Bitdeer Technologies Soars 12.8% to Hit Intraday High of $9.60

Bitdeer Technologies Group has experienced a significant uptick in its stock performance, gaining 12.8% on March 17, 2026. The stock reached an intraday high of USD 9.60, reflecting a robust day of trading for the small-cap company operating in the Commercial Services & Supplies sector. In terms of performance metrics, Bitdeer has shown a remarkable 21.71% increase over the past week, contrasting with a slight decline of 0.96% in the S&P 500 during the same period. However, the stock has faced challenges over the longer term, with a year-to-date decline of 17.48% and a one-year performance down by 11.74%. Despite these fluctuations, Bitdeer reported impressive quarterly results, with net sales reaching USD 224.84 million and a pre-tax profit of USD 72.92 million, marking a growth of over 113%. The company maintains a return on equity of 7.56% and a price-to-book ratio of 2.28, indicating an attractive valuation. Additionally, institutional holdings stand at 51.5%, reflecting confidence from larger investors in the company's fundamentals.