Benchmark raises Bitdeer stock price target to $16 and reiterates its buy rating

According to a research report released by investment bank Benchmark on Monday, the increasing interest from artificial intelligence (AI) and high-performance computing (HPC) companies in the energy assets of cryptocurrency miners in recent months has boosted the value of Bitdeer.

As a result, Benchmark raised the target price for Bitdeer from $13 to $16 and reiterated a buy rating on the stock. In pre-market trading, the stock was priced at $11.10.