Bitdeer (BTDR) Stock Soars 30% to Record High on Bitcoin Boom & AI Pivot

Stock Rally: BTDR jumped ~30% intraday on Oct. 15, 2025, hitting a new 52-week/all-time high (~$27) as Bitcoin rallied and Bitdeer unveiled major AI/HPC initiatives ^[1] ^[2]. The surge follows a 10%+ gain on Oct. 14 and has put BTDR well above year-ago levels.
Production & Hashrate: In a September update, Bitdeer reported it mined 452 BTC – 20.5% more than in August – thanks to its expanding self-mining fleet ^[3]. Proprietary hashrate now stands at 35.0 exahashes/second, on track to reach 40 EH/s by end-October ^[4] ^[5].
AI/Data Strategy: Bitdeer is aggressively repurposing its mining sites for AI workloads. Its Clarington (Ohio) site will have 570 MW available by late 2026 – nearly a year earlier than planned ^[6] ^[7] – and the company expects to deploy >200 MW for AI by end-2026, potentially generating >$2 billion annually ^[8] ^[9]. As CBO Matt Kong put it, “This push is driven by a marked increase in inbound interest in our power assets,” a “strong catalyst” for expansion ^[10].
Analyst Sentiment: Wall Street is bullish. Cantor Fitzgerald just raised its BTDR price target from $30 to $50 ^[11], while Roth Capital reiterated a “Buy” rating with a $40 target ^[12] ^[13]. Overall, 12 of 13 surveyed analysts rate BTDR a Buy (average target ~$26–27) ^[14] ^[15]. This reflects confidence in Bitdeer’s rapid hash-rate growth and new revenue streams from AI/data centers.
Sector Context: Bitdeer’s rally is part of a wider crypto-mining upswing. Bitcoin has climbed toward record highs (~$110–120K), and mining stocks (Marathon, Riot, Hut 8, etc.) have surged with the bull market ^[16] ^[17]. A recent report notes the market value of major miners has roughly doubled in weeks ^[18]. However, stiff network difficulty has driven the bitcoin “hashprice” down (~$47 per PH/s), pressuring miner margins even as prices rebound ^[19].

Bitdeer Stock Rallies on Crypto and AI News

On October 15, 2025, Bitdeer’s stock spiked after the company disclosed stronger mining results and a broader strategy push into AI/high-performance computing (HPC). In pre-market trading that day, BTDR jumped about 21% ^[20], and intraday hit a high around $27.80 ^[21] – an all-time peak. According to CoinDesk, Bitdeer shares jumped as much as 30% after announcing plans to develop its own AI data centers and repurpose mining sites for AI workloads ^[22] ^[23]. By midday the stock was around $25–26 ^[24], well above recent trading levels. As Investing.com reports, BTDR is up roughly +10% year-to-date (and nearly +180% from one year ago) ^[25] ^[26], reflecting strong investor enthusiasm.

The rally was largely driven by Bitdeer’s operational update and expansion plans. In its September production release, Bitdeer mined 452 BTC – up 20.5% from August – as new SEALMINER rigs came online ^[27]. The company’s self-mining power rose to 35.0 EH/s, with a goal of 40 EH/s by end-October ^[28] ^[29]. These gains underpin Bitdeer’s profitability as Bitcoin prices climb. CEO Matt Kong and CBO Matt Kong emphasized that growing demand for data center power is fueling the company’s strategy pivot. As Kong said, “This push is driven by a marked increase in inbound interest in our power assets, which has become a strong catalyst for expanding our efforts” ^[30], referring to Bitdeer’s move to host AI computing clients.

Robust Mining Output and Hashrate Growth

Bitdeer’s latest figures show a sharp increase in mining output. According to the September operations report, the 452 BTC mined was a record for the company, on the back of a 33% monthly rise in its self-mined production ^[31] ^[32]. The boost came from new generation SEALMINER A2 rigs and energy-efficient A3 models being deployed. In fact, Bitdeer notes it started mass production of the SEALMINER A3 in September, with first shipments expected by October ^[33]. The company has also completed the tape-out of its next-gen SEAL04 chip, achieving sub-10 Joules/TH efficiency ^[34], which should further lower operating costs.

In infrastructure terms, Bitdeer’s global power pipeline has climbed to about 3 gigawatts. The firm commissioned new capacity at Tydal (Norway) and a Bhutan site, and opened a 300 MW pipeline in Niles, Ohio ^[35]. All of this underpins its hashrate growth targets: 35 EH/s now with 40 EH/s imminent ^[36], making Bitdeer one of the largest public miners (recently surpassing Riot to become fifth-largest ^[37]).

Bold AI/HPC Data Center Push

Bitdeer is leveraging its crypto mining infrastructure for AI and cloud computing. It has shifted from relying on partners to directly developing its own AI data centers. The company confirmed that Clarington, Ohio’s 570 MW power supply will be fully available by late Q3 2026 – almost a year ahead of schedule ^[38] ^[39]. In practical terms, Bitdeer plans to dedicate over 200 MW of that capacity to AI computing by end-2026, with management projecting that “in an optimistic scenario…[its] AI operations could generate more than $2 billion in annualized revenue” ^[40]. Other sites, such as Tydal (Norway) and a Washington state facility, are also being converted to support hundreds of MW for AI workloads ^[41].

This diversification is a strategic response to surging demand for data-center power. As industry observers note, many crypto miners (e.g. Bitfarms, Cipher) are pivoting to AI hosting to capitalize on skyrocketing GPU demand ^[42]. Bitdeer, with its vertical integration (it even manufactures its own rigs), is positioning itself as a “one-stop” blockchain computing provider. Its cloud hash-rate service has reached ~$8M in annual recurring revenue for AI workloads, using 584 GPUs at ~86% utilization ^[43]. In short, Bitdeer aims to monetize its excess power capacity beyond just Bitcoin mining.

Wall Street Bullish – Analysts Raise Targets

Investor sentiment is overwhelmingly positive. On Oct. 15, Cantor Fitzgerald raised its Bitdeer price target from $30 to $50 (with an “Overweight” rating) ^[44], reflecting confidence in the company’s growth plans. The same day, Roth Capital reiterated a “Buy” rating and $40 target ^[45] ^[46]. Benzinga notes Roth’s $40 goal implies nearly 100% upside from recent prices ^[47]. BTIG’s Gregory Lewis also lifted his target to $25 recently ^[48] ^[49]. Overall, MarketBeat reports 12 of 13 analysts rate BTDR a Buy (average target ~$24–26) ^[50] ^[51]. These forecasts highlight Wall Street’s optimism. As one analysis put it, “Bitdeer is now a mid-sized player among public crypto miners…growing fast” ^[52], and with its new AI/business pivot, it could deliver outsized returns.

In the public markets, institutional interest is growing. Hedge funds have been accumulating BTDR, with some funds boosting stakes 30–70% in recent quarters ^[53] ^[54]. Bitdeer’s market capitalization is now on the order of $4–5 billion, comparable to peers like Marathon and Hut 8 ^[55] ^[56]. The stock’s technical picture is strong: analysts note it cleared major resistance at the old high ~$20 and has traded in record volumes as momentum builds.

Crypto Mining Industry Trends

Bitdeer’s breakout coincides with a broader mining-stock frenzy. Bitcoin’s price is trading near record levels (~$110K on Oct. 15) ^[57], which generally lifts miners. Indeed, TheMinerMag reports that the combined market cap of major Bitcoin miners has more than doubled to ~$90 billion in recent weeks, with Bitdeer’s 32% gain leading the charge ^[58]. Almost every large miner is at or near 52-week highs. The rally is fueled partly by investor interest in vertically-integrated miners that also build ASICs and data centers ^[59].

That said, operational headwinds remain. The Bitcoin network hash-rate recently topped 1 zettahash, driving mining difficulty to all-time highs ^[60]. This means each EH/s generates fewer coins. As a result, the industry’s “hashprice” – revenue per unit of hash power – has fallen. TheMinerMag notes hashprice is around $47 per PH/s, down from earlier in the year ^[61], which squeezes margins even as BTC prices rise. Energy costs and capital-intensive growth (Bitdeer has raised debt and equity for expansion) are additional challenges. In short, while Bitcoin’s rally provides a strong tailwind, miners must contend with rising costs and share dilution.

Outlook

Bottom Line: Bitdeer is at the intersection of two major trends: a renewed Bitcoin rally and a tech-driven pivot into AI/data centers. Recent developments have clearly energized the stock, but analysts caution execution risk. Still, with bullish price targets (up to $50) and a “Strong Buy” consensus ^[62] ^[63], many see BTDR as having significant upside. As CoinDesk summarizes, Bitdeer’s strategy reflects a “marked increase in inbound interest” in its power and positions it to tap booming AI demand ^[64]. Investors will be watching upcoming mining updates and AI partnerships closely, but for now, Bitdeer is riding high on the crypto/AI wave.

Sources: Recent updates and analysis from Bitdeer’s filings and news releases ^[65] ^[66], financial news outlets (Investing.com, CoinDesk, MarketBeat, TheMinerMag) ^[67] ^[68] ^[69] ^[70], and industry reports on the crypto mining sector ^[71] ^[72]. These provide the latest stock performance, expert quotes, and context on the mining industry.