These 10 Stocks Moved the Market This Week, Here’s Why

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7. Bitdeer Technologies Group (NASDAQ:BTDR)

Bitdeer Technologies rallied by 28.71 percent week-on-week to end Friday at $14.12 versus the $10.97 on May 2, as investors snapped up shares following higher Bitcoin production last month, while repositioning portfolios ahead of the release of its first quarter earnings performance.

According to the company, it was able to mine 166 Bitcoins last month, which marked a 45.6 percent jump from the 114 Bitcoins mined in March. However, last month’s figure represented a 37 percent drop from the 265 Bitcoins mined in April last year.

Bitdeer Technologies Group (NASDAQ:BTDR) said that the increase in month-on-month production was primarily driven by the higher average self-mining hashrate from the energization of its sealminers.

Meanwhile, Bitdeer Technologies Group (NASDAQ:BTDR) is set to announce the results of its first quarter performance before the market opens 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.

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