Shares of Bitdeer Technologies Group (BTDR) were ticking higher in Monday's premarket, and here's why: the company is making a serious play for the AI gold rush. It's not just mining Bitcoin anymore; it's building the infrastructure to mine something arguably more valuable right now: artificial intelligence compute power.
The company announced its subsidiary, Tydal Data Center AS, has hired Data Center Installations AS to develop what's slated to become Norway's largest operational AI data center. The facility in Tydal is being designed specifically for the colocation of Nvidia Corporation's (NVDA) next-generation Vera Rubin AI technology. Think of it as building a luxury garage for the most powerful AI engines on the planet.
The project is no small undertaking. It's set to deliver a whopping 180 megawatts of gross installed capacity, with an expected completion date of December 2026. This is a clear strategic move to position Bitdeer in the white-hot AI infrastructure market, aiming to meet what seems like insatiable global demand for data centers that can handle AI workloads.
Haakon Bryhni, Chairman and co-founder of TDC, put it this way: "By transforming our existing footprint to large AI deployments, TDC will be at the forefront of the AI revolution while maintaining sustainable, capital-efficient growth and substantial local value creation. DCI's track record shows its ability to deliver according to our high execution standards." In other words, they're repurposing their expertise and footprint for the next big thing.
Not Just an AI Story: The Bitcoin Engine is Still Running
While the AI news is flashy, it's worth remembering Bitdeer's roots. The company also released its February 2026 operational update recently, and its core Bitcoin mining business is firing on all cylinders. The company reported Bitcoin production skyrocketed 541% year-over-year to 705 Bitcoin for the month.
Meanwhile, its newer AI Cloud business segment is also showing strong month-on-month performance in annual recurring revenue (ARR) and utilization rates. The company highlighted an ongoing push to secure more colocation lease agreements, keeping that segment—alongside its self-mining operations—firmly in focus. So it's a company running two very different, but both capital-intensive, engines simultaneously.
What's the Stock Telling Us?
From a technical perspective, the picture is a bit of a split screen. The stock is currently trading 6.6% above its 20-day simple moving average (SMA), suggesting some short-term bullish energy. However, it's also sitting 16.3% below its 50-day SMA, which points to longer-term struggles. Over the past year, shares are down about 5.21% and are trading closer to their 52-week lows than their highs.
The Relative Strength Index (RSI) is at 45.79, smack in the middle of neutral territory—so the stock isn't overbought or oversold. The MACD, however, tells a slightly more optimistic short-term tale. With a value of -0.3027 and a signal line at -0.5112, the MACD is above its signal line, which is typically interpreted as bullish momentum. So you have neutral RSI and a bullish MACD: mixed signals, which often means traders are waiting for a clearer direction.
- Key Resistance: $9.50
- Key Support: $7.00
