From Yahoo Finance: 2025-05-20 12:53:00

Bitdeer Technologies Group (BTDR) surged by 10.63% on Friday, reaching $15.19 per share. Despite a 41% drop in revenue to $70 million, net income soared to $409 million from $606,000 last year. The company plans to focus on its Sealminer A4 project to enhance efficiency and revolutionize Bitcoin mining ASICs.

The stock market ended the week positively amidst mixed earnings reports and trade tensions easing between the US and China. The Dow Jones rose by 0.78%, while the S&P 500 and Nasdaq increased by 0.70% and 0.52%, respectively. Ten companies, including Bitcoin miners and quantum computing firms, saw strong gains due to new corporate developments.

Bitdeer Technologies Group (BTDR) ranked 6th among Friday’s top performers. While BTDR shows promise, investing in AI stocks may offer higher returns in a shorter timeframe. Consider exploring a report on an undervalued AI stock with significant growth potential and trading at less than 5 times earnings for a promising investment opportunity.



Read more at Yahoo Finance: Why Bitdeer Technologies Group (BTDR) Skyrocketed on Friday