“What is This Company?” Wonders Jim Cramer About Bitdeer (BTDR)

Bitdeer Technologies Group (NASDAQ:BTDR) is simply a Bitcoin mining and AI unreality firm. Cramer discussed the steadfast arsenic an illustration of those whose financing reminded him of enactment successful the twelvemonth 2000:

“I spot a batch of things aft we get done this period. But we person to get done this period. And we person to get through. . .last night, I don’t mean to prime connected anybody connected particular, but I spent a lot, I was captious of OpenAI, but Bitdeer, a Massillon, Ohio works that they had a fire, 2 days ago, and mislaid a mates of the, 24 of the 26, whatever, they did this financing and it was 1 of these financings that was so, 2000-like. It was painful. You cognize the convert, and the banal you issue, and you person to spot different convert. And I’m looking astatine the stock, and what is this company? Well the banal was astatine 27 dollars and 80 cents, October 15th. Now it’s astatine 11. What does it do? Well it’s different Bitcoin miner slash AI institution and there’s conscionable dozens of these and these each look the same. I cannot judge however overmuch they look the same. I really did a tally of the companies that accidental Bitcoin, you gotta batch of animals, you got the rhino Bitcoin, the cervid Bitcoin, the carnivore Bitcoin. And past I thought 1 of the amended ones was BitFuFu, BitFuFu.”

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.