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Bitdeer shares fall 15% as company pivots toward AI infrastructure
The stock decline came despite reported revenue growth and continued progress on shifting Bitdeer from bitcoin mining toward AI infrastructure.
Bitdeer’s shares dropped about 15% even as the company reported revenue growth, according to The Block.
The outlet said the selloff reflected investor focus on Bitdeer’s strategy as it increasingly emphasizes becoming a provider of AI infrastructure rather than sticking solely to its core bitcoin mining business.
The Block also noted that Bitdeer is expanding beyond bitcoin mining and working on its AI pivot, which it framed as part of the company’s broader transformation.
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