New York, Jan 14, 2026, 12:24 PM EST — During the regular session
- Shares of Bitdeer climbed roughly 11% by midday, boosted by a surge in bitcoin-related stocks
- Company highlights Nvidia GB200 NVL72 rollout in Malaysia amid expansion of its AI cloud services
- The December report revealed a sharp rise in bitcoin output, driven by an increase in self-mining hashrate
Shares of Bitdeer Technologies Group jumped roughly 11% on Wednesday, pushing higher amid a strong bounce in crypto miners. The stock hit $14.18 by midday as investors targeted bitcoin-linked plays.
Bitcoin climbed roughly 4.6% on the day, sparking gains across the mining sector. Marathon Digital shares jumped around 1.8%, Riot Platforms added 5.7%, and CleanSpark surged close to 10.3%.
Bitdeer is shifting focus beyond just crypto mining. On Tuesday, Bitdeer AI, a division of the company, announced it started rolling out Nvidia’s GB200 NVL72 systems in Malaysia as it pushes deeper into the AI cloud market. (Businessinsider)
In the same release, the company detailed a larger expansion: data centers now being built include 13 megawatts in Washington State and 37 megawatts in Tennessee. Additionally, there’s a 570-megawatt project underway in Clarington, U.S., plus a 175-megawatt facility in Tydal, Norway. Bitdeer reported managed power capacity of about 3 gigawatts spread across the U.S., Norway, Bhutan, and Canada, and said it’s preparing for Nvidia’s upcoming GB300 systems.
Louis Xu, head of Bitdeer AI, called the rollout of NVIDIA GB200 NVL72 infrastructure “a significant milestone” in the statement.
Bitdeer revealed earlier this week that it mined 636 bitcoins in December, marking a roughly 339% jump compared with last year. Its self-mining hashrate climbed to 55.2 EH/s, reflecting the computing power dedicated to bitcoin mining. The company also reported having 1,152 GPUs deployed in its cloud business, with a utilization rate of 61%, and an external subscription base generating around $10 million in annual recurring revenue. (GlobeNewswire)
“SEALMINER mass production is driving faster growth in our self-mining operations,” Chief Business Officer Matt Kong said, highlighting the surge in bitcoin output and the company crossing 55 EH/s.
Traders see these figures as miners once again behaving like high-beta plays tied to bitcoin. When bitcoin shifts, mining stocks tend to swing even harder — and it can get ugly fast if bitcoin drops or mining margins shrink.
Analyst sentiment remains bullish on the sell side, but it’s been recent price action that’s really driven the narrative. Rosenblatt Securities stuck with a buy rating on Bitdeer and held firm on a $30 price target Wednesday, according to MarketBeat’s analyst tracking.
Risks are mounting. Bernstein Liebhard announced Monday that a securities fraud class action suit has been filed against Bitdeer, with a Feb. 2 deadline for those seeking lead-plaintiff status. The complaint targets statements related to the company’s SEALMINER A4 project. (GlobeNewswire)
Investors are eyeing two key upcoming tests: first, if the January launch of GB200-based cloud services can convert proof-of-concept work into actual customers. Second, whether bitcoin’s recent rally can sustain through the end of the week. Another important date is Feb. 2, when the lead-plaintiff window for the class action lawsuit shuts.
