BTDR Stock Surges on Malaysia AI Contract and Norway Data Center Lease

Bitdeer Technologies Group's stock has surged by 8.05% as investors become increasingly optimistic about its growing Bitcoin mining capacity.

The company has secured a five-year contract with an investment-grade customer for its new AI cloud facility in Malaysia, which is expected to generate roughly $400 million starting from January 2027.

H.C. Wainwright reiterates a buy rating on BTDR and sets a price target of $25, citing the significant growth potential of the company's AI business. The analyst notes that the Norway AI data center lease is another major revenue anchor for Bitdeer Technologies Group.