Bitcoin Miner Bitdeer (BTDR) Is ‘Different’ From Its Peers and Its Stock is Cheap: Benchmarks

“We believe the Singapore-based company has a scalable infrastructure with one of the lowest overall mining costs in the sector, multiple revenue streams including self-mining, hashrate sharing, hosting, and, most recently, artificial intelligence (AI)/high-performance computing. The field of design and manufacturing of (HPC) solutions and advanced mining equipment is expanding,” wrote analyst Mark Palmer.

If management can deliver on the company’s growth plans, it would more than double its power capacity, “paving the way for significant hashrate expansion,” he added.

The report said that a shift in hashrate from hosting to self-mining would “increase exposure to rising Bitcoin prices.” hash rate Represents the total combined computational power used to mine and process transactions. proof of work Blockchain.

Palmer also noted that Bitdeer is well-positioned to take market share in the AI ​​and HPC sectors.