10 Surprising Stocks That Skyrocketed Today

6. Bitdeer Technologies Group (NASDAQ:BTDR)

Bitdeer Technologies rallied by 10.63 percent on Friday to end at $15.19 apiece after reporting a strong earnings performance in the first quarter of the year.

In a statement, Bitdeer Technologies Group (NASDAQ:BTDR) said net income expanded to $409 million from only $606,000 in the same period last year, despite revenues dropping by 41 percent to $70 million from $119 million year-on-year.

Looking ahead, Bitdeer Technologies Group (NASDAQ:BTDR) said its research and development efforts will focus on its Sealminer A4 project, which it targets to be more efficient.

“We believe this new chip design will revolutionize the way Bitcoin mining ASICs are made in the future and tape-out is on track for Q4 2025. We believe SEALMINER A4, along with our 3rd generation chip, will position Bitdeer as the leading supplier of the world’s most energy-efficient mining rigs,” the company said.