H.C. Wainwright & Co. Initiates Buy Rating for Bitdeer with $20 Price Target!

Writer: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

Sep 11, 2023 19:52

Funding brokerage agency H.C. Wainwright & Co. has given Bitcoin mining firm Bitdeer a Purchase score and set a $20 value goal. In keeping with analyst Mike Colonnese, Bitdeer has seen a 124% improve in self-mining for August in comparison with the earlier 12 months, with a 74.1% progress in comparison with July. The constructive outlook on Bitdeer has additionally seen elevated holdings from funding corporations IDG, VanEck, and Vident Funding Advisory. Bitdeer operates a world platform that permits particular person miners to entry mining rigs and knowledge facilities, making it extra accessible for these looking for to mine bitcoin.