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

BlockBeats news, July 22, investment bank Benchmark said in a research report on Monday that the growing interest of artificial intelligence (AI) and high-performance computing (HPC) companies in crypto miners' energy assets in recent months has boosted the value of Bitdeer.

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