Bitdeer Technologies (BTDR) Climbs 37.6% on AI Computing Expansion

We recently published 10 Stock Winners Shocking Wall Street. Bitdeer Technologies Group (NASDAQ:BTDR) was one of the top performers last week.

Bitdeer Technologies soared by 37.6 percent week-on-week following its adoption of NVIDIA GB200 NVL72 deployment in Malaysia, strengthening its mission to simplify and scale AI computing globally.

In a statement, Bitdeer Technologies Group (NASDAQ:BTDR) said that the deployment would support the most demanding AI workloads and represent a pivotal step in its broader strategy to expand its global AI infrastructure footprint, leveraging its robust power capacity and land resources to build next-generation systems for the AI-driven era.

Bitdeer Technologies Group (NASDAQ:BTDR) is underway with the expansion of its AI data center footprint with the construction of a 13 MW accelerated computing data center in Washington, a 37 MW accelerated computing data center in Tennessee, a 570 MW accelerated computing data center in Clarington, and a 175 MW facility in Tydal, Norway.

The Washington and Tennessee facilities, originally operated for cryptocurrency mining, are undergoing a full conversion to a GPU-optimized AI data center.

“The deployment of NVIDIA GB200 NVL72 infrastructure is a significant milestone in Bitdeer AI’s journey toward building a global, intelligent cloud,” said Louis Xu, Head of AI department for Bitdeer Technologies Group (NASDAQ:BTDR).

“With our expanding data center capacity, land reserves, and GPU infrastructure, we’re creating a strong foundation that supports the entire AI lifecycle, from model training to intelligent application deployment. This is how we turn ‘AI Power, Simplified’ into reality.”

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Disclosure: None. This article is originally published at Insider Monkey.