Bitdeer stock jumps on $2.9B AI Cloud revenue backlog

What happened: Bitdeer Technologies Group (NASDAQ:BTDR) shares rose 6.5% in after-hours trading Monday after its September production update showed an AI Cloud revenue backlog of about $2.9 billion. Key numbers: AI Cloud backlog rose from $0.9 billion in August to $2.9 billion in September. Why it matters: The backlog growth reflects offtake demand for Bitdeer's AI data center capacity, alongside expanded data services agreements and a long-term lease in Norway. Market: -0.4% today ($7.69), -33.4% YTD, 0.8x vol — as of 22:46 UTC

Bitdeer Technologies Group (NASDAQ:BTDR) shares rose 6.5% in after-hours trading Monday after its September production update showed an AI Cloud revenue backlog of about $2.9 billion.

The backlog growth reflects offtake demand for Bitdeer's AI data center capacity, alongside expanded data services agreements and a long-term lease in Norway. Market: -0.4% today ($7.69), -33.4% YTD, 0.8x vol — as of 22:46 UTC