Bitdeer price target raised to $29 from $15 at Roth MKM

Roth MKM analyst Darren Aftahi raised the firm’s price target on Bitdeer (BTDR) to $29 from $15 and keeps a Buy rating on the shares after visiting with its management team at the Deer Valley Conference. The company appears to be making progress on its HPC/AI ambitions with its portfolio of sites, while its SEALMINER platform is gaining traction at a faster rate than anticipated, the analyst tells investors in a research note, adding that the firm is adjusting its price target with a Bitcoin value assumption of $100K.