Bitdeer AI Launches NVIDIA GB200 NVL72 in Malaysia, Advancing Global AI Computing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Source: Globenewswire
- Infrastructure Upgrade: Bitdeer AI's deployment of the NVIDIA GB200 NVL72 in Malaysia marks a strategic expansion in the global AI computing landscape, aimed at addressing the increasing demands of AI workloads.
- Data Center Development: The Bitdeer Group is constructing 13 MW and 37 MW accelerated computing data centers in Washington and Tennessee, respectively, repurposing former cryptocurrency mining facilities into GPU-optimized AI data centers to enhance computing capabilities.
- Global Power Capacity: With approximately 3 GW of global power capacity managed across the U.S., Norway, Bhutan, and Canada, Bitdeer is well-positioned to rapidly expand its AI infrastructure, leveraging significant land reserves to meet future AI demands.
- Service Evolution: Bitdeer AI is evolving from Infrastructure as a Service (IaaS) to Software as a Service (SaaS), introducing the AI Agent Builder to empower enterprises in seamlessly deploying intelligent automation solutions, thereby promoting the widespread adoption of AI technologies.
Analyst Views on BTDR
Wall Street analysts forecast BTDR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTDR is 32.18 USD with a low forecast of 25.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
11 Buy
0 Hold
0 Sell
Strong Buy
Current: 14.760
Low
25.00
Averages
32.18
High
40.00
Current: 14.760
Low
25.00
Averages
32.18
High
40.00
About BTDR
Bitdeer Technologies Group is a technology company for blockchain. It provides computing solutions for customers. The Company handles processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, and equipment management. It primarily operates three business lines, namely self-mining, hash rate sharing, and hosting. Self-mining refers to cryptocurrency mining for its own account, which allows it to directly capture the high appreciation potential of cryptocurrency. It offers two types of hash rate sharing solutions, namely Cloud Hash Rate and Hash Rate Marketplace. Through Cloud Hash Rate, the Company sells its hash rate to customers. It offers hash rate subscription plans at a fixed price and shares mining income with them under certain arrangements. Its hosting services offer customers one-stop mining rig hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
