Bitdeer Technologies is positioning for a rebound, leaning into AI/HPC data centers and rethinking how it prices mining gear. Analysts at Benchmark see upside, lifting the price target to $38 from $24 and keeping a Buy rating, praising the in-house AI/HPC data-center shift as a strategic move that could reshape execution and investment timelines [2]. The takeaway is clear: a data-center-first approach could unlock efficiencies many hardware-centric miners miss [2].
That AI/HPC pivot is framed as boosting economics and scalability, with the note predicting Bitdeer could reach more than $2B in annual recurring revenue by 2026 [2]. The emphasis on internal capacity aligns with a longer-term plan to monetize non-hardware assets alongside mining rigs, according to the same analysis [2]. If pursued, this could broaden the company's revenue mix and de-risk rapid hardware cycles [2].
On the pricing side, Bitdeer's success might lead to less aggressive pricing on its mining equipment, with the company prioritizing growing its self-mining capacity and sending as many miners as possible to its own facilities [3]. This pricing posture could influence hash-rate expansion dynamics in the wider market by shaping external buying, timing, and support for capacity growth [3].
Keep an eye on Benchmark's price target and Bitdeer's capacity ramp to see if the ARR story and market impact hold up.
References
$BTDR | 𝐁𝐢𝐭𝐝𝐞𝐞𝐫 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 (BTDR): Benchmark raises 𝐏𝐓 𝐭𝐨 $𝟑𝟖 (from $24), keeps 𝐁𝐮𝐲 — cites 𝐢𝐧-𝐡𝐨𝐮
Benchmark sets PT to 38; Buy; AI/HPC data-center pivot boosts Bitdeer economics, aiming >$2B ARR by 2026.
View sourceBitdeer's success might lead to less aggressive pricing on their mining equipment. They're focused o
Bitdeer strategy: self-mining focus, more miners to own facilities; may lower equipment prices; impact on hash rate
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