Barclays initiates Bitdeer at Overweight, sets $15 target
Barclays initiates coverage of Bitdeer with an Overweight rating and $15 price target, citing growing exposure to high performance compute and three gigawatt of powered capacity.
BTDR Barclays initiated coverage of Bitdeer with an Overweight rating and $15 price target.
The firm cites the company's growing exposure to high performance compute and its three gigawatt of powered capacity for the buy rating.
Bitdeer's focus shift to provision of AI infrastructure is an effective use of its existing and future powered land assets, which have become increasingly in-demand and valuable following the expansion of AI labs and hyperscalers, the analyst tells investors in a research note.