10 Unexpected Market Movers – What Propelled Double-Digit Gains?

6. Bitdeer Technologies Group (NASDAQ:BTDR)

Bitdeer Technologies grew for a third straight day on Thursday, adding 19.30 percent to close at $13.54 apiece as investors snapped up shares ahead of the release of its first quarter earnings performance before market open on Thursday, May 18.

Earlier this week, investment firm B. Riley said it expects Bitdeer Technologies Inc. (NASDAQ:BTDR) to earn 5 cents per share for the quarter and 29 cents for full-year 2027.

In recent news, Bitdeer Technologies Inc. (NASDAQ:BTDR) received a $200 million credit line offer from Matrixport, a company similarly owned by its chairman, Jihan Wu, to support the Bitcoin miner’s ASIC manufacturing efforts. The loan carries a variable interest rate of 9 percent and is repayable in fixed monthly installments over a period of 24 months.

As of April 21, BTDR was already able to draw as much as $43 million from the credit line.