On August 27, Bitdeer Technologies Group rose 8.25% in regular trading, trading at $11.51/share, with turnover of $25.38 million.
On the news front, the company released its July production and operations update on August 26, revealing that its 9.5MW A102 facility in Malaysia is now fully committed and operational, with expected contract revenue exceeding $800 million. Additionally, the company expects to complete the A201 capacity contract signing within the next month and begin collecting prepayments, signaling accelerating commercialization momentum.
The update also highlighted ongoing progress on the previously announced 16-year AI/HPC data center colocation lease for its Tydal, Norway campus, valued at approximately $4.7 billion, with 121 MW of IT capacity configured for NVIDIA GPUs and JP Morgan affiliates arranging a $1.3 billion credit backstop. The company mined 1,190 BTC in July. Earlier, Barclays initiated coverage at Overweight, with analysts maintaining an average Buy rating and mean price target of $20.90.
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