Bitcoin Mining and AI Infrastructure Stocks Lose $320 Million in Market Cap Overnight

Nasdaq-listed Bitdeer Technologies Group (BTDR) saw its shares plunge 7.52%, closing at $17.10 on June 9. Trading volume exceeded 7.74 million shares, and market capitalization fell to about $3.4 billion, erasing roughly $240 million in value in a single day.

Recently, Bitdeer reported first-quarter 2026 revenue of $188.9 million, but widening net losses have prompted analysts to cut their earnings forecasts, adding to the stock’s volatility. Just a week earlier, shares had soared more than 18% intraday following the announcement of a new CFO. With performance concerns and executive changes intertwined, the stock continues its roller-coaster ride.

Headquartered in Singapore, Bitdeer Technologies Group operates in Bitcoin mining and AI/high-performance computing infrastructure, combining its own mining facilities with cloud hash-rate services and mining-rig hosting. It has recently expanded investments in large-scale data centers and energy-linked infrastructure in Norway and North America, aiming to evolve from a Bitcoin miner into a full-scale AI infrastructure provider.