BTDR Stock Sees 10.71% Surge on Shift to AI and Cloud Demand

Bitdeer Technologies Group's stock has surged by 10.71% due to positive crypto-mining expansion news.

The company, which recently won the AI Breakthrough 'AI Cloud Platform of the Year' award for a second year in a row, is shifting its focus from pure bitcoin mining to high-performance compute for hyperscale clients.

Citizens has initiated coverage on Bitdeer Technologies Group with an Outperform rating and a $35 price target, citing the company's pivot towards AI and cloud demand.

The company's operational numbers also justify the buzz, including a 370% year-over-year jump in May 2026 output to 921 BTC and self-mining hashrate of 70.2 EH/s.