We recently published 10 Stocks With Eye-Popping Double-Digit Gains. Bitdeer Technologies Group (NASDAQ:BTDR) is one of the top performers on Friday.

Shares of Bitdeer Technologies jumped by 10.28 percent on Friday to close at $19.42 apiece, as investor sentiment was influenced by the rally in Bitcoin prices and an overall market optimism for more rate cuts.

As of writing, the price of Bitcoin was at $122,375, marking an increase of 9 percent from a week earlier and 1.62 percent from the previous day.

Over the next few days, investors of Bitdeer Technologies Group (NASDAQ:BTDR) will expect the announcement of its September production results.

Last month, Bitdeer Technologies Group (NASDAQ:BTDR) officially launched new self-developed Bitcoin mining machines. Called the Sealminer A3 series, the series maintains a low-noise feature while significantly reducing power consumption per unit of hash rate.

“This advancement enhances the energy efficiency and environmental sustainability of the mining process, leading to lower operational costs for miners. Moreover, its increased hashrate fulfills the requirements for large-scale mining operations, offering strong support in computational capabilities,” Bitdeer Technologies Group (NASDAQ:BTDR) said.

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Disclosure: None. This article is originally published at Insider Monkey.