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