Benchmark calls Bitdeer ‘comparatively inexpensive’ as it reiterates $27 price target for BTDR shares
The Block2h agoUpdated 2h ago
Smart Read
Bitdeer’s AI cloud ARR hit $43 million as of end-March, a 105% jump month-over-month, as its self-mining hashrate continues to grow....
Key takeaways
- 1Bitdeer's AI cloud ARR reached $43 million by end-March, growing 105% month-over-month.
- 2Benchmark maintains $27 price target for BTDR shares, calling valuation comparatively inexpensive.
- 3Company's self-mining hashrate continues expanding alongside AI cloud service growth.
Why it matters
Bitdeer's explosive AI cloud revenue growth and maintained analyst price target signal strong fundamentals for crypto infrastructure plays, relevant as Indian investors seek exposure to blockchain computing services amid global AI adoption trends.
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