a HIGH CONVICTION bullish trade ahead of Q4 earnings on February 12th, positioning for SEALMINER A3 production progress, AI infrastructure expansion, and potential multiple re-rating toward $29 analyst targets.

What this trade tells us:

:dart: Institutional trader expects BTDR to rally significantly over next 71 days
:moneybag: Willing to pay $1.23/share (10.6% of stock price) for upside leverage
:hourglass_flowing_sand: Timing before earnings suggests confidence in positive Q4 results
:chart_with_upwards_trend: $15 strike targets 30% upside, implying expectation of narrative shift
:rocket: Could be betting on SEALMINER breakthrough, AI traction, or Bitcoin strength

This is a SPECULATIVE bullish signal - not a guarantee!

If you're bullish on BTDR:

:hourglass_flowing_sand: Wait for February 12th earnings before committing significant capital
:dart: Look for confirmation: revenue beat, positive SEALMINER A3 update, AI progress
:chart_with_upwards_trend: If stock gaps to $13-14 post-earnings, consider following this trade direction
:shield: Size appropriately - this is a speculative name with 60%+ volatility
:dart: Post-earnings call spreads offer better risk/reward than naked calls

If you're on the sidelines:

:eyes: Mark your calendar: February 12th is the moment of truth
:dart: A strong earnings report could trigger 20%+ rally toward $14-15
:chart_with_downwards_trend: A disappointing report could send stock to $9-10 (potential accumulation zone)
:hourglass_flowing_sand: Wait for IV crush post-earnings to get better option prices
:bar_chart: Monitor the SEALMINER A3 production timeline - this is THE differentiator for Bitdeer

If you're bearish:

:warning: The stock is already down 58% from highs - much of the bad news is priced in
:scales: Class action lawsuit creates some uncertainty but fundamentals are strong
:muscle: 173% YoY revenue growth, 55 EH/s hashrate, analyst targets 150% higher
:thinking: Going short requires conviction in further execution failures or Bitcoin crash
:x: Fighting $2.3M institutional bullish flow is risky near support levels

Key dates to watch:

:calendar: February 12, 2026 (7 DAYS!) - Q4 2025 earnings report
:calendar: February 20, 2026 - Monthly OPEX (16.7% implied move window)
:calendar: March 20, 2026 - Quarterly triple witch
:calendar: Q1 2026 - SEALMINER A3 mass production expected (performance verified per D-Central roadmap)
:calendar: April 17, 2026 - This $2.3M call trade expiration
:calendar: Q4 2026 - 200+ MW AI capacity target (SEC filing)

Final verdict: BTDR is at an inflection point. The stock has been crushed (-58% from highs) on SEAL04 delays and lawsuit fears, but fundamentals remain strong with 173% revenue growth, leading hashrate position, and ambitious AI pivot. Analyst targets averaging $29 (150% upside) suggest the market may be overly pessimistic. The $2.3M call bet signals smart money sees value here ahead of what could be a transformative earnings report.

But don't FOMO in before earnings! The risk/reward is best for those who wait for the February 12th catalyst to provide clarity. If BTDR delivers on SEALMINER A3 and shows AI traction, this could be the beginning of a major re-rating toward analyst targets. If they disappoint again, you'll get a better entry at $9-10.

Patience is profitable. Let the institutions take the binary risk. :muscle:

Disclaimer: Options trading involves substantial risk of loss and is not suitable for all investors. This analysis is for educational purposes only and not financial advice. Past performance doesn't guarantee future results. The Z-score of 298.85 reflects this specific trade's unusual size relative to recent BTDR history - it does not imply the trade will be profitable or that you should follow it. Bitcoin mining stocks are highly volatile and correlated to cryptocurrency prices. Always do your own research and consider consulting a licensed financial advisor before trading. The call buyer may have complex portfolio needs not applicable to retail traders.

About Bitdeer Technologies Group: Bitdeer Technologies Group provides digital asset mining services through proprietary mining, cloud hash rate sharing, and cloud hosting across datacenters in the United States, Norway, Bhutan, and Singapore. The company is the only major Bitcoin miner developing proprietary ASIC chips (SEALMINER) and is aggressively pivoting into AI/HPC infrastructure. Market cap: $2.90 billion.

BTDR Unusual Options Activity — 2026-02-05

Institutional flow on 2026-02-05

Trade Details

Gamma Analysis

Full Analysis