5 AI Bubble Stocks to Short Now According to Reddit

​4. Bitdeer Technologies Group (NASDAQ:BTDR)

Number of Hedge Fund Holders: 40

Bitdeer Technologies Group (NASDAQ:BTDR) is one of the AI Bubble Stocks to Short Now According to Reddit. On June 2, Bitdeer Technologies Group (NASDAQ:BTDR) announced breaking ground on a major new facility near Fox Creek, Alberta, marking its entry into Canada with a $155 million long-term investment.

​Management noted that the project combines a 101 MW natural gas power plant with approximately 100 MW of computing capacity and is designed initially for Bitcoin mining with flexibility to support AI and high-performance computing workloads in the future. A key highlight of the facility is its behind-the-fence power model under Alberta’s bring-your-own-generation framework. This model centers on drawing electricity from its on-site plant rather than the grid. This improves efficiency and reduces transmission losses. Moreover, during periods of peak grid demand, the facility can also contribute electricity back to the Alberta grid.

​Bitdeer Technologies Group (NASDAQ:BTDR) plans the energization process by Q2 2027, and the project is expected to create 300 construction jobs and 30 permanent positions, with priority given to local and Alberta-based hiring.

Although the stock has surged around 60% during the past month, driven by major infrastructure breakthroughs and new hardware launches, its short float remains elevated at around 34%.

​Bitdeer Technologies Group (NASDAQ:BTDR) is a technology company specializing in blockchain and computing, offering hash rate sharing solutions, including Cloud hash rate and one-stop mining machine hosting solutions for efficient cryptocurrency mining.