Roth MKM lowered the firm’s price target on Bitdeer (BTDR) to $23.50 from $29 and keeps a Buy rating on the shares after its Q4 results. The quarter was weighed down by hosting, but self-mining growth remains the focus, the analyst tells investors in a research note. Demand for third-party hardware sales was strong, though Bitdeer is prioritizing its bitcoin mining capacity, pushing additional sales into late FY25 or FY26, the firm adds.
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