Bitdeer Technologies Group (NASDAQ:BTDR) is one of the 13 Crypto Stocks with the Highest Upside Potential. On June 16, analyst Kevin Cassidy from Rosenblatt Securities maintained a Buy rating on Bitdeer Technologies Group (NASDAQ:BTDR), raising the price target to $20.00 from $15.00. The rating upgrade was based on the company’s strong developmental and operational progress.
The analyst reasoned that Bitdeer Technologies Group’s (NASDAQ:BTDR) self-mining operations are undergoing considerable growth, with an expanded hash rate and a significant increase in Bitcoin production. He attributed this growth to the deployment of the company’s advanced SEALMINER equipment and strategic expansion of its energy capacity. In addition, new facilities in Bhutan and Norway are expected to be energized soon, further boosting operational capabilities.
