What's Going On With Bitcoin Miner Bitdeer Technologies Stock?

by Erica Kollmann Benzinga Staff Writer

Zinger Key Points

Bitdeer shares are trading higher Tuesday, and the stock is up more than 50% over the past five days.
Bitdeer's latest operations update shows that the company mined 403 Bitcoins in November, a year-over-year increase of 81.5%.
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Bitdeer Technologies Group BTDR shares are trading higher Tuesday, adding to gains of more than 50% over the past five trading sessions. Here's a look at what's going on with the Bitcoin miner.

What To Know:

Bitdeer shares are climbing on heavy trading volume Tuesday with more than 2.5 million shares already traded in the session. According to data from Benzinga Pro, the stock's 100-day average volume is less than 728,000.

Bitdeer Technologies released a November operations update earlier this month, which showed that the company mined 403 Bitcoins in November, representing a year-over-year increase of 81.5%.

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Investors are eagerly anticipating the possible approval of a spot Bitcoin ETF and Bitcoin BTC/USD continues to rally and is currently trading near two-year highs which may be contributing to recent gains in Bitdeer Technologies shares. The stock is up more than 175% over the past month.

Related News: Why Coinbase Global Stock Is Up Today

BTDR Price Action: According to Benzinga Pro, Bitdeer Technologies shares were up 20% at $12.28 at the time of publication.

Image: Pete Linforth from Pixabay

BTDRBitdeer Technologies Group

$13.546.78%