tl;dr
Bitdeer Technologies sees a 30% stock surge as Bitcoin's resilience and AI expansion drive sector momentum, with market cap surpassing $90 billion.
**Bitdeer Technologies' Stock Soars 30% Amid Bitcoin Resilience and AI Expansion**
*Crypto Mining Giant Leads Sector Rally as Market Cap Surpasses $90 Billion*
Bitdeer Technologies, a leading crypto mining firm, saw its stock surge nearly 30% on Wednesday, hitting an all-time high of $27. This sharp rise followed a two-day rally driven by record-breaking mining output and bold plans to expand into AI data centers. The momentum coincided with Bitcoin’s steady performance near $110,000, reflecting resilience in the crypto market and boosting investor confidence across the sector.
### Record Mining Output and Efficiency Gains
Bitdeer’s September mining results underscored its operational strength, with the company mining 452 BTC—a 20.5% increase from August. This boosted its self-mining hashrate to 35 exahashes per second (EH/s), with plans to reach 40 EH/s by October. The company’s deployment of new SEALMINER A2 and A3 rigs, which achieve energy efficiency below 10 joules per terahash, further solidified its competitive edge.
“Growing demand for computing power is fueling our expansion,” said Matt Kong, Bitdeer’s Chief Business Officer. “This is a catalyst for accelerating both our mining and AI initiatives.”
Bitdeer’s infrastructure growth also hit key milestones. Its total power pipeline now exceeds 3 gigawatts (GW), with new facilities online in Norway, Bhutan, and Ohio. The Clarington, Ohio site, set to deliver 570 megawatts by late 2026, is nearly a year ahead of schedule.
### AI Data Centers: A New Growth Engine
Bitdeer’s pivot toward AI infrastructure is reshaping its growth trajectory. The company plans to allocate over 200 MW of capacity to AI computing by 2026, with management estimating potential annual AI-related revenue exceeding $2 billion in an optimistic scenario. Conversions in Washington State and Tydal, Norway, are underway to support GPU-intensive workloads, enabling the firm to monetize excess power during Bitcoin market downturns.
This dual focus on crypto mining and AI hosting allows Bitdeer to balance cyclical crypto revenues with steady demand from clients in cloud computing, autonomous systems, and large-scale model training. Its AI cloud service already generates $8 million in recurring revenue at 86% GPU utilization.
### Analyst Optimism and Sector-Wide Momentum
Wall Street has taken notice. Cantor Fitzgerald raised its price target for Bitdeer to $50, citing its “dual-engine growth story,” while Roth Capital reaffirmed a Buy rating at $40. BTIG set a target of $25, and institutional holdings have surged, with hedge funds increasing stakes by up to 70% in recent quarters.
The broader mining sector is also riding the wave of optimism. Marathon Digital closed at $22.84, Riot Platforms at $22.13, and CleanSpark climbed 5.5% to $23.20. Applied Digital, which is also expanding into AI data centers, surged 14%, while Hut 8, Cipher Mining, and Canaan Technologies saw gains of 6–10%.
### Navigating Challenges in a Competitive Landscape
Despite Bitcoin’s network hashrate surpassing one zettahash and difficulty hitting record highs, Bitdeer’s strategic diversification into AI is seen as a safeguard against crypto market volatility. The company’s vertical integration—from ASIC design to self-mining and data centers—positions it as a “one-stop” blockchain computing provider.
### A New Era for Digital Infrastructure
The mining sector’s combined market capitalization has now surpassed $90 billion, more than doubling since August. This growth reflects a shift toward diversified, scalable operations that leverage both crypto and AI demand. As Bitcoin remains near record levels and institutional investors pour into digital infrastructure, firms like Bitdeer are leading the charge in a new phase of industry expansion.
With its robust mining operations, AI ambitions, and strategic infrastructure investments, Bitdeer exemplifies the evolving landscape of digital assets—where innovation and adaptability are key to sustained success.