Proof of Usefulness Report

Bitdeer Group

Analysis completed on 2/7/2026

+702
Proof of Usefulness Score
Category Standard

Bitdeer Technologies Group (Nasdaq: BTDR) is a verified publicly traded leader in Bitcoin mining and high-performance computing with a market cap exceeding $2.8B and verified annual revenue of ~$350M+. While the submission contained significant inaccuracies (understating market cap as $75M, vague 'everyone' targeting, and lack of technical detail), external verification confirms high-value proprietary technology (SEALMINER ASICs), global datacenter infrastructure, and established market traction. The score reflects the project's immense real-world scale and utility, heavily discounted by the poor quality of the submission data.

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Score Breakdown

Real World Utility+270.0
Audience Reach Impact+136.0
Technical Innovation+63.8
Evidence Of Traction+250.0
Market Timing Relevance+114.0
Functional Completeness+2.5
Subtotal+836.3
Usefulness Multiplierx0.84
Final Score+702

Project Details

Project URL
bitdeer.com
Description
Bitdeer Technologies Group (Nasdaq: BTDR) is a world-leading technology company for Bitcoin mining. Bitdeer is committed to providing comprehensive computing solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline