October Rally Driven by AI and HPC Expansion

[cryptoenthusiast]

On October 15, Bitdeer shares surged over 30% to $25.90 after announcing plans to allocate 200 MW of energy to AI services and expand into high-performance computing (HPC). The company also added 241,000 mining machines across Norway, the US, and Asia, producing 1,109 BTC in the quarter. Investors initially welcomed the move as a way to diversify beyond Bitcoin mining margins.

[alex10]

AI + HPC combo fueling Q4 optimism — clear tech rotation signs. ️

[Abdul Khan]

If AI infra spending holds, we could see another leg up into year-end.