On October 2, Bitdeer Technologies Group rose 8.18% in regular trading, trading at $11.42 per share, with turnover of approximately $19.76 million.

On the news front, the company's Bitdeer AI unit announced that over 70% of the roughly 21.7-megawatt capacity at its A201 data center in Johor Bahru, Malaysia, has been secured through customer offtake commitments ahead of energization in Q1 of next year. The contracts represent more than $1.7 billion in expected revenue over the next five years, bringing Bitdeer AI's total expected revenue backlog to approximately $2.9 billion. The company is targeting up to 350 megawatts of AI cloud capacity by Q1 of 2028, with its active business pipeline exceeding $10 billion.

This milestone builds on a series of recent developments, including a $4.7 billion colocation lease contract for its Norway Tydal campus backed by a $1.3 billion credit facility arranged by JP Morgan affiliates, and Barclays initiating coverage at Overweight. Analysts polled by FactSet maintain an average Buy rating with a mean price target of $20.90.

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