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

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 11, 2023 19:52

Investment brokerage firm H.C. Wainwright & Co. has given Bitcoin mining company Bitdeer a Buy rating and set a $20 price target. According to analyst Mike Colonnese, Bitdeer has seen a 124% increase in self-mining for August compared to the previous year, with a 74.1% growth compared to July. The positive outlook on Bitdeer has also seen increased holdings from investment firms IDG, VanEck, and Vident Investment Advisory. Bitdeer operates a global platform that allows individual miners to access mining rigs and data centers, making it more accessible for those seeking to mine bitcoin.