In today’s pre-hours session, Bitdeer Technologies Group (NASDAQ: BTDR) stock is gaining on the charts, up 5.46% to $10.78 as of the last check. That maintained the gains from the previous trading session, in which Bitdeer’s shares rose 20.95% to close at $10.22. There are some grounds to think that recent events will provide more information regarding price behavior because BTDR stock was rising when there was no news at all.
Earlier this month, Bitdeer (BTDR) released its unaudited mining and operational updates for November 2023. Its main business continued to operate well in November, and fresh growth prospects presented themselves. Significantly, Bitdeer revealed intentions to introduce Bitdeer AI Cloud, a cloud service powered by NVIDIA’s DGX SuperPOD systems, and became a Preferred Cloud Service Provider in the NVIDIA Partner Network.
One of the first cloud services in Asia to run on state-of-the-art DGX H100 computers is Bitdeer AI Cloud. BTDR projected that the service will be live in the first quarter of 2024 and that growing consumer demand for generative AI capabilities would support the service’s growth. In November, Bitdeer mined 403 Bitcoins overall, a gain of 81.5% over the previous year. With a 3.3EH/s hash rate and 209 Bitcoins mined in November—roughly 51.9% of all Bitcoins mined that month—its Gedu Datacenter remained fully functioning.
Infrastructure-wise, the Tydal mining facility in Norway’s 175 MW immersion cooling datacenter is still scheduled to be completed in 2025. BTDR will carry out its long-term strategies as well as its operational plans with care in order to achieve sustainable growth. The firm announced the debut of the Bitdeer AI Cloud on November 9, 2023, and that it has been recognized as a Preferred Cloud Service Provider (CSP) in the NVIDIA Partner Network.
Bitdeer customers will be able to use NVIDIA AI supercomputing through this service, allowing them to build generative AI, large language models (LLMs), and other AI activities more quickly. Bitdeer anticipates launching its high-performance cloud service platform, powered by DGX SuperPOD, in the first quarter of 2024.