BTDR Stock Skyrockets on Expansion Plans for Bitcoin and AI Capacity

Bitdeer Technologies Group's stock has seen a significant increase of 11.17% after the company announced its expansion in both Bitcoin and AI capacity. The surge in Bitcoin production, which reached 990 BTC in June with a self-mining hash rate of 73.0 EH/s, marks a 388% year-over-year growth.

The company's AI segment is also generating $76M in annualized recurring revenue at around 95% utilization. To support the growing demand for compute power, Bitdeer has signed a 10-year lease for a new 21.7MW data center in Malaysia, which is expected to go online in Q1 2027.

The company's expansion plans also include investing $36M in an advanced electronics facility in Sparks, Nevada, aimed at producing up to 10,000 SEALMINER units per month by late 2026. The significant stake held by a large investor through a Schedule 13G filing has further boosted the stock's momentum.