Photo by BeInCrypto <\/p>\n
Crypto mining firm Bitdeer Technologies’ stock surged nearly 30% on Wednesday to an all-time high of $27, extending a two-day rally fueled by stronger mining output and ambitious AI data\u2011center plans.<\/strong><\/p>\n The rally coincided with Bitcoin\u2019s steady hold near $110,000, signaling resilience after recent gains and boosting confidence across the mining sector. The combined market capitalization of listed miners has now exceeded $90 billion \u2014 more than double the level recorded in August.<\/p>\n Bitdeer mined 452 BTC in September, up 20.5% from August, pushing its self\u2011mining hashrate to 35 exahashes per second. Management expects 40 EH\/s by the end of October. These gains follow the rollout of new SEALMINER A2 and A3 rigs, which achieve efficiency below 10 joules per terahash.<\/p>\n \u201cOur expansion is fueled by growing demand for computing power,\u201d said Chief Business Officer Matt Kong. \u201cThis has become a strong catalyst for accelerating both our mining and AI initiatives.\u201d<\/p>\n<\/blockquote>\n Bitdeer\u2019s total power pipeline has reached around 3 gigawatts, with new capacity online in Norway, Bhutan, and Ohio. Its Clarington, Ohio site will deliver 570 megawatts by late Q3 2026 \u2014 nearly a year ahead of schedule.<\/p>\n The company plans to dedicate over 200 MW of capacity to AI computing by 2026. Management estimates that, in an optimistic scenario, annual AI\u2011related revenue could exceed $2 billion. Additional conversions in Washington State and Tydal, a region in central Norway, are underway to support GPU\u2011intensive workloads.<\/p>\n The initiative helps Bitdeer balance cyclical crypto revenues with steady AI service demand. Its AI centers provide flexible capacity for clients in cloud computing, autonomous systems, and large\u2011scale model training, allowing the company to monetize excess power during Bitcoin downturns.<\/p>\n Story Continues <\/p>\n The broader trend shows miners diversifying into AI hosting as GPU demand surges. Bitdeer\u2019s vertical integration \u2014 from ASIC design to self\u2011mining and data centers \u2014 positions it as a \u201cone\u2011stop\u201d blockchain computing provider. Its AI cloud service generates about $8 million in recurring revenue at 86% GPU utilization.<\/p>\n Wall Street remains optimistic. Cantor Fitzgerald raised its price target to $50 with an Overweight rating, while Roth Capital reaffirmed a Buy at $40. BTIG, a US\u2011based investment bank, set its target at $25. Institutional holdings have also climbed sharply, with hedge funds boosting stakes by as much as 70% in recent quarters.<\/p>\n Still, the sector faces challenges. Bitcoin\u2019s network hashrate has surpassed one zettahash, pushing difficulty to record highs and lowering hashprice to about $47 per petahash per second. Even so, investors view Bitdeer\u2019s mix of AI expansion and efficient mining as a rare dual\u2011engine growth story in the digital infrastructure boom.<\/p>\n The rally has spread across the mining sector. Marathon Digital closed the day at $22.84, maintaining upward momentum, while Riot Platforms finished near $22.13, reflecting a similar trend. Both stocks are trading near their recent 52-week highs. Meanwhile, CleanSpark advanced 5.5% to settle at $23.20, as analysts pointed to improved cost efficiency and new facility expansions.<\/p>\n Applied Digital, which is also pivoting toward AI data\u2011center services, climbed 14% amid rising enthusiasm for GPU infrastructure plays. Hut 8 and Cipher Mining posted smaller gains of 6\u20138%, while Canaan Technologies jumped more than 10% after securing a large order for its Avalon A15 Pro miners.<\/p>\n These parallel gains highlight renewed confidence in vertically integrated miners that combine self\u2011mining, hardware design, and AI hosting capabilities. With Bitcoin prices stable near record levels and institutional funds rotating into digital infrastructure equities, the mining sector appears poised for a new phase of growth driven by diversification and scale.<\/p>\n The combined market capitalization of major public miners has surpassed $90 billion.<\/p>\n Read original story Bitdeer Jumps 30% to All-Time High on AI Expansion<\/a> by Sangho Hwang at beincrypto.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Photo by BeInCrypto Crypto mining firm Bitdeer Technologies’ stock surged nearly 30% on Wednesday to an all-time high…\n","protected":false},"author":2,"featured_media":124922,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,289,290,2078,986,18,19,17,10290,82],"class_list":{"0":"post-124921","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-computing-power","12":"tag-data-centers","13":"tag-eire","14":"tag-ie","15":"tag-ireland","16":"tag-mining","17":"tag-technology"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/124921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=124921"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/124921\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/124922"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=124921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=124921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=124921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
BTDR stock performance over the past day \/ Source: Yahoo Finance <\/p>\n
Top 10 Bitcoin Miners \u2013 Market Cap & Stock Moves \/ Source: BitcoinMiningStock <\/p>\n