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.
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