Bitdeer
Coverage of Bitdeer in the Nexus archive.
- Bitdeer stock jumps 14% as company expands US mining hardware production
Bitdeer shares increased by 14% following the company's announcement of a $36 million Nevada facility to produce SEALMINER Bitcoin mining machines, expanding its hardware business. The expansion aims to boost production of mining hardware in the United States.
- Bitdeer taps former Corsair Gaming and semiconductor exec Michael Potter as CFO
Bitdeer has appointed Michael Potter, a former Corsair Gaming and semiconductor executive, as its new CFO. Jianchun Liu will remain as a principal advisor following his resignation due to personal reasons.
- Wall Street analysts increasingly value crypto firms as infrastructure, AI and capital markets platforms
Wall Street analysts are increasingly valuing crypto firms as infrastructure, AI and capital markets platforms, with buy ratings on several companies. Analysts at Benchmark, TD Cowen, and Mizuho hold positive views on Bitdeer, Strive, DeFi Technologies, and Gemini. This indicates a growing interest in the crypto industry.
- Benchmark calls Bitdeer ‘comparatively inexpensive’ as it reiterates $27 price target for BTDR shares
Bitdeer's AI cloud ARR reached $43 million as of end-March, a 105% jump month-over-month, and Benchmark reiterates a $27 price target for BTDR shares, calling Bitdeer 'comparatively inexpensive'. Bitdeer's self-mining hashrate continues to grow. The significant increase in ARR is a notable development for the company.