Bitdeer Technologies is trading 10.9% up now at $11.57 after Barclays initiated coverage with an Overweight rating and a $15 price target, citing its shift toward AI and high-performance-computing infrastructure.
- Bitdeer AI’s approximately $400 million, five-year Malaysia cloud contract covers half of its A102 facility.
- Bitcoin is up 6.75% since August 20’s close, supporting broader crypto-mining sentiment.