Roth Capital lowered the firm’s price target on Bitdeer (BTDR) to $18 from $23.50 but keeps a Buy rating on the shares. The company’s March update highlighted continued progress on bitcoin mining expansion with about 700MW expected to energize 2025, the analyst tells investors in a research note. Importantly, Bitdeer continues to pursue HPC/AI partnerships for its U.S. sites, which remain the key catalyst for shares, the firm adds.
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