Bitdeer Technologies Holding Co (BTDR) News, Articles, Events & Latest Updates
This page provides a comprehensive feed of news and updates for Bitdeer Technologies Holding Co (BTDR). It includes information on recent stock performance, noteworthy option activity, earnings reports, and analyst calls, particularly regarding Bitcoin miners becoming AI landlords. The content highlights BTDR's financial metrics and new facility developments.
Paloma entities increase stake in Bitdeer (NASDAQ: BTDR) to 9% as of June 17, 2026
A group of Paloma entities and S. Donald Sussman has increased their beneficial ownership in Bitdeer Technologies Group (NASDAQ: BTDR) to approximately 9% of Class A ordinary shares outstanding as of June 17, 2026. This stake, totaling 18,184,369 shares, includes 18,075,400 shares that can be acquired within 60 days through the exercise of long call options. This represents an increase from their May 28, 2026, reported ownership of 12,861,001 shares (6.4%).
Bitdeer Technologies Increases Bitcoin Production, Holdings in May
Bitdeer Technologies (NASDAQ: BTDR) saw increased Bitcoin production and holdings in May 2024. The company produced 265 BTC, a 16.2% increase from April, and held 873 BTC as of May 31, 22.8% higher than the previous month. This growth was driven by a rise in the company's operating hash rate and deployment of new mining rigs.
[SCHEDULE 13G] Bitdeer Technologies Group Passive Investment Disclosure (>5%)
Jane Street Group, LLC, Jane Street Capital, LLC, and Jane Street Global Trading, LLC have filed a Schedule 13G indicating a passive investment in Bitdeer Technologies Group (BTDR). Jane Street Group, LLC beneficially owns an aggregate of 10,220,761 Class A ordinary shares, representing 5.1% of the class. This filing signifies that Jane Street Group, LLC and its affiliated entities hold a significant, but non-controlling, stake in the company.
Short Sellers Are Hammering These 10 Stocks — One Is 86% Short - Bitdeer Techs (NASDAQ:BTDR), Cleanspark
Short sellers are heavily targeting 10 stocks across various sectors like energy, crypto, and AI, with Venture Global (NYSE: VG) leading the list at 86.10% short interest. Other highly shorted companies include CleanSpark (NASDAQ: CLSK), Lucid Group (NASDAQ: LCID), and UiPath (NYSE: PATH). Despite the high short interest, some of these stocks like Bitdeer (NASDAQ: BTDR) saw significant gains, indicating potential for short squeezes.
Analysts Offer Insights on Technology Companies: BOS Better Online Solutions (BOSC), Motorola Solutions (MSI) and HP (HPQ)
Analyst firms have provided updated ratings and price targets for three technology companies: BOS Better Online Solutions (BOSC), Motorola Solutions (MSI), and HP (HPQ). BOSC and MSI received "Buy" ratings from Alliance Global Partners and William Blair, respectively, with significant upside potential. Conversely, HP (HPQ) was given a "Sell" rating by Morgan Stanley, indicating a projected downside from its current levels.
BTDR Financials: Revenue Breakdown, Margins & Competitor Comparison
This article provides an overview of Bitdeer Technologies Group's (BTDR) financial performance, focusing on its revenue breakdown, profitability margins, and a comparison with competitors. Key financial indicators mentioned include a negative gross margin of -20.66%, an operating margin of -43.35%, and a net margin of -84.44%. The company, with a market capitalization of $4.46B, is benchmarked against industry leaders EXLS and CLSK.
Short Sellers Are Hammering These 10 Stocks — One Is 86% Short
Short sellers are targeting a diverse group of 10 stocks, with Venture Global (VG) having an exceptionally high short interest of 86.10%. Other heavily shorted companies include CleanSpark (CLSK), Lucid Group (LCID), PureCycle Technologies (PCT), and AI-related firms like SoundHound AI (SOUN) and UiPath (PATH). The article notes that several of these stocks have recently seen upward momentum, suggesting potential for short squeezes if positive catalysts emerge.
Bitdeer Technologies Group (Nasdaq:BTDR) - Stock Analysis
This Simply Wall St analysis provides a comprehensive overview of Bitdeer Technologies Group (BTDR), highlighting its valuation, growth prospects, past performance, and financial health. The report notes BTDR's substantial undervaluation by analysts, its volatile share price, and its transition from Bitcoin mining to AI/HPC colocation, alongside significant changes in its executive leadership. Despite being currently unprofitable, the company is actively expanding its power capacity and introducing new mining technologies, aiming for long-term profitability.
Bitdeer Technologies Hits Day Low of $13.35 Amid Price Pressure
Bitdeer Technologies Group's stock dropped by 8.34% to an intraday low of $13.35, contrasting with a slight decline in the S&P 500. Despite this daily decrease, the company has seen strong performance over the past week and month, with gains of 22.59% and 47.08% respectively. Bitdeer reported robust quarterly results including $224.84 million in net sales and 113.69% pre-tax profit growth, maintaining a market capitalization of nearly $2 billion.
Bitdeer Technologies Hits Day Low of $12.05 Amid Price Pressure
Bitdeer Technologies Group's stock dropped by 7.29% to an intraday low of $12.05, despite outperforming the S&P 500 significantly over the past month and year. The company, operating in the Commercial Services & Supplies sector, has a market capitalization of USD 1,977 million and a P/E ratio of 30.00. Institutional investors hold 51.5% of the stock, increasing their stake by 7.07% last quarter.
Bitdeer Technologies Soars 20.99%, Hits Intraday High of $15.11
Bitdeer Technologies Group has seen a remarkable surge in its stock, gaining 20.99% to hit an intraday high of $15.11. The company has also shown strong performance over the past week and month, with returns of 39.43% and 57.13% respectively, significantly outperforming the S&P 500. Despite a challenging year, Bitdeer reported robust financial metrics including net sales of $224.84 million and a pre-tax profit of $72.92 million.
BTDR Price Today: Bitdeer Technologies Group Stock Price, Quote & Chart | MEXC
The article provides a detailed overview of Bitdeer Technologies Group (BTDR) stock, including its current price, market data, and recent performance. As of May 6, 2026, BTDR is trading at $15.10, showing a significant 20.91% increase from its previous close. The company, primarily involved in digital asset mining services through its subsidiaries, has demonstrated strong short-term and annual price momentum.
Active Energy Group and Bitdeer Technology to advance new partnership
Active Energy Group and Bitdeer Technology are moving forward with their partnership, with Active Energy Group's 8MVA site in the UAE serving as the initial pilot deployment. The site aims to benchmark technical, commercial, and operational parameters for a broader rollout, potentially generating significant infrastructure and power revenues, alongside digital asset production. The collaboration is still subject to due diligence, final commercial terms, and definitive documentation.
Bitdeer Technologies Group (NASDAQ:BTDR) Sees Large Growth in Short Interest
Bitdeer Technologies Group (NASDAQ:BTDR) experienced a significant 15.0% increase in short interest during April, reaching over 52.4 million shares by April 15th. This represents approximately 24.8% of the company's shares being sold short, with a days-to-cover ratio of 8.0 days. Institutional investors have also been adjusting their positions, with several increasing their stakes in the company.
Bitdeer Technologies (BTDR) CTO details 300,000-share option positions
Bitdeer Technologies Group's Chief Technology Officer, Ma Yuling, recently filed an amended Form 3, disclosing holdings of two share option awards, each for 150,000 Ordinary Shares. These options have exercise prices of $8.96 and $11.30, and expire in April and July of 2035, respectively. The options are subject to a five-year vesting schedule, contingent on continued service and, for one grant, additional performance factors.
Bitdeer Technologies Group (BTDR) Rating Lowered by Cantor Fitzgerald Amid Execution Concerns
Cantor Fitzgerald downgraded Bitdeer Technologies Group (BTDR) from Overweight to Neutral and cut its price target, citing growing investor concerns about management's ability to execute its diverse initiatives, including Bitcoin mining, ASIC production, and AI-related services. Despite these concerns, Bitdeer recently launched its SEALMINER A4 series of Bitcoin mining machines designed for improved energy efficiency and stable operation. The company specializes in cryptocurrency mining and AI infrastructure, but the article suggests other AI stocks might offer better upside potential with less risk.
Bitdeer Technologies Group (NASDAQ:BTDR) Given Consensus Rating of "Moderate Buy" by Brokerages
Bitdeer Technologies Group (NASDAQ:BTDR) has received a consensus "Moderate Buy" rating from thirteen brokerages, with an average 12-month price target of $26.60. Institutional investors, including Fund Resources and Bank of America, have significantly increased their stakes. Despite missing EPS estimates, the company reported a substantial 225.8% year-over-year revenue increase.
Golden Navigate drops below 5% in Bitdeer (NASDAQ: BTDR) with 9.19M shares
Golden Navigate Investments Limited and Yishuo Hu have filed an Amendment No. 3 to their Schedule 13G/A report for Bitdeer Technologies Group (NASDAQ: BTDR), indicating that their beneficial ownership has fallen below 5%. They now beneficially own 9,193,115 Class A ordinary shares, representing 4.8% of the outstanding Class A shares. This filing is classified as an "exit filing" following a disposition of shares, though the details of the disposition, such as timing and proceeds, were not disclosed.
Bitdeer Technologies Group (BTDR) CFO reports long-dated option grants
Bitdeer Technologies Group (BTDR) CFO Jianchun Liu has reported existing holdings of share options in a Form 3 filing. The options include three grants with varying exercise prices, expiration dates, and vesting schedules for Class A Ordinary Shares. Many of these options are long-dated, with expirations ranging from August 2031 to April 2034, and their vesting is contingent upon continued service with the company.
Latest BTDR News - Bitdeer and Druk Holding & Investments to J...
This article provides an overview of Bitdeer Technologies Group (BTDR) news, highlighting its operations in Bitcoin mining and AI cloud services across various data centers. It covers company updates on self-mining hashrate, total hash rate under management, Bitcoins mined, and developments in SEALMINER manufacturing and AI cloud initiatives. The article also includes past financial results, operational updates, and the company's business combination with Blue Safari Group Acquisition Corp, detailing its Nasdaq debut.
Bitdeer (NASDAQ: BTDR) director discloses 9,000-share option grant
Bitdeer Technologies Group director LIM Yeow Beng has reported an initial holding of a stock option for 9,000 Class A Ordinary Shares, granted on July 1, 2025, with an exercise price of $11.30 per share and an expiration date of July 1, 2035. The option vests in four equal annual installments, subject to continued service. This filing, a Form 3, is not an open-market transaction but rather a compensation-related equity award.
Bitdeer (NASDAQ: BTDR) director details option grants and 3,556 shares
Bitdeer Technologies Group director Yang Guang George filed an amended SEC Form 3/A, detailing his equity holdings, which include various share options and 3,556 directly owned Class A Ordinary Shares. The options specify exercise prices ranging from $7.03 to $11.30 and expire between 2033 and 2035, with all grants vesting in four equal annual installments. The filing clarifies the origin of his direct share ownership from a partial exercise of options granted in 2023.
How Bitdeer’s New Scrypt Miner And Rising Hash Rate At Bitdeer Technologies Group (BTDR) Has Changed Its Investment Story
Bitdeer Technologies Group (BTDR) launched its new Scrypt-optimized miner, SEALMINER DL1 Air, and reported significant year-over-year increases in managed hash rate and self-mined Bitcoin for February 2026. This expansion into Scrypt mining and growth in Bitcoin operations aim to diversify Bitdeer's revenue and strengthen its investment narrative. Despite these positive developments, the article cautions investors to consider the company's capital-intensive growth, potential earnings volatility, and financing risks.
Bitdeer Technologies Faces Weak Start with 8% Gap Down Amid Market Concerns
Bitdeer Technologies Group, a small-cap company in the Commercial Services & Supplies sector, opened with an 8% loss and has seen significant stock declines recently, underperforming the S&P 500. Over the past day, the stock decreased by 12.32%, and by 15.61% over the past month, signaling a bearish sentiment from a technical perspective. The company has a market capitalization of approximately USD 1,977 million, a price-to-earnings ratio of 30.00, and a return on equity of 7.56%.
Tudor Investment Corp ET AL Invests $6.79 Million in Bitdeer Technologies Group $BTDR
Tudor Investment Corp ET AL created a new position in Bitdeer Technologies Group (NASDAQ:BTDR) during Q3, purchasing 397,402 shares valued at approximately $6.79 million. Several other institutions, including Bank of America Corp DE and Azora Capital LP, also increased or initiated stakes in the company, bringing institutional ownership to 22.25%. Despite missing EPS estimates, Bitdeer Technologies Group reported strong revenue growth, and analysts currently have a "Moderate Buy" consensus rating with an average price target of $26.60.
Bitdeer Technologies Hits Day Low of $8.14 Amid Price Pressure
Bitdeer Technologies Group's stock dropped 7.35% to a day low of $8.14, contrasting with the S&P 500's minor decrease, despite a recent weekly gain. The company has seen longer-term declines of 10.82% monthly and 23.55% year-to-date, underperforming the S&P 500. Nevertheless, Bitdeer reported strong quarterly results with substantial net sales and pre-tax profit, and significant institutional support.
Value Aligned Research Advisors LLC Raises Stock Position in Bitdeer Technologies Group $BTDR
Value Aligned Research Advisors LLC significantly increased its stake in Bitdeer Technologies Group (NASDAQ:BTDR) by 65.6% during the third quarter, now owning 1.38 million shares valued at approximately $23.56 million. Despite strong operational growth, including a 541% year-over-year increase in February bitcoin production, Bitdeer reported a substantial EPS miss. The stock is currently trading down by about 5.8%, amidst mixed analyst sentiment leading to a "Moderate Buy" consensus rating with an average target of $26.60.
Bitdeer Technologies Group (BTDR) Valuation Check After Steep IFRS Loss And Revenue Drop
Bitdeer Technologies Group (BTDR) is currently trading at $8.71, well below its fair value narrative of $28.92, suggesting it is 69.9% undervalued. The company's strategy involves vertical integration, including acquiring a 101-megawatt gas-fired power plant in Alberta to reduce operating costs and improve margins for its Bitcoin mining operations. Despite strong annual revenue growth, a sharp drop in Q4 2024 revenue to US$69 million and a US$531.9 million IFRS net loss raise concerns about the stability of its financial performance.
Bitdeer Technologies Group Opens with 6.93% Gain, Outperforming S&P 500's 1.01% Increase
Bitdeer Technologies Group opened with a significant 6.93% gain, outperforming the S&P 500's 1.01% increase, following robust quarterly financial results including substantial increases in net sales and profits. Despite strong institutional investor confidence and positive quarterly growth, the company faces challenges such as a negative return on equity and a high price-to-book ratio. Its one-month performance, however, shows an 18.65% decline, contrasting with strong daily gains.
Global Crypto Mining News in February：Bitcoin Mining Difficulty Surges Nearly 15% to a Record High, Bitdeer Liquidates Entire Bitcoin Holdings, etc
This article summarizes global crypto mining news in February, highlighting a nearly 15% surge in Bitcoin mining difficulty to a record high and Bitdeer liquidating its entire Bitcoin holdings to maintain liquidity for expansion. It also covers various mining companies' financial results, strategic shifts towards AI and HPC, regulatory developments in Russia and Uzbekistan, and challenges faced by miners due to market volatility and energy costs.
Bitdeer (NASDAQ: BTDR) director discloses share and option positions
Bitdeer Technologies Group director Naphat Sirimongkolkasem has reported existing share and option holdings in a Form 3 filing. The filing indicates direct ownership of 5,000 Class A Ordinary Shares and three option awards for a total of 32,518 Ordinary Shares. These options have varying exercise prices and expiration dates, with vesting subject to continued service with the company.
Azora Capital LP Takes $23.82 Million Position in Bitdeer Technologies Group $BTDR
Azora Capital LP has acquired a significant new stake in Bitdeer Technologies Group (NASDAQ:BTDR), purchasing over 1.39 million shares valued at approximately $23.82 million in Q3, representing 0.66% of the company. The Bitcoin mining firm's shares have recently traded near 52-week lows, despite a substantial year-over-year revenue increase of 225.8% in its latest quarter, though it missed EPS estimates. Analysts maintain a "Moderate Buy" consensus with an average target price of $26.60, with some recent price target adjustments.
Van ECK Associates Corp Has $14.47 Million Stock Holdings in Bitdeer Technologies Group $BTDR
Van ECK Associates Corp significantly reduced its stake in Bitdeer Technologies Group (BTDR) by 60.5% in the third quarter, now holding 846,707 shares valued at $14.47 million. Despite a "Moderate Buy" consensus rating and a revenue beat, Bitdeer missed EPS expectations, and several firms have recently lowered their price targets. The stock is currently trading around $7.85 with a market cap of $1.66 billion.
Neo Ivy Capital Management Buys New Holdings in Bitdeer Technologies Group $BTDR
Neo Ivy Capital Management has acquired a new stake in Bitdeer Technologies Group (NASDAQ:BTDR), purchasing over 200,000 shares valued at approximately $3.43 million, making it their 23rd largest holding. Other institutional investors have also increased their positions in Bitdeer, with hedge funds and institutional investors now owning about 22.25% of the stock. Despite a recent EPS miss and a stock drop, analysts maintain a "Moderate Buy" rating for BTDR with an average target price of $26.60.
Bitdeer Technologies Group (BTDR) Revenue Beats Estimates Despite EBITDA Shortfall
Bitdeer Technologies Group (BTDR) saw its revenue beat estimates in Q4, despite an EBITDA shortfall, leading Needham to reduce its price target to $22 from $30 while maintaining a Buy rating. Needham anticipates Bitdeer signing a lease for its Tydal plant within two to five months, with lower capital expenditures than typical builds, and has issued 2027 estimates reflecting 150MW of colocation revenue. The price target reduction accounts for weaker Bitcoin rates, rising costs, and uncertainty at US sites, with the firm also noting ambiguity around an HPC tenant due to lawsuits at the Clarington location.
Bitdeer Technologies Group (BTDR) Is Down 11.6% After Pivoting Bitcoin Reserves Into AI Infrastructure Shift
Bitdeer Technologies Group (BTDR) saw an 11.6% stock drop after announcing a pivot from Bitcoin reserves to AI infrastructure. The company liquidated its entire Bitcoin treasury, including selling 943 BTC for approximately US$62 million, to fund datacenter expansion and invest in AI and high-performance computing. This strategic shift, along with new equity and convertible note offerings, aims to fuel growth but also increases the company's balance sheet and execution risk.
Keystone Investors PTE Ltd. Takes Position in Bitdeer Technologies Group $BTDR
Keystone Investors PTE Ltd. has acquired a new stake in Bitdeer Technologies Group (NASDAQ:BTDR), purchasing 458,958 shares valued at approximately $7.844 million, making it their 25th largest holding. Other institutional investors have also adjusted their positions in BTDR. Bitdeer Technologies Group recently reported an EPS of ($0.73) for the quarter, missing analyst estimates, but its revenue increased by 225.8% compared to the previous year.
Bitdeer Exits Bitcoin, Cutting Holdings to Zero Amid BTC’s Slide to $65K
Bitdeer Technologies Group has fully liquidated its Bitcoin holdings, selling a net 943.1 BTC along with its weekly production of 189.8 BTC, amidst Bitcoin's slide to the $65,000 range. This strategic shift moves the company away from being a "HODL" entity to focusing on AI and High-Performance Computing, aiming to capitalize on the demand for AI cloud services. The move comes during a period of market "Extreme Fear" and increasing mining difficulty, impacting market volatility and investor sentiment, although major entities like MARA Holdings and MicroStrategy continue to strengthen their Bitcoin reserves.
Is Bitdeer Technologies Group (BTDR) Pricing Reflect Recent Share Slide And Crypto Infrastructure Focus
Bitdeer Technologies Group (BTDR) has experienced significant share price declines recently. A Discounted Cash Flow (DCF) analysis suggests the stock is currently undervalued by 85.9%, with an estimated intrinsic value of $55.29 per share compared to its recent price of $7.78. However, its Price-to-Earnings (P/E) ratio of 28.6x, compared to a "Fair Ratio" of 10.4x, indicates it might be overvalued based on earnings fundamentals.
Bitdeer Sells All Bitcoin Holdings Amid Margin Squeeze
Bitdeer Technologies has liquidated all of its corporate Bitcoin holdings, reporting zero BTC on its balance sheet as of February 20, 2026. This decision contrasts with common industry practice where most miners hold Bitcoin, and comes amidst tightening mining margins and recent capital raises by the company. The company cited increased network difficulty, falling hashprice, and narrowed gross margins as reasons for the full treasury exit.
Bitdeer Hits Zero Bitcoin Holdings - Sold Every Coin It Mined While Raising $300M In Debt
Bitdeer Technologies Group has reported zero Bitcoin (BTC) holdings as of February 20, 2026, having sold all its mined Bitcoin and its remaining reserves. This liquidation follows an eight-week drawdown which coincided with a $300 million convertible note offering and direct equity sale. The company is redirecting capital towards proprietary ASIC chip development and AI data center infrastructure, leading to a significant shift from its previous Bitcoin treasury accumulation strategy.
Bitdeer's bitcoin treasury drops to zero after miner liquidates remaining 943 BTC
Bitcoin miner Bitdeer has completely emptied its corporate bitcoin treasury, reporting zero BTC holdings as of February 20, 2026, after liquidating its remaining 943.1 BTC. This liquidation follows a steady drawdown from roughly 2,000 BTC at year-end and aligns with the company's recent $325 million convertible notes offering and $43.5 million equity placement aimed at funding data center expansion and an AI pivot. The move positions Bitdeer uniquely among publicly traded bitcoin miners by self-mining hashrate, as most peers maintain significant BTC reserves.
4 Blockchain Stocks That Aren’t Coinbase
Despite a recent cryptocurrency market slump, this article highlights four blockchain stocks—Marathon Digital (MARA), Core Scientific (CORZ), Cipher Mining (CIFR), and Bitdeer Technologies Group (BTDR)—that offer exposure to emerging blockchain technology beyond Coinbase. These companies, primarily involved in digital asset mining and data center services, show strong analyst ratings and significant institutional investor interest, suggesting potential for growth despite current market volatility. The stocks are presented as attractive alternatives for investors looking to diversify their blockchain investments.
Bitdeer Technologies Group (NASDAQ:BTDR) Sees Strong Trading Volume - Here's What Happened
Bitdeer Technologies Group (NASDAQ:BTDR) experienced unusually strong trading volume, with 7.66 million shares traded mid-day, an 8% increase from the previous session. This surge followed the announcement of a large capital raise, including an upsized US$325 million convertible senior notes offering and a US$43.5 million direct equity placement, aimed at funding datacenter and AI expansion. Despite potential dilution and leverage risks, analysts maintain a "Moderate Buy" rating with an average price target of $26.60, and institutional investment in the company has grown.
Bitdeer Technologies Faces Back-to-Back Legal and Market Challenges
Bitdeer Technologies Group is struggling with a -15.39% stock decline due to environmental compliance issues and policy shifts. The company faces a class-action lawsuit for allegedly concealing crucial information, leading to a downgrade by Keefe Bruyette, while product delays and facility incidents further exacerbate investor concerns. Despite these challenges, Bitdeer's AI cloud strategy offers a potential upside if successfully executed amidst the current market volatility.
Bitdeer Announces Proposed Private Placement of US$300.0 Million of Convertible Senior Notes
Bitdeer Technologies Group announced its intention to offer US$300.0 million in Convertible Senior Notes due 2032 through a private placement. The company plans to use the proceeds for datacenter and AI cloud business expansion, ASIC mining rig development, working capital, and to fund capped call transactions. This offering is part of a broader financial strategy that also includes a registered direct offering of Class A ordinary shares and the repurchase of some of its 2029 convertible senior notes.
Bitdeer Balances Bitcoin Mining Scale With Expanding AI Infrastructure Ambitions
Bitdeer Technologies Group, the largest public Bitcoin miner by self-mining hash rate, is significantly expanding into AI infrastructure, including GPU as a service and AI colocation offerings. The company plans to retrofit a hydropower facility to support AI workloads in Norway, Malaysia, and the U.S., creating a mixed profile that combines digital assets with compute infrastructure. This strategic pivot may shift market perception of BTDR from a pure miner to a broader compute provider, with the balance between Bitcoin and AI revenue becoming a key metric for investors.
Listed bitcoin mining company Bitdeer sold 96.5 BTC, holding 943.1 BTC
Bitdeer Technologies, a listed bitcoin mining company, has sold 96.5 BTC and currently retains a holding of 943.1 BTC. This information was reported by Foresight News, based on monitoring data from BitcoinTreasuries.NET.
Listed bitcoin mining company Bitdeer sold 96.5 BTC, holding 943.1 BTC
Bitdeer Technologies, a listed bitcoin mining company, recently sold 96.5 BTC. Following this sale, the company's current holdings amount to 943.1 BTC. This data was reported by Foresight News, based on monitoring by BitcoinTreasuries.NET.
