Bitdeer Stocks Soar on Lucrative AI Contracts and Record-Breaking Bitcoin Output
Bitdeer Technologies Group's stock has been rising steadily due to its expanding Bitcoin mining operations and lucrative AI contracts. The company's share price climbed by 7.26% as it reported a significant increase in revenue, with about $620.3M generated from its activities. This growth can be attributed to the company's ability to secure multi-billion-dollar contracts for its AI data centers, such as the $4.7B, 16-year lease in Norway.
The company's AI unit has also seen a substantial increase in bookings, with over $800M in contracted revenue tied to its 9.5MW A102 AI cloud facility in Malaysia. Bitdeer is targeting up to 350MW of AI cloud capacity by 2028/04/01, supported by an AI pipeline above $2B.
On the Bitcoin side, Bitdeer's July production jumped 322% year-over-year to 1,190 BTC, powered by 76.7 EH/s of self-mining hash rate. The company has also announced a planned 28MW, 1.93 EH/s co-mining deployment at Soluna's wind-powered Texas site from 2026/09/01.