Bitdeer Jumps 10% as Bitcoin Nears Record High

Overview

• Shares closed at $19.42 on Oct. 3 and ticked higher after hours to $19.74, tracking Bitcoin’s rally toward roughly $124,000.
• Bitcoin traded around $122,375 on Saturday, a one-week gain of about 9%, helping lift crypto-mining equities.
• Analysts remain positive on BTDR, with Roth Capital boosting its 12-month target to $40 and others in the $22–$25 range.
• Bitdeer is scaling operations with a goal of 40 EH/s of self-mining hash rate by October and has rolled out its Sealminer A3 rigs to cut power per hash.
• The company is pursuing AI and HPC opportunities, including a 570 MW expansion agreement at its Clarington, Ohio site, while balancing growth with heavy capex after Q2 revenue rose 56.8% to $155.6 million and net loss reached $147.5 million.