Bitdeer Growth Fueled By Strong Machine Sales, Efficient ASICs, Diversified Revenue, And High-Performance Computing Potential: Analyst
Posted On January 13, 2025
Needham analyst John Todaro maintained Bitdeer Technologies (NASDAQ:BTDR) with a Buy and raised the price target from $14 to $22.
Todaro raised his price target and 2025 estimates after updating his expectations for machine manufacturing sales. Additionally, the analyst increased his valuation due to his growing confidence in Bitdeer’s high-performance computing opportunities.
He modeled $175 million in machine sales, which includes the previously announced 29,000 unit sale and his estimates for the fourth quarter of 2025.
Todaro assumed a $15/TH sale price throughout 2025 at …
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