Crypto Miner Bitdeer Gains 30% Amid Push Into AI and Data Center Infrastructure

Bitdeer Climbs 30% on Push Into AI and HPC Data Centers

Bitcoin mining firm Bitdeer Technologies (BTDR) surged as much as 30% on Wednesday after announcing plans to accelerate its expansion into high-performance computing (HPC) and artificial intelligence (AI) infrastructure. Shares traded above $26, their highest level since January.

The Singapore-based company said it will directly manage its AI data center development, starting with the Clarington, Ohio facility, where all 570 megawatts (MW) of electrical capacity will be available by Q3 2026—almost a year ahead of schedule. Additional conversions are planned at Tydal, Norway, and Wenatchee, Washington, with Tydal expected to support 164 MW of AI computing by late next year.

Bitdeer cited a “sustained imbalance” between AI computing demand and supply and expects to deploy over 200 MW for AI operations by the end of 2026, potentially generating more than $2 billion in annualized revenue.

“This push is driven by growing interest in our power assets, which has become a strong catalyst for expansion,” said Matt Kong, chief business officer.

The move aligns with a broader trend of crypto miners pivoting toward AI infrastructure, as companies like Bitfarms, IREN, and TeraWulf attract investor attention as proxy bets on AI data center growth.