Bitdeer Stock Jumps as H.C. Wainwright Highlights $1.7 Billion AI Cloud Revenue Commitments

Bitdeer Technologies Group Inc. (NASDAQ: BTDR) shares rose 6.95% to $11.39 following H.C. Wainwright's reiteration of a Buy rating and a $25 price target, driven by new AI Cloud offtake commitments. These commitments cover over 70% of Bitdeer's 21.7-megawatt facility in Malaysia and are expected to generate more than $1.7 billion in revenue over five years, equating to approximately $340 million in annual recurring revenue. This announcement more than doubles the total contracted revenue for the AI Cloud business.