Why Bitdeer Technologies Group (BTDR) Skyrocketed This Week

We recently published an article titled These 10 Stocks Moved the Market This Week, Here’s Why. In this article, we are going to take a look at where Bitdeer Technologies Group (NASDAQ:BTDR) stands against other stocks that moved the market this week.

The stock market edged lower week-on-week, as cautious investors repositioned their portfolios ahead of the United States and China’s high-stakes negotiations on trade policies that have for months dented global economies.

On a week-on-week basis, the Dow Jones was down by 0.16 percent, the S&P 500 dropped 0.47 percent, while the Nasdaq dipped by 0.27 percent.

Beyond the major indices, 10 companies bucked a wider market decline, with gains skyrocketing in just a week’s trading.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.

The stocks were chosen based on the highest percentage increase in closing prices on May 9 as against their prices a week earlier, or on May 2.

A construction team in a mining datacenter building work site with plans and equipment in hand.

Bitdeer Technologies Group (NASDAQ:BTDR)

Bitdeer Technologies Group (NASDAQ:BTDR) 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.

Overall, BTDR ranks 7th on our list of stocks that moved the market this week. While we acknowledge the potential of BTDR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BTDR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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