TLDR
- Bitdeer Technologies stock jumped 30% on October 15, 2025, hitting an all-time high of $26.99 as Bitcoin prices rallied and the company announced plans to expand into AI data centers.
- The company mined 452 BTC in September, up 20.5% from August, with self-mining hashrate reaching 35.0 EH/s and targeting 40 EH/s by end of October.
- Bitdeer is repurposing its mining sites for AI workloads, with plans to deploy over 200 MW for AI computing by end of 2026, potentially generating over $2 billion in annual revenue.
- Cantor Fitzgerald raised its price target from $30 to $50, while Roth Capital maintained a Buy rating with a $40 target, with 12 of 13 analysts rating the stock a Buy.
- The stock surge is part of a broader crypto mining rally as Bitcoin trades near record highs around $110,000, with major miners’ combined market cap roughly doubling in recent weeks.
Bitdeer Technologies stock jumped approximately 30% on October 15, 2025, hitting an all-time high of $26.99. The rally came as Bitcoin prices climbed toward record levels around $110,000 and the company unveiled plans to expand into artificial intelligence data centers.
The stock opened in pre-market trading with a 21% jump and reached an intraday high around $27.80. By midday, shares were trading between $25 and $26. The surge follows a 10% gain the previous day on October 14.
Mining Production Climbs
Bitdeer reported mining 452 BTC in September, marking a 20.5% increase from August. The company’s self-mining hashrate rose to 35.0 exahashes per second. Management expects to reach 40 EH/s by the end of October.
The production gains came from deploying new SEALMINER A2 and A3 mining rigs. Bitdeer started mass production of the SEALMINER A3 in September. First shipments are expected in October.
The company completed tape-out of its next-generation SEAL04 chip. The chip achieves efficiency below 10 Joules per terahash. This should lower operating costs going forward.
Bitdeer’s global power pipeline has grown to about 3 gigawatts. The firm commissioned new capacity at sites in Tydal, Norway and Bhutan. It also opened a 300 MW pipeline in Niles, Ohio.
AI Data Center Strategy
Bitdeer is shifting from relying on partners to developing its own AI data centers. The company’s Clarington, Ohio site will have 570 MW of power available by late third quarter 2026. That’s nearly a year ahead of the original schedule.
Bitdeer plans to dedicate over 200 MW of capacity to AI computing by the end of 2026. Management projects that in an optimistic scenario, AI operations could generate more than $2 billion in annual revenue.
CBO Matt Kong said the push is driven by increased demand for the company’s power assets. “This has become a strong catalyst for expanding our efforts,” Kong stated.
Other sites including Tydal, Norway and a Washington state facility are being converted to support AI workloads. The company’s cloud hashrate service has reached about $8 million in annual recurring revenue for AI workloads. It’s using 584 GPUs at approximately 86% utilization.
The move represents a strategic response to surging demand for data center power. Many crypto miners are pivoting to AI hosting to capitalize on GPU demand. Bitdeer’s vertical integration, including manufacturing its own rigs, positions it as a one-stop blockchain computing provider.
Analyst Upgrades
Cantor Fitzgerald raised its Bitdeer price target from $30 to $50 on October 15. The firm maintains an Overweight rating. Roth Capital reiterated a Buy rating with a $40 price target the same day.
BTIG analyst Gregory Lewis recently lifted his target to $25. Overall, 12 of 13 analysts surveyed rate BTDR a Buy. The average price target sits around $26 to $27.
Roth Capital’s $40 target implies nearly 100% upside from recent trading levels. The bullish sentiment reflects confidence in Bitdeer’s hashrate growth and new revenue streams from AI data centers.
Institutional interest is growing as well. Hedge funds have been accumulating shares, with some boosting stakes by 30% to 70% in recent quarters. Bitdeer’s market capitalization is now in the range of $4 billion to $5 billion.
The stock’s technical picture shows it cleared major resistance at the previous high around $20. Trading volumes have reached record levels as momentum builds.
Industry Context
The rally comes during a broader crypto mining stock surge. Bitcoin’s price near $110,000 on October 15 has lifted miners across the board. The combined market value of major Bitcoin miners has more than doubled to approximately $90 billion in recent weeks.
Companies like Marathon, Riot, and Hut 8 have all reached or approached 52-week highs. Investor interest is focused on vertically integrated miners that build ASICs and operate data centers.
However, the Bitcoin network hashrate recently topped 1 zettahash. This drives mining difficulty to all-time highs. Each exahash per second now generates fewer coins than before.
The industry’s hashprice, or revenue per unit of hash power, has fallen to around $47 per petahash per second. This squeezes margins even as Bitcoin prices rise. Energy costs and capital-intensive expansion plans present additional challenges for miners.
Bitdeer has raised both debt and equity to fund its growth. The company announced redemption of $7.7 million in convertible senior notes ahead of their 2029 maturity date. The cleanup redemption date is set for September 23, 2025.
Bitdeer’s stock is up roughly 180% from one year ago and approximately 10% year-to-date through mid-October. The company recently surpassed Riot to become the fifth-largest public Bitcoin miner by hashrate.
