On September 3, Bitdeer Technologies Group rose 8.57% in regular trading, trading at $11.6559/share, with turnover of approximately $46.33 million. The rally was primarily driven by the company's announcement of a 200-acre land acquisition near its existing Rockdale facility in Milam County, Texas, for roughly $100 million to support AI and high-performance computing (HPC) infrastructure buildout.

The newly acquired land is strategically adjacent to Bitdeer's current Rockdale operations, enabling efficient resource synergy and rapid infrastructure integration. This move comes on the heels of a series of significant business developments, including a landmark $4.7 billion, 16-year AI data center colocation lease agreement for its Tydal, Norway campus — backed by a $1.3 billion credit facility arranged by JP Morgan affiliates — and the near-term expectation of signing A201 capacity contracts within a month. In addition, Barclays recently initiated coverage with an overweight rating, and Cantor Fitzgerald upgraded the stock to overweight with a $15 price target, reinforcing institutional confidence in Bitdeer's pivot toward AI/HPC infrastructure.

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