Three Investment Banks Initiate Coverage on Bitdeer with Buy Ratings and Price Targets Implying Potential Triple-Digit Upside

Three prominent capital markets firms recently initiated coverage on Bitdeer Technologies Group (NASDAQ: BTDR), a key player in the Bitcoin and high-performance computing (HPC) sector. Bitdeer is known for its diversified and vertically integrated operations that span self-mining, hash rate sharing, AI Cloud services and now Bitcoin mining chip development. Their unique position in the market has caught the attention of Roth/MKM, B. Riley Securities, and BTIG, each of which offered its insights and projections on Bitdeer – shedding light on its potential in the rapidly evolving Bitcoin mining landscape.

Roth/MKM, B. Riley Securities, and BTIG each provided a Buy rating for Bitdeer, with price targets ranging from $14 to $15.30, indicating significant upside potential. The firms highlighted Bitdeer's ambitious expansion plans, diversified business segments, and strategic investments in equipment technology as strong investment propositions. The coverage initiations mark a key milestone for Bitdeer, reflecting growing confidence in its strategic direction and recognition of its growth potential within the Bitcoin mining industry.