TechFlow news, January 27 — According to CoinDesk, investment bank KBW released a research report initiating coverage on three major Bitcoin mining companies: Bitdeer (BTDR), CleanSpark (CLSK), and Core Scientific (CORZ), assigning all three an "Outperform" rating. KBW set target prices of $26.50, $19, and $22 for the respective companies.
KBW believes that beyond its core mining operations, Bitdeer also possesses a growing ASIC manufacturing division and an AI/HPC cloud services platform; CleanSpark owns the industry's most efficient mining equipment and plans to achieve approximately 50 EH/s of hash rate by mid-2025; Core Scientific holds a competitive edge through its 12-year AI/HPC hosting services agreement with CoreWeave and its experienced data center operations team.
Notably, KBW continues to view Galaxy Digital (GLXY) as its top pick in the digital asset sector.
