10 Stocks Kick Off Trading Week With Losses

5. Bitdeer Technologies Group (NASDAQ:BTDR)

Bitdeer Technologies Group (NASDAQ:BTDR) fell for a second straight day on Tuesday as investor sentiment was dampened by news that Bitcoin mining performance dropped last month due to temporary curtailments at its site in Bhutan.

In a statement last week, BTDR said it was only able to mine 126 Bitcoins for January, down month-on-month, due to higher seasonal electricity prices that curtailed its Bhutan site.

In addition, it expects production for its SEALMINER A2 will be delayed for one month due to a 6.4-magnitude earthquake that struck Taiwan on January 21.

However, BTDR said mass production of its SEALMINER A1 remains on schedule, while SEALMINER A3 is expected to be the most advanced and energy-efficient Bitcoin mining chip on the market.

BTDR is a world-leading technology company for blockchain and high-performance computing.