Bitdeer (BTDR) Surges 12.8% on AI Expansion Hype—But Legal Storms Loom

Summary
• Bitdeer’s stock rockets 12.8% to $14.405, surging from a $12.73 intraday low to a $14.8 high
• NVIDIA GB200 NVL72 deployment in Malaysia and AI infrastructure plans drive optimism
• Legal class-action lawsuits and delayed SEAL04 chip production cast shadows over momentum

Bitdeer Technologies Group (NASDAQ: BTDR) is trading at a 12.8% intraday gain as investors react to its NVIDIA-powered AI expansion. The stock’s volatile swing—from a $12.73 low to a $14.8 high—reflects optimism over global data center projects and AI cloud services, though lingering legal risks and operational delays could test this rally’s durability.

AI Infrastructure Expansion Ignites Short-Term Optimism
Bitdeer’s 12.8% surge is fueled by its announcement of deploying NVIDIA GB200 NVL72 GPUs in Malaysia, a strategic pivot from cryptocurrency mining to AI cloud services. The company’s plans to convert existing mining facilities in Washington and Tennessee into GPU-optimized data centers, alongside new 570 MW and 175 MW projects in the U.S. and Norway, signal a bold repositioning. This shift aligns with growing demand for AI computing power, with Bitdeer positioning itself as a full-stack provider of GPU cloud, AI Studio, and AI Agent Builder solutions. However, the stock’s recent volatility—down 14.9% in November 2025 after disclosing delayed SEAL04 chip production—reminds investors of operational risks.

Options Playbook: Leverage AI Hype with High-Gamma Contracts
• 200-day average: 13.7988 (near) • RSI: 63.09 (neutral) • MACD: -0.135 (bullish divergence) • Bollinger Bands: 9.52–12.91 (price above upper band)

Bitdeer’s technicals suggest a short-term bullish trend amid a long-term range. The stock has pierced its 200-day moving average and RSI is in neutral territory, indicating potential for further gains if legal risks abate. Key levels to watch include the 200D support at $12.44 and resistance at $14.80. While no leveraged ETF data is available, the stock’s high turnover (9.17%) and implied volatility (up to 866.80%) suggest strong options liquidity.

Top Options Contracts:
• BTDR20260123C12.5 (Call, $12.5 strike, 1/23 expiry):
- IV: 267.64% (high)
- LVR: 62.65% (moderate leverage)
- Delta: 0.842 (high sensitivity)
- Theta: -0.0688 (moderate time decay)
- Gamma: 0.1081 (high sensitivity to price swings)
- Turnover: 2,934 (liquid)
- Why it stands out: High gamma and delta make this call ideal for a continuation of the rally. A 5% upside to $15.12 would yield a payoff of $2.62 per contract.

• BTDR20260123C13 (Call, $13 strike, 1/23 expiry):
- IV: 92.63% (moderate)
- LVR: 8.90% (low leverage)
- Delta: 0.775 (high sensitivity)
- Theta: -0.0726 (moderate decay)
- Gamma: 0.1357 (high sensitivity)
- Turnover: 1,828 (liquid)
- Why it stands out: Lower leverage but higher gamma than the $12.5 strike, this call balances risk and reward. A 5% move to $15.12 would generate a $2.12 payoff.

Aggressive bulls should consider BTDR20260123C12.5 into a break above $14.80.

Backtest Bitdeer Stock Performance
The backtest of BTDR's performance following a 13% intraday increase from 2022 to the present shows favorable results. The 3-Day win rate is 51.69%, the 10-Day win rate is 54.29%, and the 30-Day win rate is 59.48%, indicating a higher probability of positive returns in the short term. The maximum return during the backtest was 17.95%, which occurred on day 59, suggesting that BTDR can deliver significant gains even after the initial surge.

AI Ambition vs. Legal Headwinds: What to Watch Now
Bitdeer’s AI-driven transformation is a double-edged sword: while its NVIDIA-powered infrastructure and global data center projects offer long-term upside, ongoing legal battles and delayed chip production could derail momentum. Investors should monitor the $14.80 intraday high as a critical resistance level and the $12.44 200D support for signs of capitulation. Meanwhile, Amazon (AMZN), the sector leader, is down 2.17%, highlighting broader market caution. For now, the stock’s technicals and options liquidity favor a bullish bias, but legal risks remain a wildcard. Watch for a breakdown below $12.73 or a regulatory update to gauge the next move.