Bitdeer shifts from bitcoin mining to AI data center hosting, securing $4.7B lease for growth.

Bitdeer Technologies is transitioning from pure bitcoin mining to AI and high-performance computing (HPC) data center hosting, aiming for more sustainable growth and earnings. The company secured major long-term hosting contracts, including a $4.7 billion 16-year lease in Norway and significant capacity deals in Malaysia, which will support future revenue streams. AI data center hosting is expected to start contributing significantly by early fiscal year 2027, improving margins and operational stability. This strategic shift and resilient bitcoin prices underpin a Buy recommendation with a $21.47/share price target.

Bitdeer Technologies (BTDR) trades at USD 12.18 on Pluang as of Sep 24, 2026, 23:41 WIB, down 1.10% for the day. The stock's market cap stands at $3.35 billion with a 52-week range between $7.28 and $25.90. Pluang investors hold the stock for an average of 15 days, with 88% of order activity on the buy side.