BTIG analyst Gregory Lewis initiated coverage of Bitdeer Technologies with a Buy rating and $15 price target. Bitdeer is an established global Bitcoin miner with a diversified footprint, the analyst tells investors in a research note. The firm says the company has an installed base of competitive power infrastructure, which puts it near the lower end of the cost curve. It sees “ample opportunities for expansion” given Bitdeer’s global footprint.
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