Why These 10 Stocks Are Skyrocketing

7. Bitdeer Technologies Group (NASDAQ:BTDR)

Bitdeer Technologies saw a 16-percent jump in its share prices in the first two trading days of the week, closing the day at $23.56 apiece as investors hunted for bargains following a dip in its shares last week.

The company has also been the subject of several research analyses. Brokerage companies Benchmark and Rosenblatt both raised their price targets for Bitdeer to $29 and $22, respectively, while maintaining a “buy” rating.

Investors will also expect a number of relevant developments for the company, especially as it officially kicked off of its mass production of self-mining machines which are expected to contribute to the company’s self-mining expansion plans in 2025.

In similar developments, Bitdeer announced orders for 30,000 units of sealminer A2 rigs which are expected to rake in $102 million in revenues for 2025. It also announced a private offering of $360 million in convertible senior notes due in 2029, with proceeds to be used for data center expansion and the development and manufacture of ASIC-based mining rigs.