Bitdeer Stock Jumps After Hours: Here's Why

Bitdeer Technologies Group (NASDAQ: BTDR) shares rose 7.02% in after-hours trading, reaching $8.23, following the announcement of a significant operations update for September. The company mined 1,355 Bitcoin last month, marking a 200% year-over-year increase, and expects continued growth in its mining results. Additionally, Bitdeer acquired 200 acres for AI/HPC infrastructure and secured agreements for 67MW and 60MW of capacity at its data centers, projecting over $1.7 billion in revenue from its A201 data center over five years, boosting its AI Cloud revenue backlog to approximately $2.9 billion.