Bitdeer Technologies Group (NASDAQ: BTDR) shares jumped 23 percent, closing at an estimated $7.20, after the company announced a 16-year lease for an AI and high-performance computing data center in the United States. The deal positions Bitdeer directly in the expanding AI infrastructure market and signals a deliberate move to diversify beyond Bitcoin mining, which has faced sustained revenue volatility.
The new facility will handle demanding workloads including large-scale AI model training and complex scientific simulations. Management said the long-term contract is expected to deliver a more predictable revenue profile than cryptocurrency mining economics allow.
This lease is a re-rating catalyst for BTDR. The market has long valued Bitdeer as a Bitcoin miner, tying its multiple to BTC—which currently trades at $63,741—rather than to its operational capabilities. Entering the AI/HPC sector opens the stock to institutional investors who buy infrastructure plays on contracted cash flows, the way they price CoreWeave or Equinix. That shift in investor base warrants a higher forward multiple.
The 16-year term reflects durable demand for high-density compute capacity. Bitdeer's existing expertise running energy-intensive data centers gives it a real operational edge in deploying these environments quickly. The company is expected to use its current power infrastructure and operational efficiencies to bring the new capacity online and pursue early client contracts.
