Benchmark Reiterates Buy Rating on Bitdeer Technologies Group (BTDR)

Benchmark analyst Mark Palmer reiterated a Buy rating and $24.00 price target on Bitdeer Technologies Group (NASDAQ: BTDR).

The analyst commented, "While Bitdeer Technology Group (BTDR) yesterday provided a production and operations update for June 2025 that reflected continued progress on each of its three business lines – bitcoin mining rig design and manufacturing, self-mining of bitcoin, and the development of sites for AI/HPC data centers – it also served as a reminder that most of the potential drivers of upside for the company’s shares have yet to be realized. Among these are the planned expansion of BTDR’s self-mining hashrate to ~2.4x its current level by the end of October, the announcement of a development partner for the U.S. sites the company has designated for AI/HPC, and the anticipated rollout of its next-generation SEALMINER A3 and A4 mining rigs, the latter of which is expected to represent a significant leap beyond current market standards for ASIC efficiency."

For an analyst ratings summary and ratings history on Bitdeer Technologies Group click here. For more ratings news on Bitdeer Technologies Group click here.

Shares of Bitdeer Technologies Group closed at $12.97 yesterday.

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