TechFlow news — Benchmark, an investment banking firm, said in a research report on Thursday that Bitdeer's stock is attractive due to a significant gap between the company's discounted valuation and its growth prospects.
Benchmark initiated coverage on the Bitcoin mining company with a Buy rating and set a price target of $13.
"We believe this Singapore-based company stands out from its publicly traded peers due to its scalable infrastructure, one of the lowest all-in cash costs in the mining sector, diversified revenue streams—including proprietary mining, hash rate sharing, and hosting—alongside recent expansion into artificial intelligence (AI)/high-performance computing (HPC) solutions and the design and manufacturing of advanced mining equipment," said Mark Palme, analyst at Benchmark.
