The Latest Breaking News from BitDeer

Bitdeer Technologies Group (NASDAQ:BTDR) shares are trading higher on Wednesday following the company’s September operational update. Multiple analysts also maintained bullish ratings and raised price targets.

Stocks soared to new all-time highs across the board last week. Once again, the Nasdaq led the charge, with the tech-heavy index finishing up 1.32%. The Dow Jones Industrial Average followed, closing up 1.10% on the week after a strong Friday. The SP 500 finished 1.09% higher on the week.…

Bitcoin miner Riot Platforms made headlines over the summer for making millions by selling pre-purchased power back to the grid. The news highlighted how the grid can benefit businesses more than consumers.

Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.

Computers at the Bitcoin mine were using enough electricty to power 6,500 homes

The deal, already delayed three times, would give the company an implied equity value of around $1.18 billion