Bitdeer price target raised to $15 from $12 at Rosenblatt

Rosenblatt analyst Kevin Cassidy raised the firm’s price target on Bitdeer (BTDR) to $15 from $12 and keeps a Buy rating on the shares. The firm cites upside from the company’s April production update and the rebound in bitcoin prices for the target bump. Exiting Q2, Bitdeer’s total energized capacity is expected to be 1.57GW, up 75% quarter-over-quarter, the analyst tells investors in a research note.

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