Alliance Global Partners initiated coverage of Bitdeer with a Buy rating and $14 price target The firm expects Bitdeer will have a self-mining hash rate of about 7.7 EH/s during Q3 with “a line of sight” to at least 30 EH/s by the end of 2025. The company has several other businesses that diversify it from the volatility of bitcoin, including hosting and hash rate sharing that allow it to lock in favorable economics for several years during bull cycles, the analyst tells investors in a research note.
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