Movement Alert｜Bitdeer Technologies Group Falls 8.32% in Regular Trading, AI Data Center Progress Fails to Offset Earnings Miss Fears

Market Focus10-09 00:51

On October 9, Bitdeer Technologies Group fell 8.32% in regular trading, trading at $9.537/share. The decline came despite recent disclosures of significant AI data center progress, including securing over 70% offtake at its Malaysia A201 facility with contracts representing more than $1.7 billion in expected revenue. However, the company's Q2 adjusted loss of $2.08 per share far exceeded the market expectation of a $0.36 loss, a widening that may continue to weigh on valuation recovery. The management had anticipated signing the A201 capacity contract and collecting prepayments within a month, but the earnings miss appears to be dominating sentiment.

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