On July 6, Bitdeer Technologies rose 8.09% in regular trading, trading at $15.09/share, with turnover of $28.87 million.

On the news front, the AI computing power rental sector staged a collective rebound following a sharp selloff earlier in the month triggered by reports that Meta is planning to enter the AI cloud infrastructure market by selling access to AI computing power and models. Bitdeer had cumulatively declined over 17% from July 1 to July 3 amid the sector-wide rout, which also saw Nebius fall over 16% and CoreWeave drop over 11% on July 1. The current recovery reflects an oversold technical bounce across the sector, with peers IREN Ltd up 12.11% and TeraWulf up 10.86% in the same session.

Providing fundamental support, Bitdeer's subsidiary Tydal Data Center previously signed a colocation lease agreement for its AI data center site in Tydal, Norway. CEO Haris Basit characterized the agreement as an important step in executing the company's global AI infrastructure strategy, though the lease remains subject to certain external conditions before becoming effective.

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