In Brief

  • Bitdeer Technologies (BTDR) saw a 6% surge after its AI division won the MLOps Innovation Award, fueling investor interest.
  • Digi Power X (DGXX) jumped 14% after settling $250K in liabilities through a share issuance, positioning itself for growth.
  • Hut 8 Corp. (HUT) gained 5% as it secured long-term contracts for its power plants, enhancing its energy-focused business model.
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US stocks rallied sharply on Thursday. The gains came after a stronger-than-expected June jobs report, which showed an uptick in May’s figures and an unexpected drop in the unemployment rate.

Against this bullish backdrop, some crypto-related stocks are drawing investor attention. Here are three to watch today.

Bitdeer Technologies Group (BTDR)

Bitdeer Technologies is gaining ground after news that its AI division, Bitdeer AI, received the MLOps Innovation Award from AI Breakthrough. 

The award recognized Bitdeer’s advanced AI cloud platform, which streamlines machine learning operations through scalable infrastructure, orchestration tools, and seamless integration with top ML frameworks.

During Thursday’s trading session, BTDR rallied 6% to close at $13.77. If bullish momentum carries when the market opens today, the stock’s price could break above $14.01.

BTDR Price Analysis.
BTDR Price Analysis. Source: TradingView

On the other hand, a dip in buying pressure could push BTDR’s price to $12.64.

Digi Power X (DGXX)

Shares of Digi Power X jumped 14% on Thursday after the company announced it had entered into a debt settlement agreement with NANO Nuclear Energy Inc. 

Under the deal, Digi Power X will issue 109,677 subordinate voting shares in exchange for settling $250,000 in accrued liabilities. The move allows Digi Power X to preserve cash and continue investing in its AI and energy infrastructure initiatives.

The stock closed at $3.07 yesterday. If buying momentum intensifies, it could rally to $3.14 after trading commences today. 

DGXX Price Analysis.
DGXX Price Analysis. Source: TradingView

A reversal, however, may drag the price back to $2.65.

Hut 8 Corp (HUT)

​​Hut 8 is in focus after announcing that each of its four natural gas-fired power plants in Ontario secured a five-year capacity contract with the Independent Electricity System Operator (IESO). 

The development boosts Hut 8’s long-term revenue visibility and highlights its transition from a pure Bitcoin miner to an energy infrastructure operator focused on high-performance computing.

Yesterday, HUT closed at $21.90, noting 5% gains on the day. If buying pressure builds at the open, HUT could edge up to $21.93. 

HUT Price Analysis.
HUT Price Analysis. Source: TradingView

In a downside scenario, the shares could slip to $19.66.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Abiodun Oladokun
Abiodun Oladokun is a Technical and On-Chain Analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including decentralized finance (DeFi), real-world assets (RWA), artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), Layer 2s, and meme coins. Previously, he conducted market analysis and technical assessments of various altcoins at AMBCrypto, utilizing on-chain analytics platforms like Messari, Santiment...
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