Bitdeer (BTDR) stock drops 11% due to decrease in Bitcoin prices, raising concerns for investors

From Yahoo Finance: 2025-06-24 10:21:00

Bitdeer Technologies Group (NASDAQ: BTDR) shares dropped by 11% in a week, mirroring Bitcoin’s decline to $103,309.6 on Friday due to geopolitical tensions. Plans to raise $330 million through debt issuance have not been well-received by investors. The company aims to use the funds for various purposes, including data center expansion.

Bitdeer Technologies Group (NASDAQ: BTDR) plans to issue convertible senior notes with a 4.875% yield rate. Proceeds will go towards payment obligations, data center expansion, and ASIC-based mining rig development. While BTDR shows promise, some believe other AI stocks offer better returns with less risk.

Investors are urged to consider other AI stocks for potentially higher returns. Check out the report on the best short-term AI stock. For more investment options, explore the 20 Best AI Stocks to Buy Now and the 30 Best Stocks to Buy Now According to Billionaires. No promotional content included.

Read more: Bitdeer (BTDR) Falls 11% W/W on Drop in Bitcoin Prices