“What is This Company?” Wonders Jim Cramer About Bitdeer (BTDR)

We recently published 10 Stocks Jim Cramer Talked About & Revealed Why He’s Critical Of OpenAI. Bitdeer Technologies Group (NASDAQ:BTDR) is one of the stocks Jim Cramer talked about.

Bitdeer Technologies Group (NASDAQ:BTDR) is a Bitcoin mining and AI cloud firm. Cramer discussed the firm as an example of those whose financing reminded him of activity in the year 2000:

“I see a lot of things after we get through this period. But we have to get through this period. And we have to get through. . .last night, I don’t mean to pick on anybody on particular, but I spent a lot, I was critical of OpenAI, but Bitdeer, a Massillon, Ohio plant that they had a fire, two days ago, and lost a couple of the, 24 of the 26, whatever, they did this financing and it was one of these financings that was so, 2000-like. It was painful. You know the convert, and the stock you issue, and you have to place another convert. And I’m looking at the stock, and what is this company? Well the stock was at 27 dollars and 80 cents, October 15th. Now it’s at 11. What does it do? Well it’s another Bitcoin miner slash AI company and there’s just dozens of these and these all look the same. I cannot believe how much they look the same. I actually did a run of the companies that say Bitcoin, you gotta lot of animals, you got the rhino Bitcoin, the deer Bitcoin, the bear Bitcoin. And then I thought one of the better ones was BitFuFu, BitFuFu.”

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