Bitdeer (BTDR) Soars 15.7%, Tracks Bitcoin Rally to $110K
Bitdeer Technologies Group (NASDAQ:BTDR) is one of the Double Digit Gains: 10 Stocks Soaring Like Crazy.
Bitdeer Technologies soared by 15.75 percent on Wednesday to close at $13.08 apiece, tracking the rally of Bitcoin prices as it retests the $110,000 level.
During the session, Bitdeer Technologies Group (NASDAQ:BTDR) rallied alongside its Bitcoin mining peers after the cryptocurrency traded higher to hit a new three-week high, with investors growing more optimistic about the widening adoption of digital assets.
A construction team in a mining datacenter building work site with plans and equipment in hand.
Additionally, investors took heart from its fast-growing AI cloud platform Bitdeer AI, with the company planning to evolve its platform into a next-generation cloud service that combines AI-driven automation with adaptive infrastructure.
“It aims to build a truly intelligent cloud—one that anticipates developer needs, automates repetitive tasks, and delivers consistent performance at scale. These enhancements will further lower the barriers to entry for organizations seeking to deploy AI solutions while ensuring robust security and compliance controls,” Bitdeer Technologies Group (NASDAQ:BTDR) said.
While we acknowledge the potential of BTDR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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