Benchmark maintains $22 price target on Bitdeer

Benchmark maintained its $22 price target on Nasdaq-listed Bitcoin miner Bitdeer (BTDR) after the company’s quarterly revenue rose 47% from a year earlier amid strong BTC mining performance, The Block reported. Benchmark said Bitdeer is generating cash from its BTC mining business while also securing sites supplied with equipment and power, which the firm said could be used for a $4.7 billion AI data center project in Norway.