Why Bitdeer Technologies Group (BTDR) Soared Last Week

We precocious published a database of Why These 10 Firms Recorded Double-Digit Gains Last Week. In this article, we are going to instrumentality a look astatine wherever Bitdeer Technologies Group (NASDAQ:BTDR) stands against different firms that recorded double-digit gains past week.

Ten companies finished the past trading week connected a precocious note, outperforming the 3 large indices with double-digit gains amid a flurry of catalysts, including upcoming net releases, that sparked buying appetite.

Week-on-week, the Nasdaq rallied by 6.7 percent, the S&P 500 clocked successful a 4.59-percent gain, portion the Dow Jones was up by 2.48 percent.

In this article, we person listed past week’s apical 10 performing stocks and elaborate the reasons down their gains. The stocks were chosen based connected the highest percent summation successful closing prices connected April 25 arsenic against their prices connected April 17, oregon the week prior.

To travel up with the list, we considered lone the companies with a $2-billion marketplace capitalization and a $5-million trading volume.

A operation squad successful a mining datacenter gathering enactment tract with plans and instrumentality successful hand.

Bitdeer Technologies Group (NASDAQ:BTDR)

Bitdeer Technologies surged by 38.19 percent week-on-week to extremity astatine $10.53 apiece connected Friday versus the $7.62 adjacent connected April 17 pursuing quality that it was offered arsenic overmuch arsenic $200 cardinal successful recognition installation to concern its enlargement plans.

Earlier this week, Bitdeer Technologies Group (NASDAQ:BTDR) said that it entered into a indebtedness statement with Matrixport, a institution besides owned by its chairman, Jihan Wu, for a $200-million recognition installation to concern its Bitcoin ASIC manufacturing efforts. The indebtedness carries a adaptable involvement complaint of 9 percent and is repayable successful fixed monthly installments implicit a play of 24 months.

As of April 2021, Bitdeer Technologies Group (NASDAQ:BTDR) said it was already capable to gully arsenic overmuch arsenic $43 cardinal from the recognition line.

In different news, BTDR precocious acquired a 101-megawatt information halfway successful Alberta, Canada, for $21.7 million.

Last month, BTDR said it was capable to excavation 114 Bitcoins astatine a hash complaint of 24.2 EH/s. It besides completed wide accumulation of 3.8 EH/s for its SEALMINER A1 mining rig, launched the SEALMINER A2 Pro bid Bitcoin mining rigs, and obtained regulatory support for Phases 1 and 2 of its Tydal, Norway site.

“We expect to energize much than 600 MW of powerfulness capableness implicit the adjacent fewer months, including our Bhutan site,” the institution said.

Overall, BTDR ranks 2nd connected our database of firms that recorded double-digit gains past week. While we admit the imaginable of BTDR arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns and doing truthful wrong a shorter clip frame. There is an AI banal that went up since the opening of 2025, portion fashionable AI stocks mislaid astir 25%. If you are looking for an AI banal that is much promising than BTDR but that trades astatine little than 5 times its earnings, cheque retired our study astir this cheapest AI stock.