Bitdeer (BTDR) Soars 15.6% on Nvidia GB200 Adoption

We recently published 10 Big Names Delivering Outsized Gains. Bitdeer Technologies Group (NASDAQ:BTDR) was one of the top performers on Wednesday.

Bitdeer Technologies extended its winning streak to a third consecutive day on Wednesday, jumping 15.58 percent to finish at $14.76 apiece, as investors gobbled up shares following the launch of its NVIDIA GB200 NVL72 deployment in Malaysia, strengthening its mission to simplify and scale AI computing globally.

In a statement, Bitdeer Technologies Group (NASDAQ:BTDR) said that the deployment would support the most demanding AI workloads and represent a pivotal step in its broader strategy to expand its global AI infrastructure footprint, leveraging its robust power capacity and land resources to build next-generation systems for the AI-driven era.

Bitdeer Technologies Group (NASDAQ:BTDR) is underway with the expansion of its AI data center footprint with the construction of a 13 MW accelerated computing data center in Washington, a 37 MW accelerated computing data center in Tennessee, a 570 MW accelerated computing data center in Clarington, and a 175 MW facility in Tydal, Norway.

The Washington and Tennessee facilities, originally operated for cryptocurrency mining, are undergoing a full conversion to a GPU-optimized AI data center.

“The deployment of NVIDIA GB200 NVL72 infrastructure is a significant milestone in Bitdeer AI’s journey toward building a global, intelligent cloud,” said Louis Xu, Head of AI department for Bitdeer Technologies Group (NASDAQ:BTDR).

“With our expanding data center capacity, land reserves, and GPU infrastructure, we’re creating a strong foundation that supports the entire AI lifecycle, from model training to intelligent application deployment. This is how we turn ‘AI Power, Simplified’ into reality.”

While we acknowledge the potential of BTDR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.