NVDA - Bitdeer Leads in Bitcoin Mining Analyst Points to Growth Catalysts Including Proprietary Tech and Strategic Data Centers | Benzinga
Rosenblatt analyst Andrew Bond initiated coverage on Bitdeer Technologies Group (NASDAQ:BTDR) with a Buy rating and a price target of $10.5.
The analyst continues to be highly bullish on the Bitcoin ecosystem, of which mining will always be the backbone.
BTDR began formulating its data center strategy more than ten years ago and has since built more than 30 globally.
It operates six sites in three countries, with nearly 900MW capacity and 21 EH/s. Bond noted that its blended energy costs will be among the lowest in the space this year, with the option to move even lower.
Meanwhile, BTDR's ambitious growth strategy is supported by its container-style model and the ability ...