Bitdeer price target lowered to $20 from $24 at Northland

Northland lowered the firm’s price target on Bitdeer (BTDR) to $20 from $24 and keeps an Outperform rating on the shares. While Q4 results were “a little softer,” Bitdeer remains committed to executing on its ASIC production roadmap, expanding its self-mining hashrate, and leveraging its “leading” 2.6 GW plus global power portfolio, the analyst tells investors after earnings.