We recently published a list of Bitcoin Miners Dominate Tuesday’s 10 Best-Performing Stocks. In this article, we are going to take a look at where Bitdeer Technologies Group (NASDAQ:BTDR) stands against other Tuesday’s best-performing stocks.
The stock market bounced back on Tuesday, erasing losses in the previous day, as investors snapped up shares on news that the US-China trade tensions could possibly subside.
The Dow Jones rallied by 2.66 percent, the S&P 500 rose by 2.51 percent, and the Nasdaq surged by 2.71 percent.
On Tuesday, news reports said that US Treasury Secretary Scott Bessent believed there would be a de-escalation between the US and China, describing future negotiations as a slog that has not started yet. The news buoyed trading in several financial markets, including cryptocurrency, with Bitcoin jumping 5 percent to trade above the $91,000 level.
The rally spilled over into 10 companies, predominantly Bitcoin miners. In this article, we have listed the 10 top-performing firms on Tuesday and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with more than $1 billion in market capitalization and $5 million in trading volume.
A construction team in a mining datacenter building work site with plans and equipment in hand.
Bitdeer Technologies Group (NASDAQ:BTDR)
Bitdeer Technologies surged by 23.42 percent on Tuesday to close at $9.38 apiece following the rally in Bitcoin prices, coupled with news that it had been offered as much as $200 million in credit facility to finance its Bitcoin ASIC manufacturing efforts.
According to the company, it entered into a loan agreement with Matrixport, a company also owned by BTDR’s chairman, Jihan Wu.
As of April 2021, BTDR said it was already able to draw as much as $43 million from the credit line.
The loan carries a variable interest rate of 9 percent and is repayable in fixed monthly installments over a period of 24 months.
In other news, BTDR recently acquired a 101-megawatt data center in Alberta, Canada, for $21.7 million.
Last month, BTDR said it was able to mine 114 Bitcoins at a hash rate of 24.2 EH/s. It also completed mass production of 3.8 EH/s for its SEALMINER A1 mining rig, launched the SEALMINER A2 Pro series Bitcoin mining rigs, and obtained regulatory approval for Phases 1 and 2 of its Tydal, Norway site.
“We expect to energize more than 600 MW of power capacity over the next few months, including our Bhutan site,” the company said.
Overall, BTDR ranks 2nd on our list of Tuesday’s best-performing stocks. 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.
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Disclosure: None. This article is originally published at Insider Monkey.
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