Bitdeer introduced ‘compelling’ growth targets, says H.C. Wainwright

H.C. Wainwright says Bitdeer Technologies’ new guidance calls for over 46 EH/s in total hash rate under management by the end of 2025. The company today introduced significant expansion plans for 2024 and 2025 through the deployment of its proprietary mining rig, the SEALMINER A1, beginning in Q3, the analyst tells investors in a research note. The firm believes the news provides investors with greater visibility into Bitdeer’s near-term expansion plans with specific targets outlined for 2024 and 2025. It views the company’s targets as “compelling.”