Is It AI Infrastructure Stocks Instead of Bitcoin Mining? Bitdeer Increases Market Cap by 380 Billion in a Day

Bitdeer Technologies Group (NASDAQ: BTDR), a Bitcoin mining and AI infrastructure company, closed at $18.56 on the Nasdaq in New York on the 7th, up 6.24%. Trading volume reached 10.79 million shares, and its market capitalization rose to approximately $3.69 billion (about ₩5.6 trillion), gaining roughly $246 million (around ₩380 billion) in a single day.

In its recently released Q1 2026 results, Bitdeer reported revenue of $188.9 million (about ₩290 billion) but posted a net loss of $159.5 million (approximately ₩240 billion) as electricity costs, depreciation and interest expenses surged. The company plans to more than quintuple its self-mined Bitcoin hash rate year-over-year and is gradually converting its global data centers in Ohio, Texas, Norway and Bhutan into AI and colocation infrastructure.

Headquartered in Singapore and led by Bitmain co-founder Jihan Wu, Bitdeer operates large-scale mining and data centers across the U.S., Norway and Bhutan, promoting itself as a world-leading Bitcoin mining and AI infrastructure provider. Leveraging its proprietary SEALMINER rigs and a global power pipeline of roughly 3 GW, the company is pursuing vertical integration from high-performance computing to AI cloud services, aiming to reposition itself from a traditional Bitcoin miner into a growth stock in AI data centers and infrastructure.