BTDR Stock Soars on Aggressive Pivot to AI Infrastructure

Bitdeer Technologies Group's stock price has been rising by 8.79% amid bullish sentiment on its expanding bitcoin mining operations, according to recent market trends.

The company's aggressive pivot into AI infrastructure has pre-contracted about 50% of its 9.5 MW A102 AI cloud facility in Malaysia under a five-year offtake deal, expected to generate roughly $400M in revenue starting in 2027/01.

Analysts from H.C. Wainwright and Barclays have backed BTDR's shift toward AI and colocation, reiterating a $25 target and pointing to a $4.7B Norway lease as a multi-year growth anchor. Barclays initiated coverage with an Overweight rating and a $15 target.

While the company posted Q2 2026 revenue of $228.8M, which grew strongly and slightly beat expectations, it stayed unprofitable with a $0.37 per-share loss and negative gross margins.