Benchmark called the shares of bitcoin miner Bitdeer undervalued
Benchmark recommended its clients to invest in shares of the miner Bitdeer. The company has set a target price for this position at $13.
The investment company Benchmark called the shares of bitcoin miner Bitdeer Technologies undervalued due to the growth prospects. This is reported by CoinDesk with reference to the company's report.
The company recommended investing in miner shares, the publication noted. In the Benchmark report, the target price for this position is $13.
This is significantly higher than the market price. Note that on March 13, at the close of trading, Bitdeer shares (BTDR) were trading at $6.7 with a daily gain of 7%, according to TradingView.
The Benchmark report indicates that Bitdeer is different from other miners. The company's experts highlighted the following points:
- one of the lowest operating costs in the industry, according to Benchmark;
- various sources of income;
- cloud hosting;
- new solutions, including those based on AI.
The company's experts predicted a doubling of the miner's hashrate under the most optimistic scenario.
Source: https://incrypted.com/benchmark-nazvala-aktsyy-bytkoyn-majnera-bitdeer-nedootsenennymy/
